Former Green Mountain College campus on the market

Vermont Business Magazine Colliers International’s Capital Markets team of Senior Vice President Christopher Sower, Vice President Bruce Lusa, Assistant Vice President Jonathan Bryant, and Associate John Flaherty recently brought to market the picturesque 155-acre Green Mountain Campus located in Poultney. Former home to Green Mountain College, an academic institution highly committed to environmental sustainability, the unique “turn-key” campus opportunity comes fully furnished and equipped with 23 buildings comprising approximately 450,000 square feet.

 

It boasts first-class dormitory facilities (654 beds), classrooms, administrative offices, lecture halls, cafeteria, student center, community space, library building, athletic facilities, 400-seat theater/auditorium, fine arts studios and galleries, a working farm, guest residences and a campus-wide biomass heating system installed in 2010 that makes the campus 100% carbon neutral.

 

There was no listed asking price.

Green Mountain Campus, located in the western-most part of southern Vermont, directly borders the state of New York, and enjoys close proximity to multiple lakes, New York’s Adirondack Mountains to the west, and Vermont’s Green Mountains to the east. It embodies the overall allure of Vermont as a year-round outdoor enthusiast’s paradise.

“What Green Mountain has created on its Poultney campus is a quintessential New England experience,” shared Sower. “While the college itself decided to close its doors following the Spring 2019 semester, I am confident we will identify a new user who appreciates and repurposes the quality infrastructure so thoughtfully put in place.”

Local market experts supporting the Colliers Boston team in the assignment include Tony Blake and Bill Kiendl, both principals at V/T Commercial. For more information, see greenmtncampus.colliers.com.

 

Founded in 1834, Green Mountain College (GMC) was a private 4-year liberal arts college focused on environmental, social, and economic sustainability. The college was recognized as a leader in environmental sustainability. In 2010 the school replaced its HVAC system with a wood-fueled biomass heating system. The biomass system supplies steam heat to the on-campus buildings and today the campus is carbon neutral.

 

At its peak, GMC enrolled and housed over 600 undergraduate students on the campus. In January 2019, GMC announced that it would cease operations and close at the conclusion of the 2019 academic year.

 

 

About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI) is an industry-leading global real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. 

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