RADNOR, PA-The Jewish Federation of Greater Philadelphia has acquired the 35-acre, six-building American College campus at 270 S. Bryn Mawr Ave. The federation will relocate Akiba Academy, the oldest Jewish day school in the country, there from its current location in nearby Merion.

The selling price is undisclosed, but, according to published reports, it was in the $30-million range. This transaction puts to rest area residents’ fears that the prize parcel might be sold to a developer and also allows the seller, American College, to consolidate operations into the 62,920-sf MDRT Foundation Hall Building on the campus under a long-term leaseback arrangement. In addition, Villanova University will maintain its long-term lease for a 22,000-sf building on the campus. All six buildings contain an aggregate of about 250,000 sf.

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