Chris Xu's United Construction & Development Group Acquires Development Site In Flushing For $25M With Lender Bank Hapoalim

A development site located at 131-01 Roosevelt Avenue in Flushing was involved in a closed transaction. The property was owned by Chris Xu of United Construction & Development Group. The deal was facilitated by Morris Betesh from Meridian Capital Group. The loan amount for this transaction was $25,000,000 and the lender involved was Bank Hapoalim.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $25,000,000
• Address: 131-01 Roosevelt Avenue, Flushing
• Market: Flushing
• Landlord: Chris Xu – United Construction & Development Group
• BROKER: Morris Betesh @ Meridian Capital Group

Chris Xu, the owner of United Construction & Development Group, acted as the landlord in this transaction. The lending institution, Bank Hapoalim, provided a loan amount of $25,000,000. Morris Betesh from Meridian Capital Group represented the parties involved in the deal.