Newmark Announces New and Expanded Lease for West Side Montessori School

October 10, 2024 9:00 AM

Newmark announces a new and expanded lease for the West Side Montessori School (WSMS). The expanded location spans 11,400 square feet across three floors at the newly constructed Dahlia condominium building at 212 West 95^th Street on Manhattan's Upper West Side.

Newmark was the sole broker on the transaction, with Executive Managing Director Justin DiMare representing the owner, United Management Corp., and Managing Director Neal Ohm and Director Michael Cohen representing the tenant.

"This transaction overcame several challenges in the two years it took to complete, " said Ohm. "We are looking forward to seeing WSMS expand in this prime location and enhance the educational experience for students."

WSMS, founded in 1963, is a private, non-profit institution that has historically provided a Montessori education for children ages two to six. With the expansion, WSMS will also serve infants and toddlers to meet the growing demand for Montessori education in the neighborhood. The school offers a comprehensive curriculum integrating academic learning with social and emotional development, emphasizing creativity, independence and respect. WSMS is dedicated to fostering a diverse and inclusive community, encouraging exploration and cultivating a lifelong love of learning.

Dahlia, designed by CetraRuddy Architecture, offers a vibrant, modern presence while maintaining the classic charm of the Upper West Side. The building features amenities such as private on-site parking and smart home capabilities.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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