A real estate investment group has signed an agreement with St. Johnsbury Academy

ST. JOHNSBURY — A real estate investment group has signed an agreement with St. Johnsbury Academy to purchase the Maple Center Motel property. The agreement puts Sunshine Investment Capital, LP on track to purchase the Hastings Hill property that the Academy no longer needs for student housing purposes. The Sunshine group is the third serious suitor of the property since last summer. Three men comprise the limited partnership; they are Douglas Campbell, Mike Cammock and Jay Lucas. The partnership was formed in November and has already purchased two properties: a motel in Charlestown, N.H. and two multi-unit buildings in Springfield, Vt.