Healy Electric Contracting Signs New Lease for 16,750 SF at 1 Zeiss Drive in Thornwood

1 Zeiss Drive, Thornwood, NY

1 Zeiss Drive, Thornwood, NY

THORNWOOD, NY (March 2024) — Simone Development Companies has announced that Healy Electric Contracting has signed a new lease for 16,750 square feet of space at 1 Zeiss Drive in Thornwood, NY.

Ownership was represented by Michael Rao and Frank Rao from New York Commercial Realty Group (NYCRG) and the tenant was represented by William Cuddy from CBRE.

“We are very pleased to welcome Healy Electric Contracting to our growing roster of tenants at 1 Zeiss Drive who are attracted to the many benefits this outstanding building has to offer in terms of practical facility needs as well as amenities” said Josh Gopan, Vice President of Leasing for Simone Development Companies. 

Located on over 12 beautifully landscaped acres, 1 Zeiss Drive is a 120,000-square-foot, two-story prime industrial/flex/office building. The elevatored building features six loading docks, 3 drive-in doors, 14’-18’ ceiling heights, direct loading from the second floor with two overhead doors, and 190 parking spaces in a campus-like setting with an atrium lobby, conference rooms, cafeteria, and office space. Current tenants include Home Depot, DiBari Engineering and Piedmont Plastics. 

The building currently has approximately 55,000 square feet of warehouse and office space on the second floor available with flexible divisions remaining. The second-floor space features reinforced floor loads and two drive-in doors. 

2024-03-28T09:31:22-04:00March 28, 2024|

Simone Development Companies and Fareri Associates Join with Release Recovery to Celebrate Ribbon Cutting at Purchase Professional Park for Release Recovery’s First Outpatient Facility

3020 Westchester Avenue Ribbon Cutting

From left to right: Neal Hoontis, Charles Lerner, Margaret Ross, Joe Zappone, Rick Goldstein, Caryn Rude, Matt Rinklin, Joanna Simone, Joe Simone, Zac Clark, Michael McCormick, Laura Sorte, Jordan Rabner, Blake Porter, Scott Apgar, Howard Murray, Westchester County Board of Legislators Chairman Vedat Gashi and Westchester County Legislator Nancy Barr

First Outpatient Facility for Release Recovery in NY State

PURCHASE, NY (March 20, 2024) — Simone Development Companies and Fareri Associates joined with Release Recovery today at Purchase Professional Park to celebrate the ribbon cutting of the mental health company’s new 7,698 SF outpatient facility at 3020 Westchester Avenue. This is Release Recovery’s first outpatient treatment facility in New York State.

Release Recovery is an organization that helps individuals and their families recover from substance use and mental health disorders through best-in-class, bespoke treatment and transitional living.

At the 3020 Westchester Avenue location—which now features multiple treatment spaces, a yoga room, and a lobby boasting mid-century modern furniture and a living moss wall—Release will offer intensive outpatient programs for substance use and mental health disorders. Counseling services such as individual, group, family, and experiential therapy will also be provided, as well as medication management and Medication-Assisted Treatment with Release’s board-certified chief medical officer, Dr. Michael McCormick.

“We are very pleased to welcome Release Recovery’s first outpatient treatment facility to our roster of prestigious medical tenants at Purchase Professional Park and we are proud to help provide an exceptional space for those in recovery to receive clinical and medical services,” said Joanna Simone, Principal and President of Leasing and Property Management Operations for Simone Development Companies.

“For nearly a decade, we’ve been creating safe, structured transitional living programs. To be able to enter a new category like this—to amplify the work we’re already doing by pairing it with exceptional clinical and medical services—is a dream come true. We’ll now be able to utilize out-of-network insurance benefits, which will allow us to cast a wider net and ultimately help more people,” said Release Recovery CEO Zac Clark.

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, exceptional amenities and one of the most convenient office locations in the region. The campus is located directly off I-287, the Hutchinson River Parkway and I-684, and is 10 minutes from Westchester County Airport.

