Childrens Creative Learning Centers has signed a lease to take a 5,500-square-foot retail space at Four New York Plaza for an early childhood education and care center, the company announced.

CCLC operates another such facility at 90 Park Avenue, which opened earlier this year.

“In meeting with New York City businesses, we’ve already seen a tremendous interest in backup care services, and CCLC is thrilled to bring this much-needed service to employers and hard working parents,” Fran Durekas, CCLC’s founder and chief development officer, said in a statement that was released for the deal at 90 Park. “Our goal is to give parents the flexibility and peace of mind to make last-minute child care decisions by providing businesses with a trusted and safe environment that they can offer to employees.”

Andrew Cohen, an executive at CCLC, told The Commercial Observer that the company had been searching for a Downtown location.

“We were in Midtown but we have a lot of clients Downtown where we knew there was a lot of demand,” he said.

CCLC mainly works under contract with companies to provide day care and education services for their employees' children.

Four New York Plaza, where CCLC will be opening later this year, was sold in recent months to an investment partnership between HSBC and Edge Fund Advisors. Harbor Group International purchased the roughly one million-square-foot office tower at the depths of the recession for a little over $100 million and sold it to the partnership for more than double what it paid, about $265 million.

The deal with CCLC was one among a number of leasing transactions Harbor arranged at the tower that helped it so dramatically boost its value in such a short a short period. Harbor brought U.S. News and World Report, the Daily News and also the publisher of the National Enquirer, American Media, to base floors at the property. JP Morgan Chase occupies the bulk of the tower.

In the deal with CCLC, Jonathan Krivine, a retail leasing broker at Newmark Grubb Knight Frank Retail, represented the tenant. Lee Block and Darrell Rubens, executives at Winick Realty, represented ownership, which started with Harbor and transitioned to HSBC and Edge Fund Advisors before the lease was finished.

Daniel Geiger is reachable at Dgeiger@observer.com

Caché, a mall-based purveyor of womenswear, will be consolidating two of its New York City offices into a singular space at 256 West 38th Street, according to published reports.

The company will be taking 43,100 square feet at the Garment District building, which is owned by East End Capital and GreenOak Real Estate.

Jones Lang LaSalle represented Caché in the deal. Michael Frantz of Newmark Grubb Knight Frank represented East End Capital.

Caché is moving from its two offices at 1440 Broadway and 260 West 39th Street to three floors at 256 West 38th Street, according to Crain's New York, which broke the news of the deal earlier this week.

Caché will occupy the entire third, fourth, and sixth floors. The lease is for 10 years and asking rents were $37-a-square-foot.

The womenswear company will be joining other fashionable tenants like Betsey Johnson, Gerard Yosca Jewelry, and Jonathan Apparel, according to CoStar data.

The building, which East End purchased in 2011, is currently undergoing a capital improvement program that will install new elevators, a new HVAC, and a new lobby.

Mr. Frantz declined to comment when reached by phone. East End did not immediately respond to a message requesting comment.

Daniel Edward Rosen is reachable at Drosen@observer.com

Data from DebtX shows that aggregate commercial real estate values that the loan sale advisor priced and that collateralize CMBS increased over the month of April, continuing a several month trend.

These loan values rose from 87.3 percent as of March 31, 2012 to 88.1 percent as of April 30, 2012. At the end of this past February, CMBS-collateralized loans were at 86.9 percent. Meanwhile, looking back a full year from the most recent April data to the figure as of April 30, 2011, they stood at 80.9 percent.

“Commercial real estate loan prices increased for a fourth consecutive month in April and are up strongly from a year ago,” DebtX CEO Kingsley Greenland said. “Improving CRE fundamentals, along with a decline in Treasuries and a decrease in credit spreads, drove loan prices higher in April.”

An investor flight to safety, caused by Spain’s growing banking crisis and concerns about Europe’s general financial health, has helped to push Treasury yields down.

For this most recent data, Debt X priced 55,803 commercial real estate loans. They had an aggregate balance of $767.6 billion.

Carl Gaines is reachable at Cgaines@observer.com