15-Acre Campus in Pasadena Acquired by Swiss Company
EF Education First, a Switzerland-based international education company, has agreed to purchase the nearly 15-acre campus of William Carey International University in Pasadena. Terms were not disclosed. The property, with an address of 1539 E. Howard St., had been on the market since September, according to Keith Mathias, a principal at the Ventura-based RK Capital Real Estate Group that is WCIU’s broker. “We finalized the deal last night,” said Shawna Marino, vice president of EF Education First. The deal is expected to close in 16 months after EF obtains the required permits from the City of Pasadena. The company also acquired 16 residential properties along North Oxford Avenue and plans to use them to house faculty and staff, Marino said. It also acquired an adjacent soccer field. EF did not purchase 131 of the university-owned housing units, nor did it purchase the campus’s Hudson Taylor Hall, which is owned by religious interdenominational group Front...