Simone Development Signs Northwell Health to Long-Term Lease Renewal at 170 E 77th Street
MANHATTAN, NY (December 16, 2024) – Simone Development Companies has signed a long-term lease renewal with Northwell Health for 5,936 square feet at 170 East 77th Street in Manhattan’s Upper East Side neighborhood. Northwell Health remains the sole commercial tenant at the property, continuing to provide essential healthcare services to the surrounding communities.
Simone Development’s in-house leasing and legal teams handled the negotiations directly with the tenant.
“We are thrilled that Northwell Health has decided to renew its lease at 170 East 77Th Street,” said Joe Simone, President of Simone Development Companies. “This renewal highlights the value of the space and underscores Simone Development’s ongoing partnership with one of New York’s leading healthcare providers.”
Ideally located in the heart of the Upper East Side, 170 East 77th Street offers convenient access to public transportation, including the Q and 6 subway lines, as well as several bus routes, making it a prime location for healthcare providers looking to serve one of Manhattan’s most dynamic neighborhoods.
About Simone Development Companies
Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail, and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over 7 million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With expertise spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.
Mayor Spano and Council Members Join with Simone Development for Holiday Tree Lighting at Boyce Thompson Center
YONKERS, NY (December 4, 2024) — Senior executives of Simone Development Companies joined with Yonkers Mayor Mike Spano and members of the Yonkers City Council and Westchester County Legislature for the annual holiday tree lighting ceremony held December 3rd at Simone Development’s Boyce Thompson Center in Yonkers.
Photo caption: From left Joseph Simone, President of Simone Development Companies; Mayor Mike Spano; Council President Lakisha Collins-Bellamy; Council Member Deana Robinson; Council Member Tasha Diaz; Council Member Anthony Merante and County Legislator James Nolan
Leading Furniture Maker Anthony Lawrence-Belfair Signs New Lease at Simone Development’s 1200 Zerega Ave. in the Bronx
BRONX, NY (October 24, 2024) – Simone Development Companies has announced that Anthony Lawrence-Belfair, a leading furniture company specializing in the manufacturing, distribution, repair, and restoration of furniture and home goods, has signed a long-term lease for 25,214 square feet of warehouse space and 19,312 square feet of land at 1200 Zerega Ave. in the Bronx. The new space will serve as a showroom and studio, supporting the company’s relocation from Long Island City.
Simone Development was represented by in-house leasing and legal teams alongside Mat Diana of DY Realty, while Anthony Lawrence-Belfair was represented by Helen Paul of Cushman & Wakefield and Joseph Caputo of Exit Realty Premier.
“With its strategic location, ample outdoor storage options, and flexible space configurations, 1200 Zerega Ave. is an ideal fit for companies like Anthony Lawrence-Belfair,” said Josh Gopan, Vice President of Leasing for Simone Development Companies. “The property offers quick and easy access to major highways and public transportation, making it a highly attractive choice for businesses looking to optimize their operations and better serve their customers.”
The lease secured the final warehouse and ground floor space offered at 1200 Zerega Ave. The property has a remaining 12,891 square feet of office space available on the second floor, which comes with over 12,000 square feet of parking, a dedicated elevator, and four sides of window frontage. The building is conveniently located near the #6 subway line, multiple bus routes, and major highways including the Hutchinson River Parkway, the Bruckner Expressway, and the Cross Bronx Expressway.
Simone Development Companies Signs Another Full-Building Lease with Fastenal Company, North America’s Largest Fastener Distributor
Company Snaps Up 10,347 SF Warehouse Property in Westchester Square Section of The Bronx
BRONX, NY (October 23, 2024) – Simone Development Companies announced that the largest fastener distributor in North America, Fastenal Company, has signed a 10,347-square-foot, long-term warehouse lease at 1385 Commerce Avenue in the Bronx, NY.
Simone Development Companies was represented by in-house leasing and legal teams while Fastenal Company was repped by Mathew Diana of DY Realty.