The beautifully landscaped 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.

Purchase Professional Park offers a wealth of tenant 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.

Matthew Lisk of Cushman and Wakefield and Sean Heneghan, Assistant General Counsel at Simone Development represented Simone Development Companies in the lease transaction.

2024-03-22T09:34:31-04:00March 22, 2024|

Simone Development Signs UrgentWay to Long-Term Lease for Urgent Care Center at 2826 Westchester Ave. in the Bronx; Property is Now Fully Leased

BRONX, NY – February 22, 2024 – Simone Development Companies has announced UrgentWay, a leading provider of walk-in medical services with locations throughout New York City and Long Island, has signed a long-term, 2,000-square-foot lease for an urgent care center at 2826 Westchester Avenue in the Pelham Bay section of the Bronx. The property is now fully leased.

This location is also home to the Steppingstone Day School, a leading provider of early childhood and other family services.

UrgentWay was represented by Sinovsky Realty Services. Simone Development Companies was represented by in-house leasing and legal teams.

UrgentWay building at 2826 Westchester Avenue

“UrgentWay is a key component to this vital health and day care location serving Pelham Bay and surrounding communities,” said Josh Gopan, Vice President of Leasing at Simone Development Companies.

The property at 2826 Westchester Avenue is a two-story, 19,250 square-foot mixed-use medical, office and community services building that is handicap accessible and conveniently located near public transportation. The property also offers ample parking.

2024-02-20T13:55:26-05:00February 22, 2024|

Simone Development Companies Signs Expansion and Welcomes New Tenant to Flushing, NY Property

Flushing Expansion February 21,2024 at 35-30 Francis Lewis Blvd

FLUSHING, NY (February 21, 2024) – Simone Development Companies has signed a new lease and an expansion for a combined total of nearly 16,000 square feet of prime medical space at 35-30 Francis Lewis Blvd in the Flushing section of Queens, NY. The two-story, 37,421 square-foot retail and medical center now has only three remaining available spaces.

ENT and Allergy Associates has signed a long-term lease expansion and renewal, growing their medical private practice from 1,800 to 10,000 square feet. The tenant was represented by Jonathan Serko of Cushman & Wakefield and ownership was represented by Miles Mahony of RIPCO Real Estate.

Additionally, Solaris Health has signed a new, 6,000-square-foot, long-term lease at the property and was represented by Wayne Steinberg of Highline Real Estate Advisors. Ownership was represented by Jordan Baruch and Matthew Kucker of Colliers International.

“We are thankful to ENT and Allergy Associates for their continued trust in 35-30 Francis Lewis Blvd and we are thrilled to see their vision come to life in their new, expanded space,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies. “We would also like to welcome Solaris Health to the property, as they are a perfect fit to an already robust tenant roster of medical and service retail.”

The three remaining available spaces consist of two on the first floor (1,736 and 3,283 square feet) and one on the second floor (4,600 square feet). Beyond ENT and Allergy Associates and Solaris Health, the property’s tenants include Gentle Dental World, Family Speech Language Pathology, Huntington Learning Center, and Daniel Gale Associates, Inc. of East Norwich.

35-30 Francis Lewis Blvd is strategically located near the Clearview Expressway and within walking distance of the Long Island Railroad Port Washington line, MTA Q28 and Q76 bus routes, providing convenient access to the rest of the city and the Tri-State area. The property recently underwent exterior renovations and offers plenty of on-site parking. With prominent signage exposure in a heavily trafficked area, it presents an ideal locale for businesses seeking visibility.

2024-02-20T13:50:21-05:00February 21, 2024|

American Heart Association in NYC Marks 100th Anniversary

Healthcare Real Estate Executive Joe Simone of Simone Development Companies Named 2024 Centennial Chair of the Heart of New York City campaign

NEW YORK, NY, February 1, 2024 —The new year marks the 100th birthday of the American Heart Association and the start of the organization’s Bold HeartsTM campaign, a celebration of a century of profound impact on heart health and well-being.

