New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Transwestern Reps Charter School in Bronx Leasehold
Transwestern Real Estate Services (TRE) represented Zeta Charter Schools in a 65,000-square-foot deal for a new elementary school at 1910 Arthur Ave. in the Bronx. Called Zeta Bronx Tremont Park Elementary, the school is scheduled to open August 2021 for the 2021-2022 academic year, and will ultimately serve students in pre-K through fifth grade.
TRE partners Lindsay Ornstein and Stephen Powers, and VP Thomas Hines, negotiated a leasehold condominium deal on behalf of the charter-school operator. Transwestern also represented Zeta in its 98,000-square-foot deal at 425 Westchester Ave. in the South Bronx for Zeta Bronx 1, also expected to open for the 2021-2022 academic year.
“By selecting an experienced development partner with an existing building that can be converted quickly for school use, we were able to save Zeta Charter Schools significant time and expense in delivering Zeta Bronx Tremont Park Elementary to the community,” said Ornstein.
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
