Educational Day Care Opening Its First Manhattan Center in Tribeca
Childcare chain Kiddie Academy has inked a deal for a new outpost at 70-72 Reade Street in Tribeca.
A franchisee of the nationwide children’s education business leased 13,500 square feet for 15 years in the basement and on the lower level, ground floor and second floor of the condominium between Church Street and Broadway, according to a release from Colliers International. Colliers wouldn’t disclose the asking rents. The facility is set to open in early 2018.
Kiddie Academy, which has 180 franchised locations in 24 states, offers educational childcare for kids ranging from 6 weeks to 12 years old. The Tribeca outpost will be the first one in Manhattan, but there are franchised locations in Flushing, Whitestone and Williamsburg.
RKF’s Andrew Stern and Scott Zinovoy represented the owner, New Jersey-based office landlord ML7, in the transaction. Colliers’ Timothy G. Pond, Matthew Kuchar and Jordan Baruch represented Kiddie Academy.
ML7 is renovating both the residential and commercial condo portions of the building on Reade Street, according to the release.
Update: This story has been updated to remove the projected asking rents for the retail space, which were out of date.