Round1 Bowling & Arcade Signs 10-Year Lease At The Shops At Skyview In Flushing For $4M

The property involved in the transaction is located at 40-24 College Point Boulevard in Flushing, Queens. This retail asset consists of 80,300 square feet and has an annual lease value of $4,000,000. The location is significant as it marks the first establishment of Round1 Bowling & Arcade in New York City.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,000,000/Year
• Lease Term: 10-year lease
• Landlord: Stephen A. Schwarzman - Blackstone
• Tenant: Hirotoshi Takahashi - Round1 Bowling & Arcade
• Landlord's Representative: Jeremy Isaacs, Peter Ripka, Todd Cooper - Ripco
• Tenant's Representative: Andrew Stern & David Friedman - Newmark

The deal was brokered with notable individuals from the respective real estate agencies. Newmark's representatives for the tenant included Andrew Stern and David Friedman, while the landlord, represented by Jeremy Isaacs, Peter Ripka, and Todd Cooper, is associated with Ripco Real Estate. This agreement is noted as the largest new retail lease in NYC for the year.