5 Columbus Circle
NEW YORK CITY—Kaplan International North America, Inc. signed a 10-year, 25,000-square-foot lease at 5 Columbus Circle with the property owners 1790 Broadway Associates LLC, a company owned by members of the Milonas and Catsimatidis families. Additional details regarding the lease terms were not disclosed.
Kaplan is well known among the university-bound crowd (and their parents). The company offers preparatory classes and materials for more than 90 standardized tests for university and graduate school admissions, English language proficiency and higher education programs. It will occupy two full floors at the 21-story, 255,000-square-foot building, as it further expands its business in New York City.
In 1985, the owners purchased the property that was originally constructed in 1912. The loft-style building with the address of