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Newbury College puts its campus up for sale for $40 million

Buying News Brookline
The Newbury College campus in Brookline.
The Newbury College campus in Brookline. Colliers International Boston

To the tune of $40 million, Newbury College’s entire campus, buildings and all, can be yours.

A listing price wasn’t given when the 7.87-acre swath of land went on the market last month, but the eight-figure number was recently dropped on the Multiple Listing Service.

The listing comes after officials announced in December that the college will close this spring due to “financial challenges.”

Colliers International Boston is marketing the Brookline campus that the college has called home for 40 years, according to a news release.

Dubbed “The Common at Fisher Hill,” the property includes 142,000 square feet of buildings — a mix of office and academic holdings, plus residence halls with a capacity of 183, and other things needed for a college campus —  spread over seven parcels adjacent to Fisher Avenue and Holland and Hyslop roads, the release says.

Christopher Sower, Colliers senior vice president, said via e-mail in February that the campus has to be sold as a single piece.

Colliers is already talking with potential buyers. The campus could be redeveloped into senior housing or an assisted-living facility, or it could continue to be used for education, said Sower back in late February, considering the market and what the company is being told by those interested.

“A site of this scale in Brookline is very rare,”  said James Elcock, Colliers vice chairman, in February. “It has built-in allure and really offers the full package — urban accessibility with a neighborhood feel; a top-of-the-line, plentiful amenity base; excellent demographics; and more.”

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