Simone Development Announces Leasing 36,000 SF of Industrial Space at 560 South Third Avenue, Mount Vernon, NY
63,445 SF Property is Fully Leased, Underscoring Continued Demand for Well-Located Industrial Space in Mount Vernon
MOUNT VERNON, NY (August 2026) — Simone Development Companies has announced signing two new leases totaling 36,000 square feet of prime industrial space at 560 South Third Avenue in Mount Vernon, NY.
The two-story, 63,445-square-foot industrial center is now fully leased.
“The full lease-up of 560 South Third Avenue reinforces Mount Vernon’s essential role in the regional supply chain,” said Joanna Simone, President of Leasing and Property Management Operations for Simone Development Companies. “Demand in this market proves that location remains paramount, and we are proud to deliver well-positioned infill properties that give businesses a true competitive advantage.”
The brokers representing the two new tenants were Corey Cohen of The Roebling Group and Michael Rao of New York Commercial Realty Group. Simone Development Companies was represented by its in-house leasing and legal teams alongside Ryan Shay of Shay Property Group, the exclusive broker for the property.
560 South Third Avenue features on-site parking, high clear ceiling heights, a drive-in and loading dock, and is conveniently located near the Hutchinson River Parkway, I-95 North and South, U.S. Route 1, and public transit through the Bee-Line Bus #52 and #54.
ABOUT SIMONE DEVELOPMENT COMPANIES
Simone Development Companies is a privately owned, full-service real estate investment firm specializing in the acquisition, development, and management of healthcare, mixed-use, retail, office, industrial, and residential properties. The company’s reach extends across New York City and its suburbs including Long Island, Westchester County, Orange and Fairfield Counties and New Jersey.
Over nearly five decades, this third-generation, family-owned business has built a portfolio exceeding 7 million square feet. The organization’s vertically integrated team manages every stage of the project lifecycle, from finance and construction to leasing and property management. Simone Development Companies is set apart by this comprehensive approach, a commitment to long-term asset ownership, and a proven track record of transforming vacant and underutilized sites into vibrant developments that elevate communities.
Learn more at https://simonedevelopment.com/
Simone Development Announces Leasing 28,500 SF of Industrial Space at 545 Franklin Avenue, Mt. Vernon
60,368 SF Property is Fully Leased Underscoring Enduring Demand for High-Quality Industrial Space in Mount Vernon
MOUNT VERNON, NY (May 2026) — Simone Development Companies has announced signing two leases totaling 28,500 square feet of industrial space at 545 Franklin Avenue in Mount Vernon, NY. The 60,368-square-foot industrial building is now fully leased.
“The successful leasing at 545 Franklin Avenue underscores the enduring demand for high-quality industrial space in Mount Vernon. By reaching 100% occupancy, we have once again demonstrated the value of strategically located assets in Southern Westchester, which remains a critical ‘last mile’ corridor for the New York City metropolitan area,” said Joanna Simone, President of Leasing and Property Management Operations for Simone Development Companies. She added, “The industrial market in Mount Vernon and Southern Westchester is incredibly resilient, driven by a limited supply of modern flex space and a growing need for regional distribution hubs. Our team’s deep expertise in this sector allows us to revitalize well-positioned properties and attract diverse, stable tenants.”
545 Franklin Avenue features on-site parking and outdoor lots, high clear ceiling heights, drive-in and loading docks, and is conveniently located near the Hutchinson River Parkway and I-95 and offers easy access to public transit through the Bee-Line #55.
About Simone Development Companies
Simone Development Companies is a privately owned, full-service real estate investment firm specializing in the acquisition, development, and management of healthcare, mixed-use, retail, office, industrial, and residential properties. The company’s reach extends across New York City and its suburbs including Long Island, Westchester County, Orange and Fairfield Counties and New Jersey.