Leadership of the signature campaigns of the American Heart Association in New York City have demonstrated their commitment to the transformative work ahead in the second century. The bold leadership needed to catapult the American Heart Association’s next 100 years of relentless work and transformative innovation starts today.

The 2024 New York City chairs are:

  • Joe Simone, President, Simone Development Companies and 2024 Centennial Chair of the Heart of New York City campaign.
  • Tifphani White-King, Principal, US National Tax Practice Leader for Mazars and Centennial Chair of the 2024 New York City Go Red for Women® movement.
  • Michael Kruse, Managing Director and Head, Global Banking and Markets, U.S., Scotiabank and 2024 Centennial Chair of the New York City Heart Challenge.

Beginning a new century of mission critical work, the organization continues its steadfast commitment to making the bold moves needed for new paths of scientific discovery, eradicating barriers to health equity and advocating for healthy policy so that every member of the New York City community has the opportunity for a longer, healthier life. That pledge to the community is shared with likeminded community leaders and organizations who are relentless in their support to eliminate heart disease and stroke in the new century.

“The American Heart Association’s centennial is a celebration of the lifesaving achievements and shared vision for a bold new century that will exponentially advance heart and brain health,” said Joe Simone, President, Simone Development Companies, 2024 Centennial Chair of the Heart of New York City campaign and member of the New York City board of directors. “With a focus on the work that lies ahead, bolstered by a commitment to learn from the past, the Association celebrates what it has accomplished, thanks to the hard work and dedication of generations of volunteers and donors.”

Since its founding on June 10, 1924, the American Heart Association, devoted to a world of healthier lives for all, has helped transform the nation’s health and significantly reduce heart disease and stroke death rates. But there is much work to be done.

“As we close out our first 100 years and begin the next, our work remains as important as ever. Throughout the last century, the American Heart Association has moved health and well-being forward in important and critical ways,” said Brian Kingston, CEO of Brookfield’s Real Estate business and Chair of the American Heart Association New York City board of directors. “As we head into our second century, our focus remains on fueling science and innovation, funding lifesaving research and supporting the rights of patients and care givers, to empower healthier communities and advance the way we live, work and play.”

“This relentless pursuit will continue until heart disease and stroke are the stories of our past and not of our future. A world with equitable health and well-being fuels a future that is yours to create,” said Tifphani White-King, Principal, US National Tax Practice Leader for Mazars and Centennial Chair of the 2024 New York City Go Red for Women® movement. “We know we can’t do this work alone. Volunteers, donors and advocates are key to accelerating this lifesaving work.”

With relentless resolve for the future of our lifesaving work and equitable health for all people, we are deeply grateful to those who have already boldly stepped forward to generously support our Second Century Campaign. Second Century Cornerstone recognizes a company or individual who has made a seven-figure donation.

New York City cornerstone donors include: Atria Health Collaborative, Elizabeth Elting Foundation, and Mother Cabrini Health Foundation.
Other New York City Second Century campaign supporters include:

Rose Caiola/Bettina Equities, BNY Mellon, Brookfield, Centers Health Care, Citi, Compass One Healthcare, Cristina Civetta and Ed Scheetz, Cushman & Wakefield, EY, Joanne Dunbar, Kingston Family Trust, KPMG, Mazars, Mount Sinai Heart, New York Community Trust, New York-Presbyterian, Northwell Health, NYU Langone Health, Paul Hastings LLP, Pfizer, Scotiabank, Simone Development Companies, The Estée Lauder Companies Inc., Unitex, Weil, Gotshal & Manges LLP, White + Warren.

“Heart disease is the No. 1 killer worldwide, and stroke ranks second globally. The American Heart Association is advancing health and hope for all and creating a vision for brighter tomorrows free from these diseases,“ said Natalia Cineas, DNP, RN, NEA-BC, FAAN, Senior Vice President, Chief Nursing Executive, Co-Chair, Equity and Access Council for NYC Health + Hospitals and President of the New York City American Heart Association board of directors.

