Onex Real Estate Partners Brings Chase Bank to Sky View Center, Queens' Newest Regional Mall; Continues Strong Leasing Momentum

Chase Bank's New 4,539-sf Location Scheduled to Open in Flushing's Sky View Center in Spring 2012. End Quote

New York, NY (1888PressRelease) November 04, 2011 - Flushing's Sky View Center, the 800,000-square-foot, multi-level regional mall located at the intersection of College Point Boulevard and Roosevelt Avenue, continues to meet the demands of shoppers and residents with the addition of a 4,539-square-foot Chase Bank, its fourth branch in downtown Flushing. Anticipated to open in spring 2012, this most recent location in Queens' newest regional mall further establishes Sky View Center as one of the borough's premier retailing locations, and joins the more than 60 bank branches within the three-mile stretch of the diverse neighborhood.

"The recent introduction of a fourth Chase Bank branch further reinforces the growing economic strength and vitality of Flushing," said City Councilman Peter Koo of Flushing. "The combination of regional and international businesses continues to transform the neighborhood into a major urban business and retail destination for shopping, dining and entertainment."

Coming at the heels of three major retail openings including Five Guys Burger & Fries, Famous Footwear and the 36,000-square-foot specialty Asian supermarket Sky Foods, Chase Bank will also join other national tenants including Applebee's Neighborhood Grill & Bar, Target (including a Starbucks and Pizza Hut Express), Bed Bath & Beyond, Best Buy, BJ's Wholesale Club, Bob's Discount Furniture, Chuck E. Cheese's, Marshall's, Old Navy, Payless Shoesource, and Hershey's Ice Cream.

"The addition of Chase Bank reflects the ongoing strength and appeal of Sky View Center and will soon provide residents with another significant convenience of living at Sky View Parc," said Michael Dana, president of Onex Real Estate Partners, owner/developer of Sky View Center. "We are pleased to provide this new branch of Chase Bank for those living and shopping in one of New York City's fastest growing neighborhoods."

Sky View Parc is Queens' most spectacular new residential condominium development in downtown Flushing. Prospective homebuyers can choose from homes ranging from 575-square-foot studios to 1,765-square-foot three-bedrooms, each offering oversized windows, nine-foot ceilings, hardwood floors, stainless steel appliances, marble baths, and washer/dryers. Prices range from studios starting at $375,000 to $876,750 for a three bedroom.

Located in downtown Flushing at the intersection of Main Street and Roosevelt Avenue in New York City, Sky View Parc / Sky View Center is Queens' premier mixed-use development situated in a vibrant neighborhood amid a major transportation network, regional attractions and is well-known for its diversity in restaurants, shopping and entertainment.

Daniel Brown of TRS Associates, Inc. who represented Chase in this transaction commented, "Our tier one customers such as Chase Bank always strive to serve their retail banking clientele by locating in the highest profile locations. Sky View Center was a natural fit due to its high density mix of high-rise residential apartments and national retail chain stores."

About Sky View Center
Located in Flushing, Queens, Sky View Center is the region's largest mixed-use, multi-level shopping destination in the neighborhood offering a growing mix of premier national retail stores for women's, men's and children's apparel, shoes, electronics, home furnishings, entertainment, groceries, cosmetics and over 30,000 square-feet of full service dining restaurants. The regional mall sits within a vibrant neighborhood with an incredible population density of more than 750,000 people that live within a three miles vicinity, while offering a six-level parking garage with capacity for 2,400 vehicles and offers three hours of free parking everyday. Sky View Center is a short distance away from Flushing Meadows-Corona Park, the United States Tennis Association (USTA) Billie Jean King National Tennis Center (U.S. Open) and the brand new Citi Field Stadium for the New York Mets.

Sky View Center is located at 40-24 College Point Boulevard. For more information, please visit www.skyviewcenter.com.

About Sky View Parc
Conveniently located above Sky View Center is Queens' most extraordinary luxury condominium towers Sky View Parc. Conceived by award-winning architectural design firm, Perkins Eastman, and feng shui-validated, Sky View Parc's elegantly appointed residences showcase studios to three-bedroom residences available for immediate occupancy. The contemporary homes at Sky View Parc overlook a four-acre landscaped rooftop garden and sanctuary, which provides an urban outdoor oasis for residents complete with tranquil gardens, alfresco dining and barbeque grills, and children's play areas that offer unparalleled views of the New York City skyline. Residents also enjoy unrivaled amenities including a state-of-the-art health club & fitness center complete with whirlpool, steam room and saunas, a themed children's playroom and entertainment lounge, plus a basketball court, two full-sized tennis courts, a golf putting green and a running track for sports aficionados. A 24-hour staffed lobby, concierge service and a first-class professional property management company are on-site.

For more information, please visit www.skyviewparc.com.

About Onex
Founded in 1984, Onex is one of North America's oldest and most successful investment firms whose businesses generate annual revenues of $38 billion, have assets of $42 billion and employ approximately 230,000 people worldwide. Onex Real Estate Partners is dedicated to acquiring and adding value to real estate assets throughout North America. For more information on Onex, visit its website at www.onex.com.

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