Charter School Leases 72K SF in Hanover, Md.
By Keith Loria August 22, 2022 12:51 pm
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The Chesapeake Lighthouse Foundation, which operates the Chesapeake Science Point Charter network of schools, will open its first elementary school in Anne Arundel County, inking a 72,120-square-foot lease in Arundel Overlook, a 68-acre planned community in Hanover, Md.
St. John Properties owns the project.
Maryland’s largest charter school operator with STEM-focused curriculum will occupy two full buildings, located at 1503 and 1513 Signature Drive, in the fall of 2023. No lease terms were disclosed.
“The location of the school is ideal,” Glenda Washington, director of communications for Chesapeake Science Point Charter, told Commercial Observer. “It’s not very far from our current Chesapeake Science Point middle school/high school, and some of our current parents are interested in sending their elementary age students to our new CSP Elementary School and the location would make it easier for them to get from one school to the other.”
The school will initially open with around 380 students and 30 staff, before reaching an enrollment of 576 students at full capacity by 2028.
Arundel Overlook is located near BWI Airport, adjacent to MD Routes 100 and 295, as well as Interstate 95.
Both 1503 Signature Drive and 1513 Signature Drive are single-story buildings containing 42,120 and 30,000 square feet of flex/R&D space, respectively. Each boast 18-foot ceilings, dock or drive-in rear loading, and are surrounded by surface lots for free parking.
“The flexible layouts of both buildings will enable Chesapeake Science Point Charter to execute its layout featuring multiple classrooms, group learning centers, recreational spaces and administrative offices,” Matt Lenihan, senior vice president for leasing for St. John Properties, said in a prepared statement. “Arundel Overlook’s central location off several major highways will also serve as a valuable amenity to help recruit students and teachers from an expansive radius.”
Chuck Breitenother and Austin Eber of NAI KLNB represented the tenant, while Lacey Johansson of St. John Properties represented the landlord in the deal. Further terms of the lease were not disclosed.
Keith Loria can be reached at Kloria@commercialobserver.com.
