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Flushing Bank sells Auburndale building – QNS.com

Flushing Bank sells Auburndale building

Flushing Bank sold two buildings on 188-08 Hollis Court Blvd.
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By Gina Martinez

The Flushing Bank branch will stay open until a new, updated branch location nearby is ready for occupancy, according to John Buran, president and chief executive officer of Flushing Financial Corporation.

“This sale will afford us the flexibility to enhance the customer experience with modern branches that offer convenient access that aligns with the growth in the market,” he said.

Flushing Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, and cash management services through its 19 banking offices located in Queens, Brooklyn, Manhattan, and Nassau County.

Stephen Preuss, senior managing director at Cushman and Wakefield, said the new investor plans on dividing the building into multiple spaces after remodeling is over.

“It sold in December to a local investor who plans to improve the property and re-tenant the building with one or more tenants,” he said. “The bank will stay on as a tenant for the next several months, then new tenants will come in and take its place. If the right tenant comes along to take the whole space, the investor will entertain it, but inevitably it will be cut up into multiple spaces.”

Reach Gina Martinez by e-mail at gmartinez@cnglocal.com or by phone at (718) 260–4566.

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