“Progress doesn’t happen without Bold Hearts trailblazing new paths of scientific discovery, working tirelessly to remove barriers to health equity and advocating for healthier communities,” said Michael Kruse, Managing Director and Head, Global Banking and Markets, U.S., Scotiabank and 2024 Centennial Chair of the New York City Heart Challenge. “Throughout the past century, the American Heart Association has moved health and well-being forward in important and critical ways.”

The American Heart Association was founded by six cardiologists, but the distinguished achievements of the organization for the past century are the result of the passion of more than 40 million volunteers, supporters, employees, and more than $5 billion invested in scientific research.
To learn more about accomplishments in the first 100 years of the American Heart Association or how to participate in the Second Century campaign, visit heart.org.

2024-02-20T13:43:39-05:00February 1, 2024|

Simone Development Signs 10,300 SF in New Leases at Hutchinson Metro Center in The Bronx, NY

BRONX, NY – December 13, 2023 – Simone Development Companies has signed two new long-term leases totaling 10,300 square feet of medical and office space at the Hutchinson Metro Center in the Bronx, NY.

North Bronx Orthopedic and Spine Group has signed a long-term lease for 5,121 square feet of medical and office space at 1200 Waters Place while MJHS Health System (MJHS) has signed a long-term lease for 5,179 square feet of office space at Tower One at 1250 Waters Place. Simone Development Companies was represented by in-house leasing and legal teams for both transactions. North Bronx Orthopedic and Spine Group was represented in-house and CBRE’s Bill Jordan represented MJHS.

hutchinson metro center new leases

With roots dating back to 1907, MJHS is a premier not-for-profit provider of quality care across the greater New York area, including: home care, hospice and palliative care for adults and children, as well as Isabella and Menorah Centers for Rehabilitation and Nursing Care. Elderplan, which offers Medicare Advantage plans and HomeFirst, its managed long-term care plan, are also members of the MJHS family. MJHS is committed to helping care for, support, and guide patients, residents, and members of all backgrounds along their healthcare journeys and to closing gaps in care.

North Bronx Orthopedic and Spine Group is a fully licensed orthopedics and spine group providing outpatient care.

“The Hutchinson Metro Center, our mixed-use campus of medical, office, retail, hospitality and academic space, is currently home to over 80 leading businesses, healthcare and educational institutions as well as federal, state and city agencies, and we are thrilled to welcome North Bronx Orthopedic and Spine Group and MJHS to our tenant roster,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies.

Tower One at 1250 Waters Place at Simone’s Hutchinson Metro Center is a 285,000-square-foot Class A building with nine floors of prime medical, office and retail space, as well as conference centers and abundant free and valet parking and 24/7 security. In addition to MJHS Health System, Tower One is home to various other medical offices including Montefiore Medical Center and Motion PT. The property is also home to the popular Tower Café.

1200 Waters Place is a 433,000-square-foot modern building with three floors of Class A medical, academic, and office space as well as various amenities including a landscaped courtyard, fitness center, a teleconference center and free parking. North Bronx Orthopedic and Spine Group is joined at the property by major tenants including Mercy College and several city, state, and federal agencies.

2023-12-21T15:07:06-05:00December 13, 2023|

Simone Development’s 63,000 Square-Foot Retail Center at 260-262 Boston Post Road in Port Chester, NY, Is Now Fully Leased with the Signing of Two New Leases Totaling 4,485 SF

boston post road development fully leased

PORT CHESTER, NY (December 12, 2023) – Simone Development Companies has signed two new leases totaling 4,485 square feet of prime retail space at Post Road Plaza at 260-262 Boston Post Road (US Route 1) in Port Chester, NY. The 63,000 square-foot retail center is now fully leased.

Mercadito Farm has signed a new long-term lease for 3,485 square feet. It is a farmer’s market offering fresh produce, poultry, meat, fish, cold cuts, and other customary foods found in grocery stores, as well as beer and wine coolers.

