$18.6 million development is fund’s 33rd overall school project across the U.S.
ESJ Capital Partners, LLC, a full service asset management firm based in Aventura, Florida, announced the groundbreaking of Avant Garde Academy Westchase in Tampa, Florida.
Located at 13901 Sheldon Rd., Tampa, Florida, the school will be ESJ’s second wholly-owned property serving Avant Garde Academy, and brings the diversified fund’s overall portfolio of charter schools across the nation to 27.
The $18.6 million project includes nearly 67,000 square feet of educational space to be built in two phases. It is inclusive of a gymnasium, which is generally a scarce feature among charter school facilities.
Avant Garde Westchase will be a K-8 school, and will open as a K-6 school for the 2017-2018 school year. Emphasis will be made on all aspects relating to Science, Technology, Education, Arts, and Mathematics (STEAM).
Alliance Education Services will provide curricular support and planning for the new school, which is currently taking applications for Fall 2017-2018 school year.
Alliance Education Services provides a wide range of support to public charter and private school programs, empowering schools and their faculty and with research-based expertise, educational best practice and curricular programs necessary to achieve success. This will be the 7th school within the Alliance Education Services portfolio.
The groundbreaking was attended by Arnaud Sitbon, President and CEO of ESJ, Elie Mimoun, Chief Operating Officer and Head of the Portfolio of ESJ, and Jennifer Lucas, Chief Academic Officer of Alliance Education Services.
“This groundbreaking marks another milestone that places ESJ at the forefront of strategic partnerships that ultimately serve communities and meets their most pressing needs,” said Sitbon. “Being a part of a movement that increases opportunities for children is a driving factor that reflects ESJ’s values in strengthening collective relationships to break ground on additional charter schools.”
“We are very pleased to partner with an entity as committed to education as ESJ,” adds Jennifer Lucas, Chief Academic Officer of Alliance Education Services. “The ability to marshal the resources necessary to develop a first-class educational environment is a crucial part of the learning process.”
ESJ’s other recent transactions within the educational arena include openings in Charlotte, North Carolina and McKinney, Texas, both for Higher Ground Education, an entity operating Montessori schools.
About ESJ Capital Partners, LLC
ESJ Capital Partners, LLC (“ESJ”) is an SEC registered, full-service real estate asset management firm based in Aventura, Florida with a diversified portfolio of more than 3.6 million square feet. ESJ focuses on investing and development of education facilities, value-add apartments and entertainment destination assets nationwide. For additional information, visit www.esj.us.
