Share on FacebookTweet about this on TwitterEmail this to someone
Share on FacebookTweet about this on TwitterEmail this to someone
Photo via Google Maps
Photo via Google Maps
The Coca-Cola bottling plant in Maspeth has been sold to Home Depot for $63 million.

The Coca-Cola bottling plant in Maspeth is reportedly popping up on the market for more than $70 million.

According to The Real Deal, the 7.3-acre bottling site located at 59-02 Borden Ave. is being put up for sale by the owner. The property is currently triple-net-leased to the Coca-Cola Bottling Company until it expires in three years.

Sources informed The Real Deal that the owner, Kaymac Corporation, is interested in marketing the site as a potential development opportunity, and that it could sell for anywhere between $70 and $75 million.

The two-story warehouse that is on the site was built in the 1950s, and offers 316,200 buildable square feet, with 120,000 square feet of parking and loading space, The Real Deal said. Before the Coca-Cola Company leased the property, another soda company, Canada Dry, occupied the space for many years.

“The building owner, Kaymac Corporation, informed us they are selling the property and not renewing our lease,” said Francis McGorry, president and general manager of Coca-Cola Refreshments Tri-State Metro Operations. “As always, we will evaluate our options and do what’s best for our customers and associates.”

Comments:

Join The Discussion



Related Stories
Former Duane Reade distribution center in Maspeth leased to UPS: report
Former Duane Reade distribution center in Maspeth leased to UPS: report
Massive Maspeth development site along Newtown Creek sold for $55.8M
Massive Maspeth development site along Newtown Creek sold for $55.8M
Popular Stories
Photo courtesy of Food Network
Astoria chef scores $10,000 after winning Food Network’s 'Chopped'
Photo via Public Domain
Whitestone man arrested for stealing car parts from vehicles throughout Queens
Photo via Google Maps
Nine arrested as cops bust an illegal club operating out of a Maspeth warehouse


Skip to toolbar