The New York City Charter School for the Arts has inked a sublease to move its campus to Chetrit Group’s 26 Broadway, according to tenant broker Savills Studley.
The performing and visual arts school is relocating from the fourth floor of a city Department of Education-owned building at 440 West 53rd Street to part of the 12th floor in the 32-story building between Beaver Street and Exchange Place. It will occupy 26,208 square feet on a long-term sublease from New York Film Academy (NYFA), per a release from Savills Studley. Asking rent and length of lease weren’t disclosed, but CoStar Group data indicates that the film academy’s lease runs through 2030.
Savills Studley’s Marc Shapses, Roi Shleifer and Seth Wasserman represented New York City Charter School of the Arts in the transaction. Howard Kessler of Newmark Knight Frank represented sublandlord NYFA in the deal and didn’t immediately respond to a request for comment via a spokesman.
“NYC Charter School of the Arts needed a long-term home where its students could learn and grow,” Shapses said in prepared remarks. “With collaboration and support from NYFA and building landlord Chetrit, we were able to bring the school Downtown with an ideal agreement that will fuel the organization and its students for years to come.”