Simone Development Companies Meeting Growing Demand for Warehouse Space

Joe Simone, President of Simone Development Companies, is a visionary developer whose company which owns and manages more than 6 million square feet of commercial property in the tri-state region, has always been ahead of the curve in anticipating major shifts in the real estate market.

“With the explosion in e-commerce, the market for industrial warehouse space has emerged as today’s hottest sector in commercial real estate with demand outstripping supply. As more consumers shop online, retail companies are requiring additional space for distribution centers,” said Mr. Simone.

Simone said the supply of well-located warehouse space is particularly tight in the suburbs north of New York City where many old industrial buildings are being converted into new residential mixed-use apartment complexes. What’s more, many of the municipalities have rezoned industrial site for residential uses thereby limiting the potential for building new warehouse space in the suburbs.

To meet this growing demand for warehouse space in the northern suburbs, Simone acquired a prime warehouse property in downtown Stamford. The property offers the largest block of contiguous warehouse space available in Stamford.

“The flexibility of this building is one of its best attributes. Tenants will find the expansive parking, ceiling heights and large lot and opportunities for tailgate loading very attractive. The property’s location just minutes from I-95 is also a big selling point,” said Mr. Simone.

2021-09-13T10:55:34-04:00March 1, 2019|
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Boyce Thompson Center Welcomes New Healthcare Tenants to Its Roster

Joe Simone, President of Simone Development Companies has announced that the Boyce Thompson Center, an innovative 85,000-square-foot mixed-use center in Northwest Yonkers, has announced signing 12,724 square feet in new leases to three healthcare tenants bringing the center to more than 90% percent leased.

“We are delighted at the pace of leasing activity at this innovative mixed-use building. The new tenants are all healthcare companies that are attracted to our center’s unique blend of healthcare and retail. This is the trend in healthcare real estate today and Simone Healthcare Development is leading the way with exciting projects,” said Mr. Simone.

New tenants include ENT & Allergy Associates, Metro Vein Centers and Motion PT Group. “ENT and Allergy, Metro Vein and Motion PT are all existing tenant medical tenants in the Simone Development portfolio. Their decision to expand at our newest property is a testament to our shared vision, relationship and track record.” said Mr. Simone. “Not only does each medical office provide excellence in healthcare for the residents of the area, but they will also bring new skilled employment opportunities to the vibrant City of Yonkers,” Mr. Simone added.

Major healthcare tenants at the Boyce Thompson Center include St. John’s Riverside Hospital, WESTMED Medical Group, ColumbiaDoctors, Riverside Dental Health, Westchester Gastroenterology, Juvanni Med Spa and Family Wellness Pharmacy. Retail tenants include Starbucks Coffee, ISO Japanese Restaurant, Fortina Restaurant, The Taco Project, Executive Wine & Spirits, Tompkins Mahopac Bank, PLUSHBLOW Salon and Ultimate Spectacle.

2021-09-08T16:56:30-04:00July 1, 2018|
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Joe Simone, President of Simone Development Companies, Leading the Way as Developer of State-of-the-Art Medical Facilities

By delivering the most advanced customized and strategic real estate solutions to today’s consumer-driven healthcare industry, Joe Simone, President of Simone Development Companies, is recognized as the premier developer of medical offices and ambulatory care facilities for New York, Connecticut and New Jersey’s leading healthcare providers.

Of Simone Development Companies’ 7 million square foot portfolio, Simone Healthcare Development owns and operates more than 2 million square feet of healthcare real estate leased to an impressive roster of healthcare principals including Montefiore Medical Center, NewYork-Presbyterian/Columbia University Medical Center, Mount Sinai Health System, Northwell Health, Westmed Medical Group, ENT & Allergy Associates, St. John’s Riverside Hospital and Affinity Health Plan.

The company’s healthcare properties span the entire tri-state area and are located in Westchester County, Fairfield County, Long Island, the Bronx, Manhattan and Northern New Jersey. In Westchester, Simone’s healthcare properties include the Boyce Thompson Center in Yonkers and Purchase Professional Park in Purchase, to name just two of many successful developments.

“Simone Development’s growth in the healthcare real estate field coincides with the major changes under way in how healthcare services are being delivered today and in the future. The industry’s age-old model of the community hospital is giving way to a focus on bringing healthcare directly to the community through outpatient services and urgent care facilities. Healthcare providers are now being challenged to provide a full range of services under one roof in a convenient and patient friendly environment,” said Mr. Simone.

Nowhere is this more evident than in the 280,000-square-foot Ambulatory Care Center that Simone Healthcare Development created for Montefiore Health System at the Hutchinson Metro Center. The first “bedless hospital” in the New York Metropolitan region, the building is designed to provide a healing environment and offer patients an array of services in a central location including primary and specialty care visits, diagnostic imaging and surgery.

“The key to our success in healthcare real estate is our ability to provide full-service development including site selection, project design, financing, specialized technological expertise, construction management and property management once the project is completed. Healthcare executives are in the business of healthcare, not real estate. By partnering with us, they can strategically focus their resources on growing their hospital or medical practice by investing in programs, people and new technology. Today’s healthcare environment is rapidly changing. With our deep understanding of the healthcare industry, we are ideally positioned to be a major player in one of the fastest growing sectors of our economy,” said Mr. Simone.

