1.44-Acre Ground Lease Completed at Orange County Community College District in Tustin for Construction of 14,400 SQFT Preschool

NAI Capital Commercial, Orange County, Tustin, South Orange County Community College District ATEP, Goddard School, Advanced Technology and Education Park

Irvine, CA – NAI Capital Commercial is pleased to announce that Executive Vice President David Knowlton, SIOR, CCIM, and Senior Vice Presidents Kirby Greenlee and Mariko Beaver completed a 75-year ground lease for 1.44 acres at South Orange County Community College District ATEP campus in Tustin, California. David, Kirby, and Mariko represented the landlord, South Orange County Community College District. The transaction was valued at $27.3 million.

The South Orange County Community College District (SOCCCD) Board of Trustees approved the ground lease with PJRJPA Venture LLC to build a Goddard School on the District’s Advanced Technology and Education Park (ATEP) located in the Tustin Legacy area. 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 14,400 square foot 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 Goddard School has a great reputation of being an exemplary educational environment for infants, toddlers, and young children before entering kindergarten,” said SOCCCD Chancellor Julianna M. Barnes,Ed.D. “Given the childcare needs that have increased as a result of the pandemic, the Board of Trustees proudly supported an additional early childhood education facility option in the area for families.”

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.

Kirby said, “The Goddard School focuses on early childhood development and will be an important partner at ATEP for the parents involved with the SOCCCD as well as the surrounding communities.”

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