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What will happen to Hostess Brands’ real estate?
Company owns at least 109,340 square feet of commercial space in the NYC area
With the announcement that Hostess Brands is closing up shop in the face of a Bakers Union strike, the world must carry on without the company’s whimsically named baked goods. Treats such as Twinkies, Ding Dongs, Sno Balls and Ho Ho’s are gone — that is, unless a buyer with a sweet tooth steps in — and with them will go some 33 bakeries, 565 distribution centers and 570 bakery outlet stores throughout the United States, according to the company’s website.
The 82-year-old company will close all of it facilities, meaning that a number of its properties could soon hit the market. A search of public records revealed that Hostess owns at least four commercial properties in New York City’s outer boroughs, and one on Long Island.
According to property records, Hostess and its parent company, Interstate Brands, own three properties in Queens: a 27,500-square-foot commercial space at 168-10 Douglas Avenue in Jamaica, a 18,440-square-foot space at 6006 37th Avenue in Flushing, and a 18,700-square foot facility 89-18 Atlantic Avenue in Woodhaven.
Hostess also owns a 24,700-square-foot wholesale distribution center at 3505 Conner Street in the Bronx, and a 20,000-square-foot space at 3030 Veterans Memorial Highway in Bohemia, Long Island. That brings its total New York-area square-footage to at least 109,340 square feet.
The company did not return calls and emails from The Real Deal.
“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” CEO Gregory Rayburn, said in a statement. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”