Spence School buys UES property for $26.1M

(Updated at 4 p.m. with statement from Spence School.) The Spence School, an exclusive private school for girls, has
purchased a property at 412 East 90th Street for $26.1 million, the
New York Observer reported. The property is several blocks from its
main campus at 22 East 91st Street. It was purchased from Hertz Corporation
and includes a parking lot, according to the Observer. The school purchased the property for a future athletic program facility, it said in statement. The school does not have any immediate plans for the renovation and use of the building and will
be engaging in a planning process for its future utilization, according to the statement.

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The school owns another building at 17 East 90th Street, which it bought in 2008. As previously reported, it had plans to build a glass atrium to that location from its main campus, a plan that met with opposition from residents. [NYO]

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