Fastenal will use the building for warehouse space and storage of construction and hardware materials, as well as ancillary office space. The deal marks the most recent lease for the company at a Simone property. In 2023, Fastenal Company signed a long-term lease for 7,100 square feet at Simone Development’s nearby 1448 Ferris Place in the Bronx, NY.
Fastenal is a diverse company that provides a variety of services to different organizations: an expert consultant, a logistics company, a technology provider, and more generally a distributor of wide-ranging industrial and construction products.
“We are thrilled that Fastenal Company has once again chosen a Simone Development property for their latest expansion,” said Josh Gopan, Vice President of Leasing at Simone Development Companies. “The building’s excellent condition and accessible location with proximity to major highways and public transportation make it a perfect fit for Fastenal.”
The street-level property is in move-in condition and offers 20-foot ceiling heights, two drive-in doors, and heavy power. It is a short walk from the Westchester Square #6 subway station and convenient to the Cross Bronx and Bruckner expressways.
Simone Development Companies and Fareri Associates Join with Numisma Bank to Celebrate Ribbon Cutting at One Sound Shore Drive, Greenwich
Photo Credit: Natasha Miller, Tashography LLC
GREENWICH, CT — October 21, 2024 — Simone Development Companies and Fareri Associates joined with Numisma Bank, elected officials, and business leaders to celebrate the ribbon cutting ceremony at Numisma Bank’s global headquarters at One Sound Shore Drive in Greenwich, CT.
Numisma Bank signed a lease for 4,100 square feet in 2023. Simone Development Companies and Fareri Associates were represented by Newmark’s Allan Murphy, James Ritman, and Janey Steinmetz alongside in-house leasing and legal teams. Numisma Bank was represented by Newmark’s Ben Goldstein.
“We are delighted to celebrate the ribbon cutting at Numisma Banks’ global headquarters at One Sound Shore Drive. This property offers a prime location for Class A office users with close proximity to downtown Greenwich, I-95, and the Cos Cob train station,” said Joanna Simone, Principal and President of Leasing and Property Management Operations for Simone Development Companies.
“We are happy to have our office here at One Sound Shore Drive. It’s a convenient and well-suited location, and we are pleased to be in this space,” said Matthew Hurlock, Chief Administrative Officer of Numisma Bank.
Among the state and county political leaders speaking at the event were Governor Ned Lamont, Commissioner of Banking, Jorge Perez, Commissioner of the Department of Economic and Community Development, Daniel O’Keefe, and First Selectman of Greenwich, Fred Camillo.
One Sound Shore Drive is a 65,000-square-foot Class A multi-tenant corporate office building. Convenient, striking and highly visible, this beautifully landscaped 3-story building features a Wi-Fi lounge, outdoor seating, and ample indoor and outdoor parking. There is direct highway access adjacent to Exit 4 off of I-95. The building is within walking distance to the Cos Cob train station with easy access to downtown Greenwich shops, restaurants and banks. The property is currently undergoing interior cosmetic renovations and there are just two remaining office suites available: 1,277 square feet of space on the first floor and 4,763 square feet on the second floor.
PHOTO CAPTION: From left, Senator Ryan Fazio, CT Dept of Banking Commissioner Jorge Perez, Senator Patricia Miller, Governor Ned Lamont, Numisma Bank Chief Executive Officer Vivek Tyagi, Cynosure Partners Managing Director Randal Quarles, CT Dept of Consumer Protection Commissioner Dan O’Keefe, Numisma Bank Chief Administrative Officer Matthew Hurlock
About Simone Development Companies
Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail, and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over 7 million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With expertise spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.
Fareri Associates, LP, of Greenwich, is a family owned and operated real estate investment and construction company focusing on development and re-development of office, retail, mixed-use and residential properties primarily in Fairfield County, Connecticut and Westchester County.
Numisma Bank is a preeminent global distributor of U.S. banknotes positioned for reliable, responsive, and efficient delivery of banknotes to its high-quality global client base. Numisma Bank is an appropriately capitalized U.S. (Connecticut) chartered and regulated bank with direct access to the Federal Reserve System including master account and cash services.