Cindy Zhang Leases Industrial Space From Landlord Henry Lee At 31-49 Higgins Street

The transaction involves an industrial asset located at 31-49 Higgins Street, Flushing. The lease was agreed upon at an asking rent of $32 per square foot for a total area of 4,500 square feet. This modified gross lease was executed within 30 days of being on the market and attracted multiple backup offers.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32/ft
• Lease Type: Modified Gross Lease
• Landlord: Henry Lee
• Tenant: Cindy Zhang
• Broker: Li (Barbie) Li - B Square Realty

Li (Barbie) Li from B Square Realty represented the landlord in this transaction, highlighting the effectiveness of their team in securing tenants and facilitating quick lease agreements. The broker's note indicates a strong market demand for similar commercial spaces, suggesting a well-positioned strategy for landlords seeking efficient lease transactions.