Nonprofit family advocacy organization The Marillac House was represented pro bono by Jones Lang LaSalle's Fred Schuler and Ben Erskine, while Greg Gerber, chairman of the Learn Charter School's Board of Directors, also assisted in the deal.
"We were really pleased that we could help Marillac House by identifying a new revenue source, and at the same time bring together two organizations with complementary missions," says Schuler, managing director with JLL. "There are a lot of opportunities in the marketplace for companies – both for profit and non-profits – to save money on overhead costs such as real estate. The opportunity lies in being creative and thinking outside the box."
The school's first 17,000 square feet will house kindergarten through 3rd grade classes, and it plans to lease more space for additional grade levels in the coming years. This expansion marks the third location in the city for the Learn Charter School, which plans to open 13 more facilities over the next decade.
"Marillac House provides Early Child Education for children 15 month to 5 years and an after school program, and LEARN starts with Kindergarten through 3rd grade, the two organizations complement each other in serving children and families in the same facility," Sister Renee Rose, Daughter of Charity and former CEO of Marillac, says.
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