LePort Schools to Open First Location in Downtown San Francisco

50 Fell ImageSan Francisco—LePort Schools (LePort), an Orange County, Calif.-based private school group, signed a 15-year lease for the entirety of 50 Fell Street in downtown San Francisco, marking its first location in Northern California. LePort will debut its authentic Montessori program for children ages 3 months to 6 years in September 2014, after a multi-million-dollar renovation to the property.

Built in 1931, the 23,604-square-foot, four-story building between Van Ness Avenue and Market Street, features classic architectural design and a private outdoor courtyard.

“The ability to convert the outdoor courtyard to playground space and immediate access to the Van Ness Muni station make 50 Fell an ideal site for LePort’s first school in San Francisco,” said Nick Carey, a managing director with Newmark Grubb Knight Frank (NGKF) in Newport Beach, Calif., who represented LePort with local partner Shannon Dolan, a vice president at Cornish & Carey Commercial Newmark Knight Frank in San Francisco. “The influx of residents in the immediate area and location within a burgeoning tech center were also significant factors in site selection.”

The property is located near 4,500 new residential units, including those at 100 Van Ness, a 600,000-square-foot office to residential conversion directly adjacent to 50 Fell Street. Twitter, Uber, Yammer, One Kings Lane, Square, Call Socket and Zendesk are just a few of the employers in the immediate area.

“San Francisco parents are very excited about this new Montessori school,” said Ray Girn, CEO of LePort Schools. “Dozens of parents have been attending our monthly preschool info sessions, and enrollment for fall is strong: our Spanish immersion toddler program is already filled, and only a few spots remain open in the English toddler and Spanish-immersion preschool program. It’s been great to see that parents in San Francisco value what we offer: a high-quality Montessori experience, with highly trained teachers, in a beautiful, carefully-prepared environment.”

LePort (www.LePortSchools.com) currently serves more than 900 children on nine campuses across the state. Mr. Carey is scouting other possible locations in similar densely populated areas.

Michael Monroe, a senior vice president at Colliers International, represented the landlord, Casa Terranova LLC, in lease negotiations.

About Cornish & Carey Commercial Newmark Knight Frank

A dominant regional real estate force since 1935, Cornish & Carey Commercial Newmark Knight Frank has an expansive reach as part of one of the largest commercial real estate service firms in the U.S. Regionally, Cornish & Carey Commercial Newmark Knight Frank has more than 310 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.ccareynkf.com.

About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 12,000 professionals, operating from more than 320 offices in established and emerging property markets on five continents.

With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.

NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.

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