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Deals & Dealmakers

Children’s therapy service expands with new Bronx facility

OWL Early Intervention, a Brooklyn-based company that serves young children diagnosed with neurologic or orthopedic disabilities, has leased the ground floor community facility space at 1016 Washington Avenue in the Bronx.

KZA realty arranged the 7,850 s/f lease on behalf of the landlord. Paul Moulins of KW Commercial represented the tenant in the 10-year lease. Asking rent was $30 psf.

Developed in 2014 by Amnon Shalhov’s Joy Construction, 1016 Washington Avenue is a 65-unit workforce housing property built in partnership with the non-profit New York Partnership Housing Development Fund.

KZA Realty’s Kathy Zamechansky commented, “We are thrilled to have OWL Early Invention as the newest lessee at 1016 Washington Ave. They offer valuable services that will have a positive impact on both the children and families who live in the area – and we couldn’t be more excited for them to join the Morrisania community.”

Gina Levy, CEO of OWL, commented, “Our early intervention program is unique, and it is extremely successful with the children we care for.  However, because of the success of the children, our center in Brooklyn always has a waiting list to become part of the OWL program.  We realized that to help more children and families, we needed to expand. 

“We are very excited to finalize this deal to call the Bronx another home that will allow us to help more children and their families achieve their full potential.”

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