Eden Theological Seminary and Webster University have just completed a sale which will expand Webster and allow Eden the use of the university’s Emerson Library.
The agreement transfers 5.5 of Eden’s 22 acres and three buildings – the Wehrli Center, Luhr Library and “White House” – to Webster for $5.3 million.
“We believe the closing of this agreement benefits both institutions and, by maintaining the use of the Lockwood Property by two historic higher education institutions, serves the City of Webster Groves,” said Webster University President Dr. Elizabeth (Beth) J. Stroble and Eden Theological Seminary President Dr. David M. Greenhaw in a joint statement.
Webster is also in the process of expanding in building the George Herbert Walker School of Business & Technology between Nerinx Hall High School and the university’s Music Building.
Dean Benjamin Akande says that 95,000-square-foot building will not be “just bricks and mortar.”
“It’s a transformational opportunity that will announce our arrival as a prominent provider of business education,” Akande said in an article in The St. Louis Post-Dispatch.