The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 24, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
The Goddard School Signs Ground Lease for 1.44 Acres at South Coast Orange County Community College


PJRJPA Venture LLC inked a 75-year ground lease for 1.44 acres at South Orange County Community College District ATEP campus in Tustin for use as Goddard School. The transaction was valued at $27.3 mil.

The primary period of the ground lease is for 75 years, with a one-time right to extend the primary period of the lease for an additional 24 years, for a total of 99 years. The ground lease approval kick-starts the construction of a 14.4k sf educational preschool with ancillary childcare services, outdoor play areas, a parking lot, and associated infrastructure improvements. The project site consists of 1.44 acres within the approximately 61.4-acre ATEP site. The school is planning to open Fall 2023.

The presence of the Goddard School adjacent to the community college campus will provide opportunities for learning and development for both the children in attendance and the community college students. With proximity to shopping, transportation, and medical services, the Goddard School is primed to be an accessible location that can address vital childcare needs for Tustin and surrounding areas for years to come.

David Knowlton, SIOR, CCIM, Kirby Greenlee and Mariko Beaver with NAI Capital Commercial represented the landlord, South Orange County Community College District, in the transaction.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media