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NEW YORK CITY — Duane Reade has renewed the lease for its 10,000-square-foot pharmacy at 401 Park Avenue South in New York City for an additional 20 years. The initial lease term was set to expire in 2015. The tenant plans to complete a multi-million upgrade to the space in the near term. The landlord was Meringoff Properties. Winick Realty Group represented the tenant in the transaction.