H&R Block, the worldwide tax preparation company, has leased 1,000 square feet.

Representing Simone in both deals was Scott Meshil and Karnit Mosberg Royal Properties, Inc.

Located minutes off of I-95 and I-287 with close proximity to the Hutchinson River Parkway, Post Road Plaza was recently renovated, with new pylon signage, and includes free parking with parking lot upgrades in progress. In addition to anchor LA Fitness, existing tenants include European Wax Center, Mattress Firm, Nothing Bundt Cakes, Domino’s Pizza, Subway, Nailed It Spa, Pet Spa Center, Ella’s Beauty Lounge, and Wei Wong Kitchen.

“We are very pleased to have fully leased this 63,000-square foot retail center with a mix of service retail, national chains, and local businesses. Its close proximity to major highways and abundant free parking makes this an attractive location for today’s leading retailers,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies.

2023-12-21T15:13:14-05:00December 12, 2023|

First Student, Leading School Bus Company, Renews Lease for 31,000 Square Feet at 316 Courtland Avenue, Stamford

316 Courtland Avenue Stamford

STAMFORD, CT (November 2023) — Simone Development Companies has announced that First Student, North America’s leading school bus transportation company, has renewed a lease for 31,000 square feet of space at 316 Courtland Avenue, a 115,453-square-foot property in Stamford featuring warehouse/R&D and office space.

Both ownership and First Student were represented in-house.

“316 Courtland Avenue is the ideal facility for First Student, providing modern flexible space in a convenient location that is less than a mile from I-95 and the Glenbrook Metro-North train station,” said Josh Gopan, Vice President of Leasing for Simone Development Companies.

As a leading school transportation solutions provider in North America, First Student delivers reliable, quality services, including full-service transportation and management, special-needs transportation, fleet electrification, route optimization, and scheduling, maintenance, and charter services with a fleet of more than 44,000 vehicles.

316 Courtland Avenue property features include 1.1-acres of outdoor storage space, clear span warehouse space with ceiling heights from 12 to 17 feet, an elevator to the second floor of the office space, 9 drive-in bays, abundant parking with 243 total spaces and ample power. Other tenants in the building include Beacon Sale Acquisition, Advanced Therapy Performance, Amphenol Corp., and Empowered Aerial Fitness.

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.

2023-12-21T15:12:40-05:00November 29, 2023|

Simone Development Announces Fleet Pump & Service Group Signs Lease Renewal for Entire 31,255-Square-Foot Building at 455 Knollwood Road in White Plains

455 Knollwood Road, White Plains

455 Knollwood Road, White Plains

WHITE PLAINS, NY (October 2023) — Simone Development Companies has announced that Fleet Pump & Service Group Inc. has renewed a long-term lease for the entire 31,255-square-foot industrial building at 455 Knollwood Road in White Plains.

Josh Gopan, Vice President of Leasing, and Sean Heneghan, Assistant General Counsel, represented Simone Development in the lease transaction.

“Fleet Pump & Service Group is a long-time tenant of this building. We are very pleased to have them renew another long-term lease. This building is conveniently located minutes from the I-297 corridor and downtown White Plains,” Gopan said.

Founded in 1974, Fleet Pump & Service Group’s line of business includes providing plumbing, heating, air-conditioning, and similar work. Rick Rakow of Rakow Commercial Realty Group represented Fleet Pump & Service Group in the lease negotiation.

2023-12-21T15:11:41-05:00October 30, 2023|

Simone Development Announces Acquisition of One Executive Boulevard Office Building in the Heart of the North Yonkers Medical Mile

One Executive Blvd

133,768-Square-Foot, 4-Story Property to be Repurposed Into State-of-the-Art Medical Space

Building Strategically Located Within 1/4 Mile of 879,426 Square Feet of Existing Medical Space

YONKERS, NY (October 4, 2023) — In a major medical redevelopment that will enhance the “Medical Mile” in North Yonkers, Simone Development Companies has acquired One Executive Boulevard, a 133,768-square-foot, 4-story office building located within 1/4 mile of 879,426 square feet of existing medical office space.

