BY: TYRA LESSMEN
Editor-in-chief
This year, STLCC was contracted to sell the Cosand Center. The building, at 300 South Broadway, was purchased for the college in 1984, and has served as an administrative center, office building,
and some classes were offered there at one point.
The purchase of this building from STLCC, as well as the sales agreement, were terminated without a final sale last week. Though no definite reason was disclosed to the college, according to the college, it is clear that there were several things the buyers failed to complete in the due diligence portion of the sale.
“We placed the Cosand Center with a broker, who is someone who will assist in listing the property and finding buyers,” said Dr. Jeff Pittman, Chancellor.
The building has been underused for some time, and staff and faculty that were assigned to the building have been primarily relocated to other campus locations.
Funds from the sale of the Broadway location will be allocated to such projects as the improvement of existing buildings on STLCC campuses. On the Meramec campus, the Communications North building has been closed for months for improvements, including the abatement of asbestos.
Currently, the Cosand Center is listed for $7.5 million, and the college hopes to sell the building for the highest amount possible, according to Pittman.
