Central Queens Academy Leases Office At 86-55 Queens Boulevard

The office property located at 86-55 Queens Boulevard in Elmhurst, Queens, has been leased to Central Queens Academy. The lease, signed with a term of 32 years, is structured as a NNN Lease with an asking rent of $57 per square foot for the 55,000 square foot space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord: Tom Wu & Chris Xu
• Tenant: Central Queens Academy
• Brokers: Steve Zhu - Compass & Stephen Powers - OPEN Impact Real Estate
• Address: 86-55 Queens Boulevard, Elmhurst, Queens
• Market: Elmhurst, Queens
• Lease Type: NNN Lease
• Lease Term: 32 Years
• Asking Rent: $57/ft
• Square Footage: 55,000

Steve Zhu from Compass and Stephen Powers from OPEN Impact Real Estate represented the parties in this lease transaction, ensuring a successful agreement for both the landlord, Tom Wu & Chris Xu, and the tenant, Central Queens Academy.