Bromley Cos. has sold Naismith Hall, a student housing dorm-style community totaling 504 beds, located on campus at the University of Kansas in Lawrence, Kan.
The financial terms and the new owner were not disclosed.
Naismith Hall sits on 2.84 acres, totals 120,000 square feet and was originally built in 1965, with the most recent renovations completed in 2013. The student housing also features community amenities, including a 24-hour fitness center, swimming pool with sun deck, renovated lounge with games, 24-hour computer lab with printing available, free onsite tutoring, community kitchen, onsite laundry, onsite parking, and food service at Naismith Hall Café. New ownership also plans to execute a significant renovation program and modernize the student housing asset to premium standards.
Located at 1800 Naismith Drive, the property is adjacent to the university, providing unparalleled housing opportunities for students wanting to be steps away from campus.
