Health insurance firm EmblemHealth is renewing and expanding its lease in Flushing, Queens, Commercial Observer has learned.
The firm signed a lease with Muss Development for a total of 42,982 square feet at 41-61 Kissena Boulevard, also known as Flushing Plaza, according to information from the landlord.
The 20-year lease renews EmblemHealth’s existing 28,463 square feet and adds an additional 14,519 square feet to its footprint in the building. The new space, located on the ground floor, was formerly occupied by Duane Reade, according to Muss president Jason Muss.
“They wanted to stay in the building and we were very happy to have been able to accommodate them,” Muss said of EmblemHealth.
The deal shows how Flushing continues to be attractive to businesses, he added. “A lot of office uses are expanding organically like this space. You’re seeing a lot of people who do business in Flushing wanting to expand and not just maintain a presence in the area,” Muss said.
Ross Spitalnick represented the developer in-house and Brian Given and Sheena Gohil of Colliers International represented EmblemHealth.
Flushing Plaza is a mixed-use building with 21,000 square feet of ground floor retail and 800 parking spots. Other tenants include Spectrum, New York State Department of Labor, and HSBC Bank. With EmblemHealth’s lease, only 2,000 square feet are available in the building, Muss confirmed.
Colliers did not immediately respond to a request for comment.