NAI KLNB has brokered a lease with Kiddie Academy Child CareLearning Centers of Alexandria for approximately 10,000 square feet of space at 1000 Bernard Street in Alexandria, Virginia. Jack Regler, Senior Director of NAI KLNB represented the landlord, Galena Capital Partners with the tenant represented by Brandon Howard of Divaris Real Estate in this transaction.
Kiddie Academy, which operates approximately 150 locations nationally, is a franchise concept that provides child care and educational services for children aged six weeks to twelve years. Founded in 1981, the programming includes educational curriculum, music-based programs and summer camps.
“The greater Alexandria area is significantly under-served by daycare providers, with many existing concepts operating with a waiting list that extends several years long,” explained Jack Regler of NAI KLNB. “The need for quality daycare and educational centers will become increasingly pronounced given the velocity of new residential development that is targeted for the North Old Town, Del Rey and Potomac Yard sections of Alexandria. This use will help fill a critical need and represents an excellent long term tenant for the landlord.”
The majority of the office building will be converted into classrooms for daycare and educational use, with one of the fenced parking lots contained adjacent to the project adapted to an outdoor play area. The plans and permitting process are currently underway, and Kiddie Academy plans to open the facility in March 2017.
Galena Capital Partners is an Alexandria based investment firm founded in 2012, specializing in value added real estate, including commercial & residential properties in the Washington D.C. metropolitan area.
Founded in 1968, KLNB, LLC is comprised of two real estate services companies that includes NAI KLNB, a division that focuses on the sale and leasing of commercial office, industrial and warehouse properties, as well as KLNB Retail, which specializes in the sale and leasing of retail properties as well as tenant representation. KLNB is a joint venture in Paragon Commercial Property Management, a full-service provider of commercial real estate property and asset management services. In addition, the company formed a joint venture partnership with ColumbiaNational Real Estate Finance, LLC to create Arris Realty Capital, an entity that provides real estate financing options.
KLNB, LLC provides a full range of integrated brokerage, sales, financial, investment and strategic advisory services to the commercial office, industrial and retail marketplace. Headquartered in Towson, MD, the other four full-service offices are located in Columbia, MD; Washington, D.C., as well as Tysons Corner and Dulles, Virginia. For additional information visit www.klnb.com
