Glasgow Caledonian University (GCU), one of the largest Universities in Scotland, has signed a 15-year, 13,500 s/f lease for the entire ground floor and lower level at 64 Wooster Street in SoHo.
The Scottish-based academic institution plans to link the New York campus with the University’s sister school, GCU London, and the highly successful British School of Fashion based there.
The transaction, negotiated by global commercial real estate services firm Studley, expands GCU’s global academic presence and establishes its first American campus in one of New York City’s most fashionable neighborhoods.
The new location will specialize in fashion business, luxury brand management, marketing, and related fields of international business while also providing a broader range of executive education programs. GCU New York will be a vital hub which combines the best of European education with the energy and creativity innate to NYC.
Studley’s Executive Managing Director Paul Revson and Corporate Managing Director Zev Holzman, along with Associate Ryan Rafter represented the GCU in the transaction, while Marc Simon of Isaacs and Co. represented the landlord, Zar Properties. Asking rents were in the $230 per square foot range.
Glasgow Caledonian can trace its origins back to 1875 through its founding colleges and has become one of the largest universities in Scotland with nearly 17,000 students from over 100 different countries.