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Fund buys Girl Scouts Hamptons plot.


The Girl Scouts Girl Scouts, recreational and service organization founded (1912) in Savannah, Ga., by Mrs. Juliette Gordon Low (1860–1927). It was originally modeled after the Boy Scouts and Girl Guides, organizations created in Great Britain by Sir Robert Baden-Powell during  of Nassau County Nassau County is the name of two counties in the United States of America:
  • Nassau County, New York
  • Nassau County, Florida
, NY have just signed a contract to sell a 65 acre plot of land in Hampton Hampton, part of Greater London, England
Hampton, since 1965 part of the Greater London outer borough of Richmond upon Thames, SE England, on the Thames River. It is the site of

Hampton Court Palace, which occupies about eight acres (3.
 Bay known as Camp Tekakwitha, to the Southampton Southampton, county district (1991 pop. 194,400), Hampshire, S England, at the head of Southampton Water. Southampton is Britain's second largest port. The London-Southampton railway, finished in 1840, and the double tide of the harbor made Southampton an important  Community Preservation Fund for approximately $16.5 million.

Jeffrey Herz, a partner in the Garden City, NY offices of Cullen and Dykman represented the Girl Scouts of Nassau County in the contract negotiations with the Community Preservation Fund.

The property will be transferred in two separate closings of $9.5 and $7.0 million on or about February 28, 2007 and July 1, 2007 respectively. Once added to the Community Preservation Fund's existing real estate holdings, the sale will ensure that the property remains undeveloped--including what will be nearly a mile of land along the Great Peconic Bay The Peconic Bay is the parent name for two bays between the North Fork and the South Fork of Long Island in the U.S. state of New York. It is divided by Robins Island into the Great Peconic Bay on the west and Little Peconic Bay. .

"The under utilization of the property by Girl Scouts from Nassau County and the opportunity to preserve the open space were important factors driving the sale of the camp to the Community Preservation Fund. This unique 'win-win' situation will allow the general public to enjoy the undeveloped space for years to come," said Jeffrey Herz, of Cullen and Dykman.

Proceeds from the sale of the property will be put towards the purchase of meeting space and other Girl Scout programs.
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Publication:Real Estate Weekly
Date:Feb 14, 2007
Words:208
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