La Salle Academy purchases its own land for borrowing equity

LA SALLE ACADEMY has purchased the nearly 30 acres that the school sits upon for $6.75 million to increase the organization's assets and equity as a preparation for intended expansion. / COURTESY LA SALLE ACADEMY
LA SALLE ACADEMY has purchased the nearly 30 acres that the school sits upon for $6.75 million to increase the organization's assets and equity as a preparation for intended expansion. / COURTESY LA SALLE ACADEMY
PROVIDENCE – Approximately 29.6 acres that comprise La Salle Academy were sold in October for $6.75 million. The sellers? La Salle Academy. The purchasers? Well,…

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