Oliver and Perna of NGKF secure 90,000 s/f HQ relocation for Flushing Financial

Flushing Financial Corp., the parent holding company for Flushing Bank, plans to relocate its headquarters and consolidate its non-branch personnel into one location. They have entered into a lease with RXR Plaza for 90,000 s/f of space. As part of that lease, the bank will also open a 1,200 s/f branch in the building to serve employees as well as the numerous business tenants that occupy offices in the building. The design of the branch will be an innovative and interactive financial solutions center, equipped with 24-hour access via an ATM. John Buran, president and CEO of Flushing Financial Corp. said, "Over the past year, as our business continued to grow and our current lease nears its end, we recognized the need to identify a new headquarters location to enable us to sustain this growth and provide for the efficiencies and synergies that result from the majority of staff being under one roof. Nassau County's strong real estate dynamics as well as the commitment by local government and community entities weighed favorably in our decision to stay in Nassau County. We worked closely with the town of Hempstead Industrial Development Association on programs to support us in bringing over 250 employees to their town. This convenient location also allows us to stay connected with our branch network in the New York metro area while we look to expand the bank's footprint in Nassau and Suffolk counties." Daniel Oliver and Ralph Perna of Newmark Grubb Knight Frank represented Flushing Financial. Jason Forte represented landlord RXR Realty in-house.