Tuesday, July 15, 2014

Universal Represents Gestalt Community Schools in Major Facility Lease

Gestalt Schools Signs Lease in Hickory Hill

By Amos Maki

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.
Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.
Shelby County Schools previously leased the space for a school and some administrative offices. The expiring lease presented a perfect opportunity for Gestalt.
“It’s a space that had previously been occupied by Shelby County Schools and as they sought to reduce their footprint that lease was expiring and fortunately we became aware of that and we were able to put a deal together in a short period of time,” said Darrell Cobbins of Universal Commercial Real Estate, who represented Gestalt. “As they grow, their needs become vast and there aren’t a lot of spaces ready for their needs. It was fortuitous for all parties.”
Gestalt opened the Power Center Academy charter school in Hickory Hill in 2008. Gestalt also operates Humes Preparatory Academy and Klondike Preparatory Academy in North Memphis as part of the state-run Achievement School District and is planning to open a school as part of the Sears Crosstown redevelopment project.
Stan Myers and Morris Thomas represented landlord Belz Enterprises.

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