Villanova University paid Cabrini University more than $11.5 million for its campus in Radnor, according to Chester County property records, writes Ryan Mulligan for Philadelphia Business Journal.
That’s in addition to $45 million Villanova is paying to cover Cabrini’s long-term debt and the $25 million or more it’s expected to spend on campus improvements.
Villanova hopes to open the renovated 112-acre campus in Fall 2026.
The land sale prices were disclosed in a bond filing from earlier this year.
The Villanova property deal with Cabrini actually involved two land sales. One was a $10 million deal with Cabrini University’s founders, the Missionary Sisters of the Sacred Heart of Jesus.
Another was a $1.505 million purchase of a smaller Cabrini University parcel at 1272 Upper Gulph Road.
As part of the deal, Villanova agreed to pay an undisclosed amount to keep Cabrini operating for its final year.
Villanova officially took ownership of the Cabrini campus on June 28.
According to the bond filing, Villanova will reopen the campus in two years “following a period of capital renewal and planning.”
The Cabrini purchase is part of a 10-year campus master plan at Villanova University.
Read more about Villanova’s purchase of the Cabrini campus and its own campus upgrades in the Philadelphia Business Journal.