Over nearly five decades, this third-generation, family-owned business has built a portfolio exceeding 7 million square feet. The organization’s vertically integrated team manages every stage of the project lifecycle, from finance and construction to leasing and property management. Simone Development Companies is set apart by this comprehensive approach, a commitment to long-term asset ownership, and a proven track record of transforming vacant and underutilized sites into vibrant developments that elevate communities.
Learn more at https://simonedevelopment.com/
March of Dimes Westchester/Fairfield Real Estate Awards Breakfast Honors Susan Fox and Mark Stagg
March of Dimes Westchester/Fairfield Real Estate Awards Breakfast Honors Susan Fox and Mark Stagg
Event Breaks Fundraising Record
(Westchester, NY) November 14, 2025 – March of Dimes NY/NJ Market, the leading organization fighting for the health of all moms and babies, honored Susan Fox, President & CEO of White Plains Hospital and Regional Senior Vice President for the Hudson Valley, Montefiore Einstein, received the Martin S. Berger Lifetime Achievement Award which was presented by Joseph Simone, President of Simone Development Companies who is a past recipient of the award.
Mark Stagg, Founder & President of Stagg Group, received the prestigious March of Dimes Real Estate Award. The award was presented by Adolfo Carrion Jr., Deputy Mayor of New York City for Housing and Economic Development and Workforce. The 2025 Westchester/Fairfield Real Estate Awards Breakfast was held on Thursday, November 13, 2025, at Brae Burn Country Club in Purchase, NY.
The event brought together leaders from the real estate and construction industries to celebrate those making an incredible impact on their communities while supporting the mission of March of Dimes – fighting for the health of all moms and babies. The 38th annual breakfast drew nearly 500 attendees and raised over $1.3 million, a new record, to support March of Dimes research, programs, and advocacy that improve maternal and infant health outcomes.
Susan Fox has been recognized as one of Westchester County’s most influential executives and a visionary leader in healthcare transformation. Over the past decade, she has led White Plains Hospital through a period of extraordinary growth, forging strategic partnerships, recruiting top clinical talent, and expanding access to care across the Hudson Valley. Under her leadership, the hospital has become a tertiary care hub for Montefiore Health System and a regional leader in advanced healthcare delivery.
“It is an honor to be recognized by the March of Dimes. For more than 25 years, the March of Dimes and White Plains Hospital have partnered to advance maternal and infant health, and we are so grateful for their research and support which continues to help make the lifesaving work in our NICU possible,” said Fox. “I would also like to congratulate Mark Stagg on receiving the Real Estate Award, and thank him for his tireless work within our community.”
Mark Stagg has been creating homes for nearly 30 years. Through his leadership of the Stagg Group, he has built more than 5,000 market rate and affordable housing units, with more than 3,000 additional units in the pipeline. His projects, including The Riverdale Tower in the Bronx, West View Apartments in New Rochelle, and Whitlock Point in the Bronx, reflect his unwavering commitment to providing high-quality, affordable housing for working families. His philanthropy extends beyond his business, supporting community causes such as Thanksgiving food drives, Camp Bronx, and the continued expansion of White Plains Hospital.
“On behalf of Stagg Group and my family, we are humbled to be recognized for our work in the real estate community and for our support of the March of Dimes,” said Stagg. “We also want to congratulate Susan Fox and thank all of the sponsors for their support of the important work that the March of Dimes does to improve health conditions for all mothers and infant children.”
The Westchester/Fairfield Real Estate Awards Breakfast was emceed by News 12 Network’s Emmy Award-winning Anchor/Host/Reporter Tara Rosenblum and co-chaired by Patricia Valenti, Executive Managing Director for Newmark, and Don
Bucci, Managing Director for JLL. “It is my honor and privilege to serve as co-chair of the March of Dimes Westchester/Fairfield Real Estate Awards Breakfast and to
have the opportunity to support the important mission of ensuring babies have the best possible start,” said Valenti.
This year’s event sponsors include the Kylie and Louis R. Cappelli Foundation, Stagg Group and White Plains Hospital, along with many other corporate and community supporters.
