Flushing Bank Opening Second Manhattan Branch
Flushing, Queens-based Flushing Bank is preparing to open its second Manhattan branch and its first office in the borough, Crain’s New York Business reported.
The bank signed a 6,541-square-foot ground-floor and lower-level retail lease for the branch and a 5,727-square-foot office lease on part of the eighth floor at 99 Park Avenue between East 39th and East 40th Streets, the publication said.
The leases are for 10 years. Office asking rents are $60 per square foot, Crain’s said, and including the retail, the building’s average per-foot asking rent is $110.
Emery Roth & Sons built the 26-story, 640,122-square-foot tower in 1953.
Alan Friedman of ABS Partners represented Flushing Bank in the deals. Diana Biasotti and Paul Glickman of JLL represented the landlord, Eastgate Realty, in the office transaction and Cushman & Wakefield‘s Alisa Amsterdam and Michael O’Neill of Cushman & Wakefield represented Eastgate on the retail deal. Mr. Friedman didn’t respond to a request for comment. The JLL and C&W brokers didn’t respond to a request for comment through a spokesman.
Flushing Bank has nine branches in Queens, five in Brooklyn and one in Manhattan at 99 Park Avenue between East 39th and 40th Streets, as well as two in Nassau, according to the company’s website.