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Newly constructed Whitestone office building starts search for tenants

16-16 Whitestone Blvd
Photo courtesy of CBRE

The marketing campaign for leasing in the Whitestone Expressway’s new office building is about to kick off, and real estate firm CBRE was named the quarterback to market the property.

The glassy, newly constructed 16-16 Whitestone Expwy. building boasts about 60,000 square feet for office space, half of which will be occupied by the owner, the International Union of Operating Engineers Local 30 Pension Trust Fund. It is expected to be completed by summer and the asking price is $50 per square foot.

CBRE will be looking to fill the other 30,000 square feet of space in the six-story building.

The new structure features on-site parking, various utilities and is LEED Gold certified, which is the second highest level of green-friendly rating by the U.S. Green Building Council.

The building offers numerous green measures, including solar power. Future tenants can expect about 40 percent energy savings, according to CBRE.

“This state-of-the-art, energy-efficient office property stands alone in the market and serves as a model for new building development in the area,” CBRE’s Roy Chipkin said. “In addition to being the only new construction ‘green’ building in Queens, this exceptional, highly visible property offers convenient access to a number of major roadways.”

CBRE was also the firm that handled marketing for the sale of the property in 2011, which was sold by Skanska USA Civil Northeast for about $12.5 million. Skanska’s old building was partially demolished after the sale.

Photo courtesy of Scott Bintner/PropertyShark
16-16 Whitestone Expwy. when Skanska owned it. (Photo courtesy of Scott Bintner/PropertyShark)

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