LAWRENCEVILLE – The Pension Benefit Guaranty Corporation sold the campus of the former St. Paul’s College to Xinhua Education Investment Corporation for $2.5 million. The deed was recorded on Monday, Nov. 27, 2017.
Repeated efforts to obtain more information about the company that purchased the property and proposed use of the property were unsuccessful. As of Monday, Dec. 4, 2017, neither the Town of Lawrenceville nor Brunswick County had been officially notified about the sale. Lawrenceville Town Manager C. J. Dean said the Town of Lawrenceville was notified on Monday, Nov. 27, 2017 that the property had been sold.
Saint Paul’s College was founded in 1888 by the Reverend James Solomon Russell. In 2012, the college lost its accreditation with the Southern Association of Colleges and Schools Commission (SACS) after being on probation. The college sued and was issued a preliminary injunction as the suit worked through the courts. During this time plans were discussed with St. Augustine’s College in Raleigh, North Carolina to purchase Saint Paul’s College. The deal did not materialize and the college advised SACS that it would close on June 30, 2013. The campus has been for sale since it closed.