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Minskoff Plans 655,000-SF LIC Office Tower

NEW YORK CITY-The 15-story build-to-suit will be constructed at 30-30 Northern Blvd. in Queens, pending leasing commitments for at least 60% of the tower. Developer Edward J. Minskoff says he is hoping to lure decentralization-minded Midtown firms across the river.

By Michael Gilliard | Updated on May 07, 2002

NEW YORK CITY-A 655,000-sf class A office build-to-suit is set to rise at 30-30 Northern Boulevard, north of Queens Plaza between 40th Avenue and 40th Road, assuming developer Edward J. Minskoff can pre-lease at least 60% of the planned 15-story building.

Although specific candidates have not been revealed, there’s “keen institutional interest” in the project, says Gregory P. Knoop, managing director of the agency group at Insignia/ESG. Knoop tells GlobeSt.com he is hoping for a single-tenant net-lease deal for the property, though he would settle for multi-tenant occupancy.

A number of Midtown firms, looking to decentralize back-office space and take advantage of economic, safety and zoning incentives in Long Island City have looked into the building. “We have seen interest from a diverse cross-section of industries, from corporate and banking to the media,” says Knoop. “All plans are in place for this construction,” he states, adding that rents at the property are expected to be in the mid-$20s per sf.

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