About March of Dimes
March of Dimes leads the fight for the health of all moms and babies. We support research, lead programs and provide education and advocacy so that every baby can have the best possible start. Building on a successful 80-year legacy of impact and innovation, we empower every mom and every family. Visit marchofdimes.org or nacersano.org for more information. Visit shareyourstory.org for comfort and support. Find us on Facebook and follow us on Instagram and Twitter.
Simone Development Companies, Montefiore Einstein Hospital, and Yondr Honored by the Center for Educational Innovation
Executives Recognized for Work Advancing the Student Experience
NEW YORK , NY (September 18, 2025) – Simone Development Companies, a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail and residential properties, was recently honored by the Center for Educational Innovation (CEI) at their annual gala at the Plaza Hotel in Manhattan.
Pictured left to right are: Allan McLennan, Board Member, CEI; Dr. Michael Kohlhagen, President/CEO, CEI; Joe Simone, president of Simone Development Companies; Judy Roth Berkowitz, Chair Emerita, CEI; Patrick Duff, Chairman, Board of Directors, CEI; Gail Badillo, Board Member, CEI; and Dr. Meisha Porter, Visiting Senior Fellow, CEI. Photo by Don Pollard
Joe Simone, president of Simone Development Companies, accepted the award on behalf of the organization for the company’s ongoing efforts to expand access to education and create opportunities for students in the Bronx.
“I’m deeply honored to accept this recognition from CEI on behalf of Simone Development Companies. We are proud to continue our support of initiatives that strengthen STEAM education and healthcare-focused programs in the Bronx and beyond, preparing the next generation for future success,” said Mr. Simone. “Thank you to CEI for this meaningful recognition and for your continued commitment to ensuring every child has access to a quality education.”
In addition to Simone Development, Montefiore Einstein Hospital was also recognized with awards presented to former Assemblyman Marcos A. Crespo, now continuing his advocacy for public health and quality of life as Senior Vice President of Community Affairs at Montefiore Einstein, and former Bronx Borough President Ruben Diaz, Jr., now Senior Vice President of Strategic Initiatives for the hospital.
Rounding out the honorees was Graham Dugoni, founder and CEO of Yondr, a pioneer in creating phone-free spaces. Yondr has partnered with thousands of schools across New York State to transform the school day experience and with venues worldwide to create phone-free concerts and events.
CEI is a nonprofit education organization located in New York City and a recognized leader in advancing meaningful reforms in public education. CEI’s mission is to make the school the center and driving force of public education reform and innovation, working directly with teachers, school leaders, and the community to create the schools their children need to succeed. CEI’s vision is to help build a public education system where every child has access to an excellent school.
Supermarket Turned Warehouse Holds 53rd Annual Bronx Ball
A former Bronx supermarket at 1720 Eastchester Rd., recently redeveloped and converted by Simone Development Companies into a 190,000-square-foot warehouse and distribution center in the Morris Park section of the Bronx, was once again transformed, this time into a ballroom to host the 53rd Annual Bronx Ball. The event marked the culmination of borough-wide Bronx Week
Bronx Borough President Vanessa L. Gibson and The Bronx Tourism Council co-hosted the event, one of the highlights of Bronx Week and the official celebration of this year’s inductees to the Bronx Walk of Fame. Rhonda James of E218 Events Management; Ralph Mercado of Ralph Mercado Enterprises; and Ruben Rodriguez of Havana Catering collaborated on the Bronx Ball interior transformation.
“For a long time, the East Bronx has had a critical need for new, modern last-mile warehouse distribution centers to serve the growing delivery needs of the well-established residential communities in the area,” said Joe Simone, president of Simone Development Companies. “We are honored that the organizers recognized this transformation and selected our property to host the annual Bronx Ball.”
https://www.connectcre.com/stories/supermarket-turned-warehouse-holds-53rd-annual-bronx-ball/