Cresthill Academy Doubles Presence in Hoboken with Expansion Lease
When combined with its existing space at the adjacent 1330 Frank Sinatra North, the expansion deal nearly doubles the child care center’s operations within The Shipyard mixed-use residential and retail development.
HOBOKEN, NJ—Cresthill Academy has signed an expansion lease at The Shipyard complex that nearly doubles its space on the waterfront here.
Commercial brokerage firm JLL reports Cresthill Academy signed a 15-year lease for 7,096 square feet of retail space at the North Constitution building at 1300 Frank Sinatra North with building owner Ironstate Development. When combined with its existing space at the adjacent 1330 Frank Sinatra North, the expansion deal nearly doubles the child care center’s operations within The Shipyard mixed-use residential and retail development.
Ironstate Development, was represented in-house by Jesse Munoz, retail commercial manager, and by Blake Shanaphy, associate, with JLL. The tenant was represented in-house.
“The larger premises space will allow the organization to offer a wider variety of products and services, and the contiguous space made this expansionary project very convenient for both tenant and landlord,” says JLL’s Shanaphy. “Cresthill Academy is keeping the commercial grade kitchen that was part of McCloone’s Boathouse, the restaurant that previously occupied the new space. The childcare provider plans to provide healthy, precooked prepared meals for busy parents and children.”
Cresthill Academy maintains a location in Downtown Hoboken, as well as in Harrison, East Hanover and Lyndhurst.
The 13-story North Constitution was designed by DeWitt Tishman Architects LLP and constructed in the late 1990s into the 2000s. The multifamily property features 170 luxury condominiums.