Intuit signed a 3,546-square-foot retail lease at the Orchard, a 70-story residential tower at 42-06 Orchard Street in Long Island City, Queens. The financial services company, which operates TurboTax, QuickBooks, Credit Karma and Mailchimp, is expected to open its location in December. The asking rent and lease term were not disclosed.
The Orchard announced three new retail leases totaling 7,468 square feet. Japanese tea brand Mollytea signed for 1,671 square feet in October, with an expected opening in the second quarter of 2027. Korean beauty supplier Tokimo leased 2,251 square feet in July for its third location in the greater New York area, joining existing outposts in Flushing and East Rutherford, N.J.
Retail asking rents in Long Island City range between $18 and $100 per square foot, according to LoopNet listings. The Orchard, developed and owned by BLDG Management, houses 824 residences and is 90 percent leased. Corcoran Sunshine serves as exclusive marketing and leasing agent for the property.