Cushman & Wakefield has arranged a 20-year, 14,032 s/f lease for Mile Square Early Learning Center at 770 Jackson Street in Hoboken.
The Mile Square Early Learning Center will feature over 14 new classrooms, as well as an administrative office component.
A Cushman & Wakefield team of Alana Friedman, David Townes, Neil Seth and Rob Kuppersmith represented the landlord. The tenant was represented by Elizabeth Rakela of Keller Williams and Harrison Russell of Newmark Knight Frank.
“We are pleased to welcome the Mile Square Early Learning Center to the property,” said Friedman. “This transaction is indicative of the ever-increasing demand for learning facilities to service families of Hoboken.”
Established in 1979, the Mile Square Early Learning Center provides early childhood services for residents of Hoboken. The organization has five other locations across the city, including 215 9th Street, 301 Garden Street, 158 4th Street, 310 Jefferson Street and 1100 Willow Avenue.
770 Jackson Avenue, also known as 7Seventy House, is a mixed-use asset with about 9,700 square feet of outstanding retail space available for lease. The property, developed by Bijou Properties and Intercontinental Real Estate Corporation, is in a desirable residential neighborhood with more than 1,000 apartments in a three block radius.
The property is situated across from the 9th Street/Congress Street Station on the Hudson Bergen Light Rail, which services more than 300,000 passengers weekly. The asset is also directly across from the Monroe Center, a 150,000 s/f small business center.