DEVON, PA-Episcopal Academy has put its 30.4-acre campus at 905 S. Waterloo Rd. up for sale. The private day school has broken ground for a new 123-acre, $212-million campus in Newton Township where it will consolidate this and its Merion locations, as previously reported. St. Joseph’s University acquired the Merion campus earlier this year for an undisclosed price.

This campus is hitting the market unpriced. The property includes five buildings aggregating 61,319 sf. Haas House, a two-story, 6,124-sf former residential manor, was built in the 1920s and now contains offices, meeting space and a second-story apartment. There is a freestanding 1,521-sf maintenance garage that dates back to the same era. The 40,295-sf schoolhouse, built in 1993, contains 13 classrooms, computer and science labs, a woodshop and chapel/multipurpose room with a stage and dressing rooms. A 9,059-sf gymnasium is integrated with the schoolhouse. A 4,320-sf music building and cafeteria was constructed in 1988.

A trio of area brokers, each of whom has at least one child enrolled in the school, is marketing the property pro bono. They are Robert Fahey, executive vice president in the Wayne office of CB Richard Ellis; Patrick Green, senior vice president in CBRE’s Philadelphia office, and Bill Luff, who recently left the former Trammell Crow Co. to become managing director and executive vice president in the Philadelphia office of Jones Lang LaSalle. Luff is an Episcopal Academy alumnus.

“We estimate that the cost of duplicating this facility, if anyone was lucky enough to obtain a site like this in a location like this, would be about $38 million,” Green tells He expects it will sell in that range. “We’re getting a lot of interest, primarily from educational institutions and nonprofits, although there is also interest from providers of extended care facilities for seniors.”

It is zoned residential with a school exception. “If a school buys it, move-in would be a seamless process, and it could open in September 2008.” he says. The campus includes nature trails, gardens, woods, creeks and athletic fields. Green says there is room for additional parking and “someone could possibly add to the top of some buildings, but they are so well-positioned on the hill that no one would want to cut off their nose to spite their face.”

Condo developers are not being considered. “That’s not what we or the school wants,” he says, “and we believe there’s enough interest among others that there is no need to go that way.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.