LAKE SUCCESS, NY—Flushing Financial Corp., the parent holding company for Flushing Bank, is planning to relocate its headquarters and consolidate its non-branch personnel into RXR Plaza, in Uniondale.
The financial concern has entered into a lease for over 90,000 square feet of space. As part of that lease, the bank will open a 1,200 square foot branch in the building to serve employees as well as the numerous business tenants that occupy offices in the building.
Daniel Oliver and Ralph Perna of Newmark Grubb Knight Frank represented Flushing Financial. Jason Forte represented landlord RXR Realty in-house.
Says John Buran, president and CEO of the company, “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,” he continues, 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.”