What will happen to Hostess Brands’ real estate?

Company owns at least 109,340 square feet of commercial space in the NYC area

TRD New York /
Nov.November 16, 2012 05:30 PM

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.”


Related Articles

arrow_forward_ios
Rendering of the Tokyo Tokiwabashi project (Courtesy of Mitsubishi)

Mitsubishi unveils design for Japan’s tallest skyscraper

Mitsubishi unveils design for Japan’s tallest skyscraper
Charles Rettig, Commissioner of the IRS (Getty)

Opportunity Zone rule change seeks to entice foreign investors

Opportunity Zone rule change seeks to entice foreign investors
The proposal to rezone Industry City in Brooklyn was unveiled five years ago, but collapsed under political pressure (Courtesy of Industry City)

Here’s how Industry City’s controversial rezoning unraveled

Here’s how Industry City’s controversial rezoning unraveled
731 Lexington Avenue and 410 East 61st Street (inset) with Vornado's Steve Roth (Googel Maps; VNO)

Home Depot eyes former Bed Bath & Beyond space on First Ave

Home Depot eyes former Bed Bath & Beyond space on First Ave
Ian Schrager and the Pulic Hotel at 215 Chrystie Street (Getty; Google)

$60M mezz loan on Ian Schrager’s Public Hotel is for sale

$60M mezz loan on Ian Schrager’s Public Hotel is for sale
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
Signature Bank CEO Joseph DePaolo and New York Community Bank CEO Joseph Ficalora (Photos via Getty; Facebook; iStock)

NYC’s multifamily lenders see shares tumble in 2020

NYC’s multifamily lenders see shares tumble in 2020
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...