Suffolk has put its Fenton building officially on the market, a university spokesman said today, and the city of Boston assessed its value at more than $9 million.
Fenton, located at 32 Derne Street, is for sale by Jones Lang LaSalle, Greg Gatlin, vice president of marketing and communications for Suffolk, said.
The university could not disclose the price at which the six-story building would sell. Jones Lang LaSalle could not be immediately reached for comment.
On Wednesday, Boston Business Journal reported that the university also had plans to sell its Ridgeway, Archer, and Donahue buildings, citing Stephen Young, the board chair of the Beacon Hill Civic Association. However, Gatlin confirmed that Fenton is the only building currently on the market.
“There are no decisions on other properties,” he said. “Fenton is the only property we are committed to selling.”
Marylee Halpin, the executive director of the Beacon Hill Civic Association, said the association had records of discussing sales of the buildings mentioned by Young.
“In our dialogues with Suffolk,” Halpin said, “we talked about where the university is geographically trying to go.” Specifically, Halpin said the university is trying to consolidate space. She said the Ridgeway, Archer, Donahue, and Fenton buildings were “outliers to the theory of consolidating.”
“I think we have a lot of respect for Suffolk for thinking strategically about their property,” Halpin said. The association hopes that the culmination of the sale of Fenton will bring a school or affordable condominiums to Beacon Hill.
It was not immediately clear if the sale of Fenton would impact classes before the opening of the new 20 Somerset building in fall 2015.
In a previous interview with The Suffolk Journal, university President James McCarthy said Suffolk hoped to close a sale on Fenton and Ridgeway by the time 20 Somerset opened.
The university broke ground on the state-of-the-art building in November.