Educational Networks, Inc. will be moving from its office on John Street to Savanna’s 80 Broad Street.
The private educational services firm will move into a 5,790 square foot unit on the 25th floor of the building. The lease was set for six years.
Robert Corbi of Colliers International represented Educational Networks in the deal. Hal Stein, Adam Leshowits, and Todd Stracci of Newmark (NMRK) Knight Frank were on the opposite side of the table representing Savanna.
The building, 80 Broad Street, was built in 1935 between Stone and Beaver Streets and stands as a 36-story 420,000 square foot building.
“Savanna acquired 80 Broad Street in September of 2011 and immediately took the building off the market to implement a major capital improvement program, which includes a $19 million investment in building improvements and renovations to tenant spaces,” Todd E. Korren, a principal at Savanna, noted about the building in response to an older lease deal, “Savanna’s capital improvement plan also includes comprehensive building upgrades with fully modernized elevators, a renovated lobby with enhanced lighting and restored stone detailing, refurbished common area bathrooms, and new common corridors.”
Educational Networks, Inc. offers a proprietary web-based Content Management System (CMS) to K-12 schools. The company is based in New York, but has worked on public, private, and charter schools and districts across the nation. Their system, named SchoolSitePro, is considered a Software-as-a-Service program in that the customers simply come to Educational Networks with their content and the firm handles all of the technical aspects.
