Educational institutions from around the world eager to establish beachheads in New York are helping stoke demand for office space in Manhattan.
In the latest example, Glasgow Caledonian University, a Scottish school that traces its origins back to 1875, is opening its first U.S. campus in SoHo. The school has signed a 13,500-square-foot lease at 64 Wooster St., owned by Zar Properties.
Glasgow Caledonian began searching for a space in January, focusing on neighborhoods like SoHo, TriBeCa and Greenwich Vilage, says Zev Holzman, of Studley Inc., who represented the school in the leasing deal along with Paul Revson and Ryan Rafter.
The campus will be configured into four or five large classrooms, with about 20 students per room, he says. "The space had to have an aesthetic that mirrored the university's philosophy, which is cutting-edge global education," says Mr. Holzman.What's the Deal: NYC: A College Town
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