Savills Studley negotiates 55,000 s/f lease for Dearborn Academy

Boston, MA Savills Studley, a leading commercial real estate services firm specializing in tenant representation, has arranged the  relocation of two nonprofit organization Schools for Children Inc. in the greater Boston area. The Savills Studley team negotiated a 55,000 s/f lease for Dearborn Academy, a special education therapeutic day school, at 575 Washington St. in Newton. With this new lease, Dearborn will move into the space formerly occupied by the CATS Academy this fall. This move will allow the Lesley Ellis School, an independent school serving children in preschool through 8^th grade to move from the former Gibbs Building at 41 Foster St. to 34 Winter St. in Arlington, a building owned by Schools for Children.

Savills Studley’s managing director Steve Woodworth represented Schools for Children in the long-term transactions, and negotiated with the landlord, the Roman Catholic Archdiocese of Boston,

“Planning for the move of two schools a virtually the same time was a large undertaking for Schools for Children. We were able to secure a site for their specific needs, and create a pathway to occupancy that worked perfectly for both educational organizations,” Woodworth said.

“575 Washington Street is a one-of-kind school building that provides everything: modern classroom space, ample administrative offices, a high quality cafeteria, auditorium, gymnasium and recreational spaces, while students and faculty at the Lesley Ellis School will benefit from Dearborn’s former space in Arlington. It’s truly a win-win.”

Established in Massachusetts in 1981, Schools for Children Inc. was incorporated as a not-for-profit organization when Lesley College divested itself of the lab schools operated by its education department. Today, the organization enrolls more than 350 students in various schools and programs.

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services.  With 27 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.