For-profit Whittle School inks lease for Tishman Speyer’s The Wheeler

The school, a franchise of Chris Whittle, will take 620K sf at Downtown Brooklyn redevelopment

TRD New York /
Feb.February 05, 2020 10:32 AM
The Wheeler at 181 Livingston Street with Tishman Speyer's Rob Speyer (Credit: The Wheeler, Getty Images)

The Wheeler at 181 Livingston Street with Tishman Speyer’s Rob Speyer (Credit: The Wheeler, Getty Images)

The private, for-profit Whittle School and Studios has inked a long-term lease for the entire office space of Tishman Speyer’s The Wheeler in Downtown Brooklyn. The deal comes almost a year after negotiations began.

The Whittle School, a franchise of education entrepreneur Chris Whittle, inked the 20-year lease to occupy the 620,000-square-foot space at the 10-story development, according to Commercial Observer.

Asking rents at the building were between $60 and $70 a square foot when the The Real Deal first reported on the negotiations last March.

Tishman Speyer has been redeveloping the site at 181 Livingston Street since 2016, when it finalized a $270 million deal for the property with Macy’s.

Chris Whittle is also behind the Avenues School in West Chelsea, where the operation has been credited with boosting home prices. Tuition for Avenues School for the 2019-2020 school year is over $56,000.

The Whittle School and Studios plans to open 36 campuses around the world by 2026, including 11 in China. At the Downtown Brooklyn location, the school is planning to open part of its campus this year, while the kindergarten to 12th-grade program will launch in September 2021. [CO] — David Jeans 


Related Articles

arrow_forward_ios
From left: Tishman Speyer CEO Rob Speyer, Fiorello LaGuardia and Robert Moses. Inset: Hiten Samtani and Charles Bagli (Getty Images, Wikipedia Commons)

Tuna fish sandwiches and billion-dollar deals: Charles Bagli on other people’s money and the next life of New York

Tuna fish sandwiches and billion-dollar deals: Charles Bagli on other people’s money and the next life of New York
From left: Rockefeller Group CEO with 1221 6th Avenue and Tishman Speyer CEO Rob Speyer with 630 Fifth Avenue (Credit: Google Maps; Rockefeller; Drew Angerer/Getty Images)

Big law firm lease falls through at Tishman Speyer’s 630 Fifth

Big law firm lease falls through at Tishman Speyer’s 630 Fifth
The Spiral and Debevoise presiding partner Michael W. Blair (Credit: Tishman Speyer)

Debevoise signs big lease at Tishman Speyer’s Spiral

Debevoise signs big lease at Tishman Speyer’s Spiral
Related chairman Stephen Ross with 30 Hudson Yards, 1633 Broadway and 55 Hudson Yards (Credit: Getty Images, Paramount, Wikipedia)

Here were NYC’s largest real estate finance deals of 2019

Here were NYC’s largest real estate finance deals of 2019
50 Rockefeller Plaza and Katten's Chris DiAngelo (Credit: Google and Katten)

Katten law firm moving to Rockefeller Center

Katten law firm moving to Rockefeller Center
Clockwise from the top left: Jackson Park at 28-40 Jackson Avenue, 240 Willoughby Street in Fort Greene, 664 Pacific Street in Brooklyn, and 247 Metropolitan Avenue in Williamsburg (Credit: StreetEasy, Google Maps, Pacific Park Brooklyn, The Pod Hotel)

These were the top 10 outer-borough loans last month

These were the top 10 outer-borough loans last month
Jackson Park at 28-40 Jackson Avenue and Tishman Speyer's Rob Speyer (Credit: StreetEasy and Tishman Speyer)

Tishman Speyer locks in $1B in financing for Jackson Park

Tishman Speyer locks in $1B in financing for Jackson Park
Tishman Speyer CEO Rob Speyer and IMCO Ceo Bert Clark with New York and Los Angeles (Credit: Getty Images and IMCO)

Tishman Speyer joins with Canadian investment vehicle to boost portfolio in gateway cities

Tishman Speyer joins with Canadian investment vehicle to boost portfolio in gateway cities
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...