A rendering of a new charter school at 39-53 East 34th St. in Paterson — Courtesy: Transwestern Real Estate Services
By Joshua Burd
A charter school system has acquired a former industrial building in Paterson that it will use as its newest location, according to brokers with Transwestern Real Estate Services.
The operator, Paterson Charter School for Science and Technology, paid $2 million for the 18,660-square-foot structure at 39-53 East 34th St., the brokerage team said. It now plans to use the facility to serve some 300 students in grades two and three, with plans to open for the 2021-2022 academic year.
Transwestern partners Lindsay Ornstein and Stephen Powers, along with Executive Managing Director Arthur Skelskie and Leslie Florio, formerly of the firm’s New Jersey office, represented PCSST in its acquisition. Mitch Roman of Cresa represented the seller, Cobert Realty LLC.
“Our new campus supports PCSST’s ongoing commitment to bringing the highest level of educational programs to the children and families of Paterson,” said Riza Gurcanli, lead person of PCSST. “We are very excited by the opportunities presented by this building purchase, which will allow us to create a state-of-the-art facility to our specifications that will directly address the academic needs of our students.”
The project team includes NorthStar Owners Representation and SephAri Design, Transwestern said. The firm noted that the former textile manufacturing and warehouse facility, which sits on 1.1 acres, will provide a space that offers high ceilings, abundant natural light from renovated windows and a new playground.
The charter school currently has three locations.
“We are pleased to have helped PCSST with the acquisition of this building, which positions the school to provide a terrific learning environment to the students in Paterson,” Skelskie said. “We were able to structure a deal that works well for both parties and supports PCSST’s mission and long-term goals.”