2022-05-10T10:50:39-04:00April 1, 2018|
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Joe Simone, President of Simone Development Companies, Welcomes Starbucks to Boyce Thompson Center in Yonkers

Joe Simone, President of Simone Development Companies, welcomed Starbucks Coffee as it officially opened its new location at Simone’s Boyce Thompson Center in Yonkers, NY.

“We are delighted that Starbucks Coffee, one of the world’s most successful companies, has officially opened at the Boyce Thompson Center. Starbucks is an exciting addition to our tenant roster and will serve as destination point for area businesses and the general public,” said Mr. Simone.

The Boyce Thompson Center features a wide array of healthcare tenants including St. John’s Riverside Hospital, Westmed Medical Group, ColumbiaDoctors, Riverside Dental Health, Westchester Gastroenterology, Juvanni Med Spa, ENT & Allergy Associates, Metro Vein Centers and Motion PT Group.

“The combination of medical and retail tenants is proving to be a winning formula for the Boyce Thompson Center. Tenants are attracted by our convenient location near major highways and the unique architectural design of this landmark and historic property,” said Mr. Simone.

2021-09-08T16:40:51-04:00August 1, 2017|
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Simone Development Companies Celebrates Grand Opening of Boyce Thompson Center in Yonkers

For nearly four decades, the Boyce Thompson Institute plant research center building in Yonkers, NY sat abandoned and deteriorating, its walls covered in graffiti, greenhouses in ruins and grounds overgrown.

Joe Simone, President of Simone Development Companies joined with Yonkers City Officials to celebrate the remarkable transformation of this historic building into the Boyce Thompson Center, an innovative 85,000-square-foot mixed-use center featuring premier office/medical space, retail stores, restaurants and banking.

“The grand opening celebration represented an important milestone for Simone Development and the City of Yonkers. What was once an eyesore will now be generating tax revenue for the City, creating jobs and bringing new retail and healthcare services to the residents of Yonkers and nearby Rivertown communities. We are especially pleased to be preserving an important piece of history for Yonkers and Westchester County,” said Mr. Simone, the developer of the $35 million project.

Built in the 1920s, the property was acquired by Mr. Simone whose company meticulously restored the main building to its original character with a glorious new plaza and fountain.

Joe Simone said the adaptive repurposing of the Boyce Thompson Center provided the company with a unique development opportunity. “Not only are we restoring an important historic building, we are also creating a mixed-use development that incorporates state-of-the-art medical space with retail, restaurants and other services. As healthcare becomes more consumer-driven, facilities such as the Boyce Thompson Center will become more attractive to medical practices and ambulatory care facilities that want to be located in an environment that offers patients and employees easy access to retail stores, restaurants and free parking,” Mr. Simone said.

2021-09-08T16:42:09-04:00May 1, 2017|
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Joe Simone, President of Simone Development Companies Announces Major New Lease at Boyce Thompson Center

Joe Simone, President of Simone Development Companies, has announced that WESTMED Medical Group, a large, Purchase-based multi-specialty medical practice, has signed a long-term lease for 20,000 square feet at the Boyce Thompson Center, an exciting new 85,000-square-foot mixed-use center nearing completion in Yonkers, NY.

“We are very pleased at the level of leasing activity we are seeing at the Boyce Thompson Center. This unique and innovative project is attracting a wide range of tenants including medical practices, restaurants and retail. We look forward to our opening this fall,” said Mr. Simone.

WESTMED will occupy two floors at the Boyce Thompson Center in a new 20,000 square foot building constructed on the south side of original Boyce Thompson building and connected to it by glass-covered connector corridor between the buildings that provides access to the lower level. The complete line-up of specialty medical practice providers at the new WESTMED location are still to be determined.

With the new lease, the Boyce Thompson Center is now over 70 percent pre-leased to 11 tenants. Located off Executive Boulevard in Northeast Yonkers, the Boyce Thompson Center is an innovative mixed-use development featuring Class A office space for businesses and medical practices, retail stores, banking and restaurants.

2021-09-08T16:43:50-04:00September 1, 2016|
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Joe Simone, President of Simone Development Companies, Acquires Industrial Showroom/Office Flex Property in Port Chester

Joe Simone, Simone Development Companies, has announced the acquisition of a fully-occupied, two-story, 65,000 square-foot industrial flex property at 21 Grace Church Street in Port Chester, NY.

“This property represents a rare find in the Port Chester market, a modern flex building with 22-foot ceiling heights, a 32,000 square-foot warehouse, two loading docks and modern, air-conditioned office space all under one roof. The existing tenants are successful, long-time businesses based in Port Chester and this acquisition preserves these home-grown jobs while providing an excellent long-term investment opportunity for Simone Development,” said Mr. Simone. Existing tenants include Empire Coffee and AlbumX Corporation doing business as Renaissance Albums.

2021-09-08T16:44:46-04:00August 1, 2016|
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Joe Simone, President of Simone Development Companies, Welcomes Dental Group to Purchase Professional Park

Joe Simone, President of Simone Development Companies, has announced that One Dent of Westchester, a newly formed multi-specialty dental practice headed by Dr. Stuart Graber, has leased 10,000 square feet of office space at 3020 Westchester Avenue in Purchase Professional Park, a class A medical office campus owned and developed by Simone Healthcare Development and Fareri Associates. One Dent integrates four dental practices from the White Plains area and will offer general dentistry and all dental specialties under one