Morristown-based private real estate firm The Hampshire Companies announced Thursday it has sold its 11,289-square-foot learning center to Garden Academy Inc., a nonprofit school specializing in the treatment of Autism.
According to the announcement, Garden Academy will move from its previous location in Maplewood to its new space at 627 Mount Pleasant Ave. in West Orange.
“We were inspired by the superior work and dedication that Garden Academy provides to the children in northern and central New Jersey in need of specialized education which is why we selected the school as the purchaser from a pool of qualified buyers,” Igor Derbaremdiker, senior investment manager for Hampshire, said in a prepared statement. “For us this was more than a real estate transaction. It was important for us to help Garden Academy find a permanent place where the school and its students could continue to grow.”
The property is situated on 2.31 acres and was formerly a learning and daycare center, the announcement said.
NAI James E. Hanson, Inc. represented Hampshire in the transaction.
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