Plaza College Leases 21k SF Office Space In Forest Hills For 15 Years
LEASED
New York
See Similar DealsOffice21,000 SF
Leased 06/14/2016
LEASED
Plaza College Leases 21k SF Office Space In Forest Hills For 15 Years
11835 Queens BLVD, Queens, NY, 113...
See Similar DealsOffice21,000 SF
Leased 06/14/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:21,000 SF
Transaction Type:Lease
Located at 118-35 Queens Blvd in Forest Hills, this office asset spans 21,000 square feet. The tenant, Plaza College, secured a 15-year lease at the property, with an asking rent of $38/SF. The landlord, Muss Development, facilitated the deal, with CBRE's Roy Chipkin representing Plaza College.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Plaza College
- Tenant's Rep: Roy Chipkin (CBRE)
- Landlord: Muss Development
- Square Feet: 21,000
- Market: Forest Hills
Sholom & Zuckerbrot Realty's Gail Roseman represented another tenant, the Child Center of New York, in a separate 12-year lease deal for 22,000 square feet at the same property. JLL's William Korchak and Kyle Crennan represented Muss Development in both transactions.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,203,707.33
Total Lease Value
$12,037,073.28
Net Landlord Cash Flow$1,203,707.33
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