Sale of Flushing’s Shops at Skyview Mall Fetches Roughly $425M

After being introduced to the market in July 2025, Blackstone Equities has gone into contract to sell the nearly fully leased Shops at Skyview mall in Flushing, Queens. Contract vendees TPG and Acadia Realty Trust are paying roughly $425 million for the 550,000-square-foot shopping center — about “the same price Blackstone reportedly sought when it first publicly marketed the property.” Comprised of two 3-story buildings and a 2,600-car-plus parking garage, retail tenants within the complex include BJ’s Wholesale Club, Sky Zone, Sky Foods, Burlington, Marshalls, Target, and more recently Round1 Bowling & Arcade which signed an 80,000-square-foot lease last year. The retail component is part of a larger 3 million-square-foot mixed-use condominium complex that includes nearly 1,200 residential units and 50,000 square feet of medical space.

Source:    https://therealdeal.com/new-york/2025/12/03/blackstone-sells-flushing-retail-complex-for-425m/