"The University of St. Thomas has made an unprecedented purchase to ensure future expansion.
On Feb. 1 the school bought two Montrose-area office buildings and a long-time retail site where the popular Black Labrador Pub has operated for the past 21 years.
The seller was a partnership led by John Hansen of John Hansen Investment Builder, a veteran Houston developer who constructed the office buildings and renovated the retail site dating back to 1945.
It is the largest such acquisition in the university's 60-year history, and the first time St. Thomas has purchased commercial property. The institution is spread over a portion of 19 blocks and bought the adjacent properties in anticipation of future growth. "
The rest of the article says that they bought a 5 story and a 4 story building and plan to use them for faculty, administation and classrooms. They'll honor the existing leases and move in slowly as the leases expire. The Black Labrador is expected to pour beer for another 5-7 years, according to a university official.
....Hmmm, I've always wanted to grab a cold one @ the Black Lab, so guess I need to get over there sometime in the near future!
University of St. Thomas Campus Developments
in Going Up!
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....Hmmm, I've always wanted to grab a cold one @ the Black Lab, so guess I need to get over there sometime in the near future!