The Religious of the Sacred Heart of Mary founded MarymountCollege in 1907. Fordham University recently announced plansseeking a buyer for the 25-acre campus. University officials saythe move was driven by "the disproportionately high cost ofsupporting the reduced operations on the Tarrytown campus."

The university plans to move its Westchester operations, whichinclude graduate schools of education, social service and businessas well as its Fordham College of Liberal Studies, to leased spaceat 400 Westchester Ave. in Harrison, a former Verizon building thatwas purchased by a GHP Office Realty partnership earlier this year.The university has signed a 20-year lease for the entire 62,500-sfbuilding. The 400 Westchester Ave. building was part of thepurchase of a nearly 1.7-million-sf portfolio of VerizonCommunications industrial and office space in eight states by GHPOffice Purchasing LLC, a White Plains-based entity controlled byGHP Office Realty and Benerofe Properties. Local sources valued thedeal at approximately $150 million. Classes at Marymount willcontinue until the end of the current academic year.

The Marymount College of Fordham University campus consists of11 buildings totaling more than 500,000 sf. James Houlihan, apartner in Houlihan-Parnes/iCap Realty Advisors, parent company ofGHP Office Realty, says, "The potential buying pool is very wide.There are number of potential uses the property might be put to useto." Most of the buildings on the campus were built between the1930s and the 1960s.