Jacqueline Xu Leases Retail Space At 150-23 Barclay Avenue In Flushing For $55/ft

The asset involved in this transaction is a retail property located at 150-23 Barclay Avenue in Flushing. The property spans approximately 13,630 square feet and was leased under a modified gross lease at an asking rent of $55 per square foot. The landlord of the asset is Phyllis Cheng, while the tenant is Jacqueline Xu.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $55/ft
• Square Footage: 13,630 SF
• Lease Type: Modified Gross Lease
• Landlord: Phyllis Cheng
• Tenant: Jacqueline Xu
• Broker: Li (Barbie) Li - B Square Realty

Li (Barbie) Li from B Square Realty acted as the broker representing the landlord in this transaction. After taking over the leasing assignment, the broker restructured the leasing strategy, repositioning the asset to align with zoning flexibility and initiating a refined tenant mix strategy, which ultimately led to securing a tenant for the entire space.