-- Pre-school taking 9,000 square feet of community facility space at 282 South Fifth Street in Williamsburg--
Eastern Consolidated’s Retail Leasing Division has arranged a 15-year, 9,000-square-foot lease for Kiddie Academy® in a new residential building under development at 282 South Fifth Street in the Williamsburg section of Brooklyn.
Kiddie Academy is scheduled to open in early 2017 in the community facility space on the first and second floors of the 82-unit building.
Eastern Consolidated Senior Director and Principal James Famularo, and Director Ravi Idnani represented Kiddie Academy, while Peter Schubert of TerraCRG represented the developer/owner.
“This bustling Williamsburg location is ideal for a pre-school because so many families are moving into the area,” Famularo said. “By delivering a high quality, education-based child care program, Kiddie Academy will provide a much-needed amenity for residents living in the building and the surrounding neighborhood.”
Famularo noted that Eastern Consolidated’s Retail Leasing Division has arranged over two dozen leases for educational facilities throughout New York City including daycare centers, pre-schools, language centers, dance studios, and other enrichment programs.
Idnani added, “The need for quality childcare is so great that we are continuing to work with the owners of this Kiddie Academy franchise to identify additional locations in Brooklyn.”
The building at 282 South Fifth Street is conveniently located near transportation on the J, M, and Z trains at the Marcy Avenue subway station. Neighboring tenants include Planet Fitness, Dime Bank, and Chase Bank.
The first Kiddie Academy opened in 1981 in Baltimore, and Kiddie Academy franchises are currently operating or are in development in 21 states. Each Kiddie Academy location uses a developmentally-appropriate, education-based, proprietary curriculum designed to promote each child’s intellectual, social, physical, emotional and language development.
Eastern Consolidated
Powered by a highly skilled team of over 80 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. For more information, visit www.easternconsolidated.
