Emily Bader//April 11, 2016//
Kiddie Academy is the latest to lease space at a 34,000-square-foot, two-story office building in Morris County, according to Cushman & Wakefield.The real estate services firm said in a prepared statement that its East Rutherford-based team of David DeMatteis, Jeffrey Prezant and Mina Shehati represented property owner DRA 350 Main LLC in the 11,570-square-foot transaction located at 350 Main Road in Montville.
Kiddie Academy was represented by David Schwartz of APREA Inc.
“On behalf of the community, we are very excited for this use,” Prezant said in a prepared statement. “Three additional day care brands approached us as we were negotiating for this space. After closely examining the different day care groups, we chose Kiddie Academy for its quality and caring of these children, and felt most comfortable having them as a tenant.”
There is still 13,000 square feet of space available, Cushman & Wakefield said.
“We are looking for complementary medical tenants — a pediatrician or other doctors,” DeMatteis said in a prepared statement. “We have had a great deal of interest from different medical groups that could interface with Kiddie Academy and the pediatric dentist.”
“The high density of parking, five cars per 1,000 square feet, makes it ideal for any kind of medical use,” said DeMatteis. “There is also a tremendous amount of plumbing in the building, which works well for medical users.”
“The lease with Kiddie Academy is a game changer for the property and sets the tone for future tenancies that are compatible with their use alongside the pediatric dentist,” Nicholas Minoia, managing partner, DRA, said in a prepared statement.