Simone Development, a leader in the development of modern medical office space, has begun interior and exterior renovations to repurpose the property into a state-of-the-art medical building. Located on 6.7 acres at the intersection of Executive Boulevard and North Broadway, One Executive Boulevard offers excellent visibility and accessibility to major highways and mass transit with abundant parking. The seller was an affiliate of Robert Martin Company.

One Executive Boulevard complements the North Yonkers Medical Mile that includes Simone’s highly successful Boyce Thompson Center. The 85,000-square-foot mixed-use center features physician’s offices of St. John’s Riverside Hospital, Westmed/Summit Health, ENT & Allergy Associates, Columbia Doctors and other medical practices along with retail shops and restaurants.

One Executive Boulevard also neighbors Simone Development’s 1034 North Broadway, a 25,000-square-foot, recently renovated multi-tenant medical building that includes Northwell Health as well as Trust Specialty Pharmacy, the first pharmacy and drug compounding retail location in Yonkers.

Other well-known healthcare providers within the North Yonkers Medical Mile include St. John’s Family Medical Practice, Elizabeth Seton Children’s Center, Riverhill Radiation Oncology, and Northway Medical Center.

One Executive Boulevard is conveniently located near three major hotels: Courtyard by Marriott, Residence Inn by Marriott and Hampton Inns & Suites with a total of 337 rooms.

“Our acquisition of this important property located in the heart of what we see as the North Yonkers Medical Mile fits perfectly with our vision for this vibrant and growing healthcare community. Our investment in the Medical Mile began with our redevelopment of the Boyce Thompson Center, which has successfully attracted top-level medical tenants. Moving forward, we foresee continued strength in the healthcare sector here with its easy access to Southern and Central Westchester, Riverdale and the North Bronx,” said Joe Simone, President of Simone Development Companies.

“This sale reflects Westchester’s evolving commercial real estate market,” stated Robert Martin Company CEO Tim Jones. “1 Executive Boulevard is well-positioned for medical redevelopment, and we are excited to see Simone Development expand its footprint in the local healthcare marketplace.”

“Simone Development’s vision for Yonkers continues to elevate our economy,” said Yonkers Mayor Mike Spano. “Investing in Yonkers’ growing healthcare industry is smart and brings more jobs and momentum to the city. I look forward to seeing the expansion of Yonkers’ Medical Mile.”

One Executive Boulevard currently has roughly 50,000 square feet of medical space available for lease. For more information, please contact Josh Gopan, Vice President of Leasing at Simone Development, or Jeremy Schwartz, Director of Leasing at Simone Development, at 718-215-3000.

2023-12-21T15:10:44-05:00October 25, 2023|

Simone Development Companies Acquires Former Bronx Supermarket Building for Planned Logistics Facility Conversion

BRONX, NY – October 6, 2023 – Simone Development Companies has acquired a property at 1720 Eastchester Road in the Morris Park section of the Bronx from Madison International Realty for an undisclosed price. The new owners plan on repositioning the property as a much-needed warehouse, distribution and logistics center for the East Bronx.

1720 Eastchester Road

The 186,298 square-foot logistics center at the corner of Eastchester Road and Waters Place, adjacent to Simone Development Companies’ 1.4 million square-foot Hutchinson Metro Center, formerly housed a 63,000 square-foot one-story Stop & Shop supermarket, a liquor store and a Subway restaurant.

Jonathan Squires, Managing Director in the Investment Sales Group at Cushman & Wakefield, along with Josh King, represented the seller in the sale. The new owners were represented by Simone Development Companies Senior Vice President of Development Megan Guy, Vice President of Development Brian Reardon, Vice President of Leasing Josh Gopan and in-house legal team of Dina Gupta and Sean Heneghan in the negotiations.

