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Lee & Associates Negotiates 10-Year Lease for School

03/07/2012, By Betsy Kraat


Lee & Associates Negotiates 10-Year Lease for School

NEW YORK CITY—Lee & Associates NYC, representing Sweden’s Kunskapsskolan schools, negotiated a 10-year lease for 15,000 sq. ft. on the third floor at 38 Delancey Street on the Lower East Side. Innovate Manhattan, a charter middle school, which includes grades 5 through 8, is the company’s first leased school in the U.S.

According to Peter Braus, managing principal of Lee NYC, who brokered the deal for Kunskapsskolan, the Stockholm-based company operates 34 schools in Sweden and in the United Kingdom.

In September of last year, Innovate Manhattan Charter School opened in New York City Community School District 2 in Manhattan. The school initially served 132 students in 6th and 7th grades, where it now serves approximately 198 students in 6th through 8th grades. Innovate Manhattan provides a unique program for personalized education aligned to New York State standards and best practices, based on the Kunskapsskolan Education (KED) program. In November of 2010, the State University of New York Board of Trustees voted to approve the application to establish the Innovate Manhattan Charter School.

Michael Chen of Bond New York represented the landlord.

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