Colliers Represents Educational Child Care Provider in Tribeca Lease

New York, November 28, 2017Kiddie Academy®, a nationally recognized franchisor of comprehensive educational child care programs, will soon offer Manhattan residents the opportunity to enroll their children in a new Academy located at 70-72 Reade Street in Tribeca. The franchisee of Kiddie Academy of Tribeca recently leased approximately 13,500 square feet of space in the building in a transaction arranged by Timothy G. Pond, Matthew Kuchar and Jordan Baruch of Colliers International. RKF’s Andrew Stern and Scott Zinovoy acted as agent for the building owner.

Kiddie Academy currently has multiple franchised locations in the Tri-State, including Williamsburg, Flushing, Whitestone, Secaucus and Hoboken, among other areas, but 70-72 Reade Street will be the first location to open in Manhattan. The franchisee chose Tribeca for its family-oriented environment, and this particular location for its ability to accommodate classrooms, play and dining areas, and other child care uses in a cohesive unit. It is also just three blocks from the Washington Market Park, a child-friendly park with an abundance of jungle-gym equipment already in place. The space formerly housed the famous MacKenzie Door Company, an institution that owned the space for more than 70 years until it sold the site to real estate developer ML7 in 2015. ML7 is renovating nearly 32,000 square feet at the property into new commercial spaces, storefronts and luxury residential condominiums.

Kiddie Academy of Tribeca will serve today’s families that are increasingly choosing to remain in Manhattan in lieu of moving to the suburbs, and looking for quality, educational-based childcare to help prepare them for the future. Kiddie Academy, founded in 1981, began with the idea to combine learning with child care, and made a commitment to be a leader in the industry. Kiddie Academy has developed a comprehensive educational child care program for its academies, which are structured to respond to the increasing demand for child care. This location will utilize a curriculum created to promote each child’s intellectual, social, physical and emotional growth. The programs will emphasize continuous, open communication between teachers and parents concerning each child’s development.

Kiddie Academy of Tribeca expects to open the 70-72 Reade Street academy later in 2018.

 

-- End --

 

About Kiddie Academy®

Since 1981, Kiddie Academy has been a leader in education-based child care. The company serves families and their children ages 6 weeks to 12 years old, offering full time care, kindergarten, before- and after-school care and summer camp programs. Kiddie Academy’s proprietary Life Essentials® curriculum, supporting programs, methods, activities and techniques help prepare children for school and for life. Kiddie Academy is using the globally recognized AdvancED accreditation system, signifying its commitment to quality education and the highest standards in childcare. For more information, visit www.kiddieacademy.com.

About Kiddie Academy® Franchising

Kiddie Academy Domestic Franchising is based in Maryland and has 200 open academies located in 27 states, including the District of Columbia. With 40 more Academies expected to open in 2018, Kiddie Academy’s network will grow to more than 240 open and operating locations next year. For more information, visit www.kiddieacademyfranchise.com.

About ML7

ML7 is a family of private real estate investment, development, management and construction companies with offices in Princeton, New Jersey and New York City. Recognized for many of its successful projects, ML7’s entrepreneurial culture advanced company growth making it a strong regional real estate developer. ML7 is particularly known for recreating architecturally interesting properties and adding value through advanced design, reconstructions and repositioning.

About Colliers International Group

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.

For further information, please contact:

Mary Ryan, Colliers International, 212-716-3508 or mary.ryan@colliers.com