Georgian Court University, the private Catholic university in Lakewood, is selling 42 acres of land to Beth Medrash Govoha, the second-largest Orthodox Jewish yeshiva the university's president announced Wednesday.

Georgian Court officials would not disclose the sale price, but said negotiations have taken about two years, after a few years of on-and-off discussions.

"All the legal paperwork has been signed, but this will not happen overnight," said Stacey Ehling, a spokeswoman for the university. "There is a multi-year plan that includes a phased-in approach to the transfer of ownership, which is anticipated to begin this summer."

The 42 acres are on a "mostly unused and undeveloped" portion of Georgian Court University's property, which spans more than 150 acres, the university said in announcing the sale.... Read More: Patch-Lakewood