Sisters of St. Joseph Enter Sale Agreement for Mont Marie Property
HOLYOKE (WGGB) — The Sisters of St. Joseph of Springfield have signed a purchase and sale agreement for the Mont Marie property in Holyoke.
Tryko Partners, LLC plans to acquire the property, which includes the Mont Marie Health Care Center, and assume management of the property’s Senior and St. Joseph Residences. The Sisters of St. Joseph still plan to use part of the property through a lease agreement, including the chapel and cemetery.
President of the congregation Sister Maxyne Schneider says more than two years of research went into the sale, as the 235-member congregation faced financial issues. A due diligence period is now underway on the sale.
She is pleased with the buyer,” They’re not a Catholic group as such but there is such a deep respect that we feel very confident that the culture of Mont Marie will continue in much the same way as it has grown,” says Sr. Maxyene Schneider, President of the Sisters of St. Joseph.
Sr. Maxyene says another favorable part of the sales agreement is the continued use of the Mont Marie Chapel,” We are going to be able to lease the chapel for a nominal amount, one dollar a year so we';; still be able to gather as a community for prayer, for liturgy, for community celebrations and meetings, for the jubilees of our sisters , for the funerals of our sisters.
The sale is expected to close this fall, but the price has not been indicated. Diocesan officials say the religious community will relocate their administrative offices to Springfield’s Our Lady of Hope Rectory, according to Thursday’s press release.
The plans were first revealed to members of the religious community in a private meeting. It comes after an announcement on June 10th that 30 of their sisters who reside at Mont Marie would be relocated to residences in Holyoke, Boston and Framingham.
The sale is part of an effort to address financial challenges and care for their aging sisters.
The sisters living in the health care center and senior residences will remain there during the sale. “Over 70 of our sisters will continue to live on the Mont Marie property after the sale,” Sister Schneider said in a press release, “so we are at the beginning of what we expect to be a long and fruitful relationship with Tryko Partners.”
Tryko is based in New Jersey and is involved in eight other properties in Massachusetts. The third-generation nursing home operator was described as having strong faith-based roots.
The Sisters of St. Joseph have been offered offices in the Our Lady of Hope rectory free of cost by the Springfield Diocese and Mary Mother of Hope Parish. The space was at one point used as administrative offices for Cathedral High School, following the damage caused by the June 2011 tornado.