RockFarmer Properties is pleased to announce that Judlau Contracting LLC, a “leader in the heavy construction industry specializing in capital improvement and public works projects,” has signed a long-term lease for 14,387 square feet at Heritage Tower, located at 82-11 37thAvenue in Jackson Heights, Queens. The new lease brings the recently renovated, 135,000-square-foot mixed-use office building to 91 percent leased.
Judlau Contracting, which specializes in capital improvement and public works projects, was looking for an office space to serve as the general offices and “home base” for its team as the company begins work on the ‘Five Stations Renewal’ project of the Flushing Line (7), which will include improvements to the 52ndStreet, 69th Street, 82nd Street-Jackson Heights, 103rd Street-Corona Plaza and 111th Street stations, respectively.
Michael Lee, First Vice President of CBRE represented the landlord, RockFarmer Properties, in the direct transaction. Judlau Contracting’s new lease encompasses 11,126 square feet—the entire eighth floor—and 3,261 square feet on the fourth floor. Although the terms of the deal were not disclosed, asking rents at Heritage Tower are approximately $50 per square foot. The company expects to move into its new offices this spring.
“Judlau Contracting needed a strategic location for its team as it begins its years-long work on the renovation of several subway stations along the 7 line,” said Michael Lee, First Vice President of CBRE. “Heritage Tower is conveniently located in the middle of the five stations, making it a fitting location for the team to set up its operations.”
Only one space remains available for lease at the building, the 9,500-square-foot retail space, which was previously occupied by Rite Aid pharmacy. RockFarmer is currently in final discussions with several name-brand tenants looking to lease the space, which offers access to one of the busiest retail corridors in Queens.
“After renovating, modernizing and rebranding Heritage Tower, we are thrilled to see the building approach 100-percent-leased, and are further encouraged that the surrounding subway stations will see significant upgrades in the coming years,” said Kostas Koutsothanasis, COO of RockFarmer Properties. “We expect to announce an exciting new lease for the retail space in the next several weeks.”
Heritage Tower recently completed a $4M renovation of the nine-story office tower that included a complete renovation and upgrade of the building’s common areas, lobby and three-story atrium; the installation of new elevator cabs and mechanicals; the installation of a new roof; and the addition of turn-key incubator spaces for small businesses and entrepreneurs on the lower level. Designed by Tersigni Palacheck, the newly renovated lobby features imported large format Italian tiling, a new security desk and state of the art design elements including LED lighting and digital displays.
Tech upgrades and additions include the installation of high-speed fiber optic and coaxial cables; increased riser capacity; public Wi-Fi in all common areas; and a back-up generator to provide continued, seamless service to tenants during a power outage—a must-have for today’s high-speed medical, creative and professional services tenants. Heritage Tower is the only commercial outside of Long Island City to have achieved the prestigious Gold rating from WiredScore.
Built in 1998, Heritage Tower is located in the heart of Jackson Heights, Queens, a bustling commercial and retail district home to one of the city’s most diverse populations. Situated just one block from the 7 train and a few short blocks from the E, F, M and R trains, the Brooklyn-Queens Expressway and served by multiple bus routes, Heritage Tower features sweeping views of Queens and Manhattan, on-site parking and an attended lobby and ground floor retail.
For more information on Heritage Tower, interested parties can visit https://theheritagetower.com or call Michael Lee, First Vice President, CBRE at 718.289.7703.