“This transaction was over four years in the making and incredibly complicated,” said Mr. Squires of Cushman & Wakefield. “We were grateful to have Madison International Realty as an extremely competent seller and Simone Development Companies as a buyer who comprehended the transaction and simplified the process due to their confidence in the property and their understanding of the local market.”

The 186,298 square-foot industrial logistics center features expansive outdoor parking, 18’ clear ceiling heights, multiple loading docks and drive-in doors. The property offers convenient access to local highways, and LaGuardia Airport, JFK and Westchester County airport can also be easily reached via a 17-, 25-, or 34-minute car ride, respectively.

“Centrally located within the NYC Metro Market, this location offers unprecedented access to all surrounding areas,” said Mr. Gopan. Simone Development has engaged Jonathan Squires, Josh Kleinberg, Josh Neustadter, Austin Weiner and Joe Hentz, Jr. of Cushman & Wakefield as the exclusive agents for the property.
“The East Bronx, particularly the neighborhoods of Morris Park, Williamsbridge, Pelham Bay and Throggs Neck, are in critical need of modern last-mile warehouse distribution centers to serve the growing delivery needs of these well-established residential communities,” said Mr. Reardon. “Simone Development Companies has decades of experience in the development, operation and leasing of industrial properties throughout the tri-state region and looks forward to the delivery of a modern facility at this site.”

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.

2023-10-09T14:43:22-04:00October 6, 2023|

Simone Development Announces ReadySpaces Signed Lease for Entire 110,300-Square-Foot Building at 250 E. Sandford Blvd, Mount Vernon

ReadySpaces Provides Next-Generation Commercial Warehousing and Workspace to Businesses Looking for Flexible, Turnkey Spaces

MOUNT VERNON, NY (August 2023) — Simone Development Companies has announced that ReadySpaces, a warehouse storage provider for small businesses, has signed a long-term lease for the entire 110,300-square-foot building at 250 E. Sandford Boulevard in Mount Vernon, NY.

Josh Gopan, Vice President of Leasing, and in-house counsel Patrick Doyle represented Simone Development in the lease transaction. “We are delighted to have ReadySpaces, a fast growing and innovative company, as our single tenant at 250 East Sandford Boulevard. This facility provides ReadySpaces with an abundance of modern industrial/flex space in a convenient location that offers easy access to major highways and public transportation,” said Gopan.

ReadySpaces, the leader in the co-warehousing industry, provides flexible warehouse space for small & mid-size businesses. ReadySpaces operates 32 warehouse facilities nationwide with a customer base of over 2,000 businesses, and more launches upcoming. The Mount Vernon location is the second in New York State and fifth in the NYC/North Jersey metro area.

“We’re excited to bring the ReadySpaces concept to Mount Vernon, meeting the high demand and customer enthusiasm we’ve seen in the NYC/North Jersey metro area. Our facilities are designed to empower local businesses with the flexible, dynamic spaces they need for growth in today’s competitive industrial market,” said Kevin Petrovic, Partner at ReadySpaces.

250 East Sandford Boulevard is a four-story, 110,300 square-foot industrial/flex R&D property. The facility offers floorplates of more than 18,000 square feet on the ground floor, more than 30,000 square feet on levels one and two and nearly 32,000 square feet on level three, and features 145 parking spaces, six loading docks, direct drive-in access on the ground level, and floor load capacity of 185 pounds per square foot.

Originally constructed in 1970, Simone acquired the property in September 2021 and commenced a renovation that included a new exterior façade, new windows, new elevator, the addition of a front-loading dock and complete paving and restriping of the entire three-acre site. The building’s redevelopment strategy takes advantage of the site’s topography by providing direct loading access on all four floors, offering flexibility for single-users or multiple full-floor tenants.

Located in Southern Westchester and bordering the Bronx, the site has convenient access to both public transportation and major highways, including I-95, I-87 and the Hutchinson River Parkway. In addition to a public bus stop at the site, the property is one half mile from the Mount Vernon East Metro-North train station.

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.

2023-10-05T11:13:42-04:00October 5, 2023|
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