SP&F Assists Vermont State Colleges in CCV-Winooski Campus Acquisition

On March 26, 2015, Stitzel, Page & Fletcher attorneys Robert E. Fletcher and David W. Rugh, working on behalf of Vermont State Colleges, assisted in closing the Colleges’ roughly $2.5 million purchase of its Community College of Vermont – Winooski Campus property. The property at 1 Abenaki Way was formerly comprised of five parcels of land that were consolidated by RCP Realty, LLC, as part of Winooski’s Downtown Redevelopment Project. In 2008 SP&F first negotiated a ground lease with an option to purchase between RCP Realty, LLC and Vermont State Colleges to enable the Colleges’ construction of the CCV-Winooski academic building. The CCV-Winooski campus is a cornerstone of the Winooski Downtown Redevelopment Project that has promoted substantial residential and commercial redevelopment in Winooski’s downtown over the last seven years.

For more information about this project or for assistance with your institution’s or municipality’s real property transactions, please contact Robert Fletcher or David Rugh .