UNIONDALE, NY — Flushing Financial Corporation, the parent holding company for Flushing Bank (the “Bank”), announced that the Bank has sold its property at 144-51 Northern Boulevard, Flushing, NY to developer CW Northern, LLC.
The transaction closed on June 24, 2016. The Bank utilized CBRE, Inc. to market the property.
The Flushing Bank branch will remain open until a new updated branch location bordering on the current facility is ready for occupancy.
John R. Buran, President and Chief Executive Officer stated: “This sale will provide us with an additional $21 million in capital. This affords us the flexibility to reinvest the gain in our growing markets.”
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.