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Burlington College Building Sells for Big Bucks

BURLINGTON COLLEGE BUILDING SELLS FOR BIG BUCKS

The main building of what was previously Burlington College was sold in a foreclosure auction July 12. The building measures 29,000 square feet and sold to People's United Bank for $3.1 million. People's United also holds the mortgage for the property, but "legally had to bid on the building under a judgement of foreclosure," reports WCAX News. The bank will likely sell the property to a developer, and local real estate investor Eric Farrell says he all ready has plans in the works to develop the building to a mixed-use property with residential and commercial space. The full story can be read at the WCAX website by clicking here.

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