Flushing Plaza is one of the largest commercial buildings in the area and one of the best-performing assets in the Muss portfolio. It operates at very high occupancy and commands rents that rival those in many areas of Manhattan.
Ideally located in a major shopping area in the booming Asian community of downtown Flushing, this office and retail complex was formerly the home of a major department store. The two-level building was acquired by Muss in 1981 and converted in 1983 into 165,000 square feet of custom-designed office and retail space. A 43,000-square-foot concourse level was reconfigured to house numerous medical offices. Another round of renovations was completed in 1996, adding a separate 30,000-square-foot level of office space to the property and converting the self-parking facility into a valet-attended garage. Even more recent upgrades to the property include a newly renovated lobby, elevators and state-of-the-art wiring for telecommunications systems for the offices.
Flushing Plaza is minutes from the Grand Central Parkway, Long Island Expressway and Van Wyck Expressway, and is one block from Main Street, the Long Island Rail Road, the 7 subway line and the terminus for 28 bus routes serving Northeast Queens and Nassau County.
The Retail component on Kissena Boulevard consists of Dunkin Donuts (950 sf), Time Warner (2,283sf), Hung Seng Jewelry (1,351 sf), and HSBC Bank (5,618 sf). The retail component composes approximately 21,000 sf (8.6%) of the 243,000 sf building.