Press Releases

Simone Development Companies and Fareri Associates Announce 4,694 SF in Renewals at Purchase Professional Park

PURCHASE, NY (December 18, 2024) — Simone Development Companies and Fareri Associates have announced 4,694 square feet of long-term lease renewals at 3010 Westchester Avenue at Purchase Professional Park.

Northwell Health Physician Partners is renewing in their 2,850 square-foot space, which provides the highest quality in pediatric orthopedics to the NY Metro region.

Aesthetic Podiatry & Sports Medicine Center is also renewing and expanding into a 1,844 square-foot space within the building, adding a surgery center. The practice specializes in podiatry for adults and children, offering the most updated, innovative and advanced technologies to treat foot and ankle conditions.

“The renewals of these two outstanding healthcare providers are a testament to the vitality of this campus, which has become a hub of medical excellence along Westchester Avenue,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies.

The lease transactions were handled by in-house leasing and legal teams.

There are just two remaining spaces at 3010 Westchester Avenue: 1,025 square feet on the second floor and 4,605 square feet on the fourth floor. There are also two available spaces at the adjacent 3020 Westchester Avenue: 3,587 on the third floor and 7,585 on the fourth floor.

Located on Westchester Avenue in the heart of Westchester’s “Medical Mile” along I-287, Purchase Professional Park combines Class A medical and professional office space and exceptional amenities, including an on-site BoBo’s Cafe, fitness center, 24/7 building access with state-of-the-art camera security, a landscaped courtyard with seating areas, on-site owner management and abundant complimentary parking. The campus is located directly off I-287, the Hutchinson River Parkway and I-684, and is just 10 minutes from Westchester County Airport.

The campus features four modern buildings (3000, 3010, 3020 and 3030 Westchester Avenue) totaling 220,000 square feet of Class A medical and office space. 3030 Westchester Avenue is an 85,000 square-foot medical building that is fully leased to Westmed Medical Group/Summit Health, a large multi-specialty group medical practice.

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.

ABOUT FARERI ASSOCIATES

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.

2024-12-19T10:48:37-05:00December 19, 2024|

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 77^th 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 77^Th 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 77^th 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.

2024-12-18T15:04:50-05:00December 16, 2024|

Mayor Spano and Council Members Join with Simone Development for Holiday Tree Lighting at Boyce Thompson Center

Holiday Tree Lighting 2024 at the 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

2024-12-11T16:39:26-05:00December 4, 2024|

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.

2024-10-29T09:34:43-04:00October 24, 2024|

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.

2024-12-11T13:22:15-05:00October 23, 2024|

Simone Development Companies and Fareri Associates Join with Numisma Bank to Celebrate Ribbon Cutting at One Sound Shore Drive, Greenwich

Fareri Associates / Numisma Bank Ribbon Cutting

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.

About Fareri Associates

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.

About Numisma Bank

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.

2024-12-17T15:27:19-05:00October 21, 2024|

Simone Development Companies Signs Long-Term Lease with Northwell Health for New Pharmacy Center in Melville, NY

Melville, NY – October 17, 2024 – Simone Development Companies has signed a long-term lease with Northwell Health, Inc. for a new, 19,162 square-foot location at 40 Melville Park Road in Melville, NY. Northwell Health will use the space for a new pharmacy fulfillment center and related administrative offices at the 55,686 square-foot single-story property.

Simone Development Companies was represented by in-house leasing and legal teams in the negotiations. Darren Leiderman of Colliers represented Northwell Health.

“Simone Development Companies is thrilled to continue our longstanding relationship with Northwell Health in creating a new pharmacy distribution center and related administrative space for one of the region’s leading healthcare providers,” said Joanna Simone, President of Leasing and Property Management Operations at Simone Development Companies. “In alignment with our shared commitment to advancing comprehensive healthcare solutions, this new facility marks a significant step forward in our dedication to ensuring efficient and timely access to pharmacy services for the communities we serve.”

Northwell Health, New York State’s largest healthcare provider and private employer, serves Melville and communities throughout Long Island and the tri-state area, offering multiple specialties including family medicine, cardiology and interventional cardiology services, endocrinology, gastroenterology, pulmonology, urology, rheumatology, and general, colorectal and oncology surgery. This facility offers a conveniently accessible pharmacy fulfillment center and administrative services supporting this leading network of healthcare providers.

Conveniently located within minutes of commuter rail stations of the Long Island Railroad and easily accessible via I-495/the Long Island Expwy, the property at 40 Melville Park Road offers easy access to Suffolk and Nassau counties and beyond.

2024-10-22T10:00:52-04:00October 17, 2024|

Simone Development Companies Announces Opening of Material Conversations Fall/Winter Exhibit at The Gallery of ARTFul Medicine

Susan Byrnes brings together a variety of methods to explore the conversations created by the assemblage of stitch, gestural drawing, and piece work

BRONX, NY (October 9, 2024) – Simone Development Companies announced the opening of Susan Byrnes’ Material Conversations exhibit at The Gallery of ARTFul Medicine, located in the lobby of Simone Development’s Hutchinson Metro Center’s Tower One at 1250 Waters Place in the Bronx. Byrnes’ exhibition features 12 textiles depicting memories real and imagined. It is now open to the public and will run through January 6th from 8 a.m. to 6 p.m. Monday through Friday.

(Photo Credit: Lori Adams)

Born in New York City, Byrnes spent her early years immersed in the arts, studying photography, studio art and art history. Her career began as a photo stylist, which led to the opening of her photography studio in lower Manhattan, where she worked with editorial, advertising, and private clients. As an educator, she has also taught photography to all age groups, as well as producing educational films.

Her artistic expression evolved with the introduction of fabric and thread into her practice with the beginnings of the series of Drawing Conversations. Since then, she has expanded her exploration in fabric and thread. Her photographs, paintings and fabric constructions have been exhibited nationally and internationally.

“Art can console by inviting the viewer to travel away into a place of beauty and joy,” said Susan Byrnes. “My textiles seek to create a sense of warmth and comfort and provide a positive distraction for all to enjoy.”

“We are excited to feature Susan Byrnes’ exhibit at the Gallery of ARTFul Medicine,” said Jodi Moise, director of the Fine Art Program and Collection at Montefiore Einstein. “The exhibit showcases the use of fabrics and textures, with each work creating a dialogue between its elements by creating new conversations between line, color and shape.”

The Gallery of ARTFul Medicine encourages artists to interpret scientific/medical research and create works of art depicting issues of cultural, political, and technological significance. The Gallery is a key component to Montefiore’s Fine Art Program and Collection, an innovative visual arts program that fosters a life-affirming, restorative and supportive environment for patients, families, caregivers, students, faculty, and staff. Montefiore’s Fine Art Program and Collection at Montefiore Einstein is now one of two healthcare entities with art programs featured on the Bloomberg Connects app.

2024-10-15T11:28:03-04:00October 9, 2024|

Arsen’s Gym Leases 9,000 SF at Simone Development Companies’ 316 Courtland Avenue in Stamford, CT

STAMFORD, CT – October 8, 2024 – Simone Development Companies has announced that Arsen’s Gym has signed a new, long-term lease for a 9,000 square-foot fitness facility at 316 Courtland Avenue in Stamford, CT. The new gym is Arsen’s sixth location and will feature a range of equipment, including cardio machines, boxing bags, free weights, and cable machines.

Arsen’s Gym signs lease at 316 Courtland Ave property

Simone Development Companies was represented by in-house leasing and legal times along with Kevin Langtry from RM Friedland, who also represented the tenant in the lease.

“We are very pleased to welcome Arsen’s Gym to our property at 316 Courtland Avenue,” said Josh Gopan, Vice President of Leasing for Simone Development Companies. “This addition complements our existing fitness-oriented tenants at the property, including Advanced Therapy & Performance and Empowered Aerial Fitness. Arsen’s Gym is a valuable asset to the local community and will enhance the overall fitness landscape and offering in the area.”

The new lease brings occupancy to 95% at the property, with just two remaining spaces available for 2,508 square feet and 3,500 square feet, respectively. The 115,453-square-foot building offers flexible layout options, an elevator to the second floor, and abundant parking with 243 spaces. 316 Courtland Avenue is also conveniently located just a mile from I-95 and a half-mile from the Glenbrook train station.

2024-10-15T11:27:54-04:00October 8, 2024|

Simone Development Companies, Stagg Group are AI Sponsors of Bronx Chamber Gala Featuring Anything is Possible Theme, Robot Emcee

Humanoid Master of Ceremonies Shows Possibilities of AI at Bronx’s Largest Business Event

(Bronx, NY – October 1, 2024) – Anything is Possible was the theme as The Bronx Chamber of Commerce held its 21st Annual Gala on September 19 at Marina del Rey in the Throggs Neck section of the borough. The 2024 Gala showcased the transformative advancements made possible for commerce in the Bronx and beyond by artificial intelligence, featuring SOPHIA, an AI-powered humanoid Master of Ceremonies created by Hanson Robotics. Bronx-based developers Simone Development Companies and Stagg Group served as AI sponsors for the event.

“The Bronx Chamber is thrilled to be the first association to feature the one-of-a-kind SOPHIA and provide an experience for the Chamber network to experience her vast capabilities, demystifying AI and demonstrating its potential to fuel the growth of our business community,” said Lisa Sorin, president of the Bronx Chamber of Commerce. “More than 600 members, partners and supporters gathered together to recognize the contributions of our honorees with an eye toward the future of commerce in our borough and beyond.”

SOPHIA, a humanoid robot that served as emcee for the event, was developed by scientists at Hanson Robotics with a persona “combining cutting- edge work in symbolic AI, neural networks, expert systems, machine perception, conversational natural language processing, adaptive motor control and cognitive architecture.” She is able to recognize human faces, see emotional expressions, and express her own human-like emotional responses. She can generate her own ideas and behaviors, while holding meaningful conversations with people. She is designed to serve real world uses in medicine, education, and scientific research.

The program was co-hosted by Michael Max Knobbe, Executive Director of BronxNet Community Television, and featured a live performance by Bronx-born singer Steven Maglio as well as other local entertainers.

“Simone Development Companies is proud to support the ongoing work of the Bronx Chamber of Commerce and to highlight, along with our co-sponsor Stagg Group, the limitless potential of artificial intelligence as a tool for business growth,” said Joe Simone, president of Simone Development Companies. “The annual Chamber gala offers a wonderful opportunity to recognize our fellow businesses and celebrate the fact that anything is possible when we work together.”

The 2024 Bronx Chamber Gala honored four organizations who have demonstrated their commitment to strengthening the Bronx business community through their distinct contributions:

D&J Transportation – Business of the Year
Monroe University – Community Organization of the Year
Lemle & Wolff Companies – Developer of the Year
Amazon – recipient of the Joseph P. Kelleher Award of Excellence

“Our honorees this year exemplify the innovation, dedication, and resilience that drive the Bronx forward,” said Anthony Mormile, Chairman of the Bronx Chamber Board of Directors. “Each has made a unique impact on our community that we are proud to celebrate. As we honor their achievements, we are also excited to showcase the future of commerce with SOPHIA, who embodies the potential of technology for business. This event not only reflected on past successes, but also looked ahead to the limitless possibilities that AI can bring to our borough.”

Special thanks were extended to the 2024 Gala Sponsors:

Bronx AI Sponsors: Simone Development Companies, Stagg Group
Bronx Champions: Amazon, D&J Transportation, Lemle & Wolff
Bronx Partners: DoorDash, Bally’s Casino, Monroe University
Bronx Supporters: Affinity by Molina Healthcare, KZA Realty Group, Ponce Bank, Empire City Casino by MGM Resorts, Orange Bank & Trust Co., Woodlawn Cemetery & Conservancy, Montefiore, RiteCheck, Kasirer, and Eye Mind Strategies

The annual Gala raises vital unrestricted funding for the Bronx Chamber, with 100% of all contributions supporting its business and economic development programs.

2024-10-02T11:04:09-04:00October 1, 2024|

Simone Development Companies Welcomes NewYork-Presbyterian to Medical Office Building at 2510 Westchester Avenue in the Bronx

BRONX, NY (September 23, 2024) – Simone Development Companies announced that NewYork-Presbyterian, one of the nation’s most comprehensive, integrated academic healthcare systems, has signed a 10,189 square-foot long-term lease at Simone Development’s medical office property at 2510 Westchester Avenue in the Bronx.

Simone Development was represented by in-house leasing and legal teams in direct negotiations with the tenant.

“We are pleased to welcome NewYork-Presbyterian to one of the East Bronx’s top medical office properties,” said Joe Simone, President of Simone Development Companies. “NewYork-Presbyterian’s presence at 2510 Westchester Avenue complements the outstanding medical tenant roster at this facility.”

“NewYork-Presbyterian is dedicated to providing the highest quality care to patients and the communities we serve, and we look forward to expanding our care in the Bronx community,” said Joe Ienuso, Group Senior Vice President, Facilities and Real Estate of NewYork-Presbyterian. “At this new location, patients can access exceptional obstetrics and gynecology care, as well as primary care services.”

Existing tenants at the three-story, 60,000 square-foot property located just steps from the Westchester Square #6 subway station include multiple specialties like orthopedics and sports medicine, physical therapy and chiropractic, behavioral health, acupuncture, and more.

2024-09-25T16:11:06-04:00September 23, 2024|

Intricate Bay Partners Signs Long-Term Lease at One Sound Shore Drive in Greenwich, CT

GREENWICH, CT (September 18, 2024) – Simone Development Companies and Fareri Associates announced that Intricate Bay Partners signed a long-term lease totaling 2,021 square feet of executive and administrative office space at One Sound Shore Drive in Greenwich, CT.

One Sound Shore Drive, Greenwich, CT

Simone Development Companies and Fareri Associates were represented by Newmark’s James Ritman and Allan Murphy alongside in-house leasing and legal teams while Newmark’s Janey Steinmetz represented Intricate Bay Partners.

“We are very pleased to welcome Intricate Bay Partners to their new Greenwich location at One Sound Shore Drive,” said Joanna Simone, President of Leasing and Property Management Operations at Simone Development Companies. “Given our close proximity to I-95, the Cos Cob train station, and downtown Greenwich, we feel that this is a prime location for Class A office users in the area.”

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.

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 office 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.

2024-09-25T16:12:55-04:00September 18, 2024|

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