Savills represented the McCormick Theological Seminary in its campus relocation to the Catholic Theological Union building. McCormick will move later this year to a nearly 11,000-square-foot space at 5416 South Cornell Ave. in the Hyde Park neighborhood.
Savills was selected to find a new home for McCormick after the seminary sold its former campus to the University of Chicago. The Savills team of Chicago region President Robert Sevim, Senior Managing Directors Adam Southard and Marty Festenstein, and Associate Cullen Hurley were tapped to locate a new campus near the seminary’s former location in Hyde Park.
“The Catholic Theological Union building is a fitting new home for the McCormick Theological Seminary,” said Sevim. “McCormick’s long-time neighbor, the Lutheran School of Theology at Chicago has also recently moved in, and the property is becoming a thriving environment for collaboration for these three historic institutions. These three theological schools can share the existing amenities, which provides a unique community experience for students, faculty, and staff within the building.”
The location allows the McCormick Theological Seminary to continue its important mission and achieve its community-oriented goals by remaining within the Hyde Park neighborhood. The building provides efficient, flexible floorplates and the seminary will build a new space for its operations within the building. Finally, the Savills team negotiated an enhanced building signage package for McCormick.
McCormick Theological Seminary, founded in 1829, is one of 10 schools related to the Presbyterian Church (USA) and is an accredited member of the Association of Theological Schools (ATS) in the United States and Canada and the Higher Learning Commission (HLC). The seminary is also affiliated with the Association of Chicago Theological Schools (ACTS).
