Teachers union inks long-term lease at Forest Hills building

UFT is taking 44K sf at Muss' 118-35 Queens Boulevard

From left: Jason Muss, Forest Hills Tower at 118-35 Queens Boulevard, and Michael Mulgrew (Credit: LoopNet and Getty Images)
From left: Jason Muss, Forest Hills Tower at 118-35 Queens Boulevard, and Michael Mulgrew (Credit: LoopNet and Getty Images)

The United Federation of Teachers has inked a 44,000-square-foot lease at a large building from Muss Development in Forest Hills.

The union will occupy the seventh and eighth floors in the 16-story property at 118-35 Queens Boulevardknown as Forest Hills Tower, and the deal will last for 20 years, according to Crain’s. Asking rent was $39 per square foot.

Muss Development constructed the office building in 1981, which spans 375,000 square feet overall. They have invested roughly $25 million in it for upgrades in recent years, and the UFT lease means the building is now filled.

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Other recent leases at the building include Plaza College, the Board of Elections and Regus, a flexible-office-space provider. Muss Development also recently landed a $75.4 million loan for the building from AXA Equitable Life Insurance Company this summer.

UFT plans to move into the building next year. The union already occupies space at Muss-owned buildings in Staten Island and Brooklyn. [Crain’s] – Eddie Small