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Chris Xu sells Flushing waterfront parcel for $45M

Prolific Queens developer Chris “Jiashu” Xu has sold off part of a Flushing assemblage he bought last year. Xu, president of United Construction and Development Group, sold a land parcel at 39-02 Janet Place with corporate broker Brian Pun of TPI Associates for $45 million, according to property records. The buyer was Hengxing LLC, a Queens-based company that lists Yuzhuo Yu as its signatory. The property appears to be part of a four-acre assemblage addressed […]

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