The Bensalem School District has sold Neil A. Armstrong Middle School to a buyer who plans to demolish the building.
A company called 2201 Street Road, LLC. bought the three parcel property, which includes more than 30 acres. Sold Monday, the final sale price was $7,364,613. This is in addition to another $700,000 from other costs.
Superintendent Dr. Samuel Lee says the money will help to fill budget gaps.
“All school districts across the nation are facing financial challenges due the COVID-19 pandemic. I feel relieved because of the length of the process,” he said. “The proceeds from the sale can be used to support capital projects like building, grounds and facility upgrades, and maintenance.”
The purchaser is an affiliate of Pandya Group of Companies, which is owned by developer Jignesh “Jay” Pandya.
Pandya is a native of India who moved to Bensalem and graduated from Bensalem High School. He purchased the Boston Market chain earlier this year. Pandya hopes to move its corporate headquarters to the site of the middle school.
The Bensalem Township Council must first approve Pandya’s plans before he can move forward. It had denied one of his other plans earlier this year which would have included a real estate development with 141 homes.
This sale does not involve Neil A. Armstrong Middle School on Wistar Road in Fairless Hills, which is operated by the Bristol Township School District.