The Goddard School, one of the most prestigious early childhood education and childcare learning centers in the U.S., was seeking an intown Atlanta location for one of their franchisees, Learning and Beyond. Adding to the challenge of an intown location were the requirements of an 8,000 – 10,000-square-foot space with a 5,000-square-foot playground.
Seasoned tenant rep brokers Ted Schwartz and Shea Meddin got to work quickly, performing an extensive market search that resulted in a few viable options. The winning choice, while perfectly suited to meet the client’s needs, was already leased. However, since the tenant was in default, the Ackerman duo carefully navigated the deal to where Goddard could replace the defaulting tenant and sign a long-term lease.
The one-of-a-kind deal resulted in:
- Prime Midtown Atlanta free-standing location (12th & Spring Street).
- 8,000 square feet on 2 levels, covering 0.6 acres.
- Great rental rate and above market concessions (sufficient for client to reach enrollment capacity before rent begins).
- Creative parking structure to accommodate parent and employee parking.