Lian Wu Shao pays $12M to Forem Packaging for retail property in Flushing

Lian Wu Shao through the entity Heng Xing 3719 LLC paid Aron Forem of Forem Packaging’s 3719 Main, LLC $11.5 million for 37-19 Main Street in Flushing. The deal closed on March 20, 2020, and was recorded on March 30, 2020. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 10,000 square feet. The parcel(s) have total development potential of 10,000 square feet.
The average sale price per square foot is $1,150.

Forem Packaging Lian Wu Shao bought a retail building along Roosevelt Avenue from Jeff Sutton in 2018.

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