South Shore Stars Acquires 163 Libbey Parkway

South Shore Bank extends congratulations to South Shore Stars on its acquisition of 163 Libbey Parkway in Weymouth. This new space will serve as an expansion of its administrative offices, as well as provide increased capacity for infant and childcare programs and preschool offerings. Thanks to Tax Exempt financing provided by South Shore Bank, the launch of Stars School & Learning Center in a 30,000 square foot office building is now possible.

South Shore Stars, a nonprofit organization dedicated to early education and youth development since 1970, is thrilled to introduce Stars School & Learning Center to the South Shore of Boston. This unique day-school, set to open in 2024, is specifically designed to cater to the needs of students with language-based learning differences, including dyslexia and ADHD. With a focus on grades 1 through 5, the school aims to enroll a maximum of 100 students, ensuring individualized attention and support.

“Our vision is to partner with public schools and become a leading independent school in children's education, social-emotional development, and individualized growth," said Dr. Jen Curtis, Chief Executive Officer of South Shore Stars. "We understand the challenges faced by families in finding a specialized education for their children, and we aim to provide a supportive and inclusive environment where all students can thrive. After achieving the academic freedom to excel in all components of literacy at Stars School, students will seamlessly transition to their public school or school of choice, enabling them to actively participate in community activities and initiatives."

While Stars School & Learning Center will be tuition-based, the organization is committed to providing scholarship programs and subsidy opportunities to ensure accessibility for students in need. The establishment of the new building was made possible through a partnership between South Shore Bank and MassDevelopment, delivering a financing package with competitive terms to support South Shore Stars' mission in meeting the diverse literacy, academic, social, and emotional needs of its students.

Stephen DiPrete, Chief Commercial Banking Officer at South Shore Bank, expressed their commitment to community and expertise working with nonprofit organizations in navigating the tax-exempt financing process. "As a mutual bank and trusted advisor for our customers, we stand by our mission of sharing success," said DiPrete.

Cate Adams, Commercial Team Leader at South Shore Bank, collaborated closely with William Leak, South Shore Stars CFO, to ensure the financial aspects aligned with our business plan. "Cate's dedication and belief in our mission were evident throughout the process," said Leak. "She worked closely with us to understand our goals and make this partnership a success.