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Former Duane Reade distribution center in Maspeth leased to UPS: report – QNS.com

Former Duane Reade distribution center in Maspeth leased to UPS: report

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The empty Duane Reade distribution center in Maspeth that closed down back in May has been triple-net leased out to UPS, it was reported.

According to The Real Deal, the 475,000-square-foot warehouse located at 50-02 55th Ave. was snatched up by UPS in a deal that also included a 12-acre parcel of land in Red Hook, Brooklyn.

The Real Deal expects the package delivery company to open their own distribution center at the facility when they officially move in.

When the Duane Reade closed for good in May, more than 200 union jobs were lost.

UPS has declined to comment on the matter.

The length of UPS’s triple-net leases of the Maspeth site was not known as of this time, The Real Deal reported. A triple-net lease means the tenant is responsible for all costs such as taxes and utilities.

QNS has also reached out to the Maspeth Industrial Business Association (MIBA) and is awaiting a reply.

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