Real Estate Weekly
Image default
Deals & Dealmakers

Quad Preparatory to open new campus at 25 Pine in deal arranged by Savills Studley

The Quad Preparatory School, an independent college preparatory school will soon open its new and expanded campus in Lower Manhattan, uniting all divisions and program services to 25 Pine Street.

The relocation was arranged by Savills Studley.

25 Pine Street
25 Pine Street

Quad Prep’s new school, located between Wall Street and Liberty Street, encompasses 38,825 s/f on the entire 4th floor, featuring state-of-the-art classroom space, a film screening room, a kitchen classroom and two maker space project rooms, as well as a private entrance on Pine Street.

With this new lease, Quad Prep will move from incubator space in the 6th Street Synagogue into space currently occupied by the sub-landlord, the Green Ivy School.

In addition, Quad Prep will share the building with the Pine Street School, a PK-5 Montessori-infused International baccalaureate world school, and the City School of the Arts, an innovative new charter middle school that provides extensive enrichment programming for artistic disciplines.

Savills Studley’s Executive Managing Director Marc Shapses and Assistant Director Seth Wasserman represented Quad Prep in the long-term subleasing transaction.

According to Shapses, “Finding quality educational space is a rare find in the city, but after scouring the market, our team at Savills Studley secured a site for the school that was in ready-to-move-in condition.

“25 Pine Street provided everything that Quad Prep was looking for: modern, fully built-out classroom space, administrative offices and project rooms, all without any additional capital expenditure, making it a win-win for them.”

(Visited 1 times, 1 visits today)

Related posts

Oxford Properties forms partnership with Norges at Berlin’s iconic Sony Center in $717 million deal


Gaia Real Estate Announces Full Exit Of Copperfield Portfolio


Parkview Financial Provides $21.5 Million Loan for Vacant Hotel Acquisition and Conversion to Apartments/Retail in Newark, NJ