School Leases 50,000 SF in Lower Manhattan Office Building

80 Maiden Lane/ Image credit: PropertyShark, photo taken by Christopher Bride

NEW YORK CITY—Quad Preparatory School is expanding. The college prep school for gifted children with learning disabilities is moving its middle and high school into 50,000 square feet at AM Property Holding Corporation and Normandy Real Estate Partners’ 80 Maiden Lane. The school plans to open at the new location in September 2019. The building’s asking rents range from $55 to $62 per square foot.

Although the space met the school’s needs, there was hesitation about bringing it into an office building. However, AM Property agreed to convert the building’s entrance at the back side at 19 Cedar St. to a dedicated entrance for the school. With its own elevator and stairway, the school will separate the students from the office tenants.