Upper East Side private school Spence just dropped $26.1 million on property to add to its empire, on 90th Street "way over at First Avenue, encroaching on the territory of rival Chapin." A Spence wiki entry notes that the building and parking lot, bought from Hertz corporation, will be used as a "state of the art physical education facility with multiple gyms, courts and fields." Maybe alumna Gwnyeth Paltrow is donating the services of her personal trainer? [NYO]
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