HaiDiLao Leases 12000 Square Feet At 3818 Union St Queens NY For $75 Rent Per SF

The lease is for a property located at 3818 Union St, Queens, NY, 11354 in the Flushing market. It encompasses a total area of 12,000 square feet, situated on the second floor. The asking rent for this property was set at $75 per square foot, while retail spaces on the ground floor were listed between $150 and $190 per square foot.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 3818 Union St, Queens, NY, 11354
• Market: Flushing
• Landlord: AECOM Capital
• Landlord's Rep: Jonathan Plotkin (Colliers International)
• Tenant: HaiDiLao
• Rent/SF: $75
• Square Feet: 12,000

HaiDiLao, a restaurant known for its unique offering of free shoulder massages to customers waiting for a table, has signed this lease as its first major retail tenant in Flushing Commons. The brand has established a substantial presence with 176 locations in 53 cities across China and one location in Santa Anita, California, anticipating $1.5 billion in revenue for the year.