7 Seventy House at 770 Jackson St. in Hoboken — Courtesy: Cushman & Wakefield
By Joshua Burd
A childcare center is taking more than 14,000 square feet at the base of a new luxury apartment building in Hoboken, brokers with Cushman & Wakefield announced Tuesday.
The operator, the Mile Square Early Learning Center, has signed a 20-year lease at 770 Jackson St. The facility will occupy more than half of the retail space at what’s known as 7 Seventy House, offering more than a dozen classrooms and an administrative office component.
C&W’s Alana Friedman, David Townes, Neil Seth and Rob Kuppersmith represented ownership, a joint venture of Bijou Properties and Intercontinental Real Estate Corp. Elizabeth Rakela of Keller Williams and Harrison Russell of Newmark Knight Frank represented the tenant in the 14,032-square-foot commitment.
“We are pleased to welcome the Mile Square Early Learning Center to the property,” Friedman said. “This transaction is indicative of the ever-increasing demand for learning facilities to service families of Hoboken.”
Established in 1979, the Mile Square Early Learning Center provides early childhood services for residents of Hoboken, according to a news release. The organization has five other locations across the city, including 215 9th St., 301 Garden St., 158 4th St., 310 Jefferson St. and 1100 Willow Ave.
Its newest location is at the base of a 14-story building with 424 apartments. It’s also part of a growing residential neighborhood in western Hoboken, which has more than 1,000 apartments in a three-block radius and is across from Hudson-Bergen Light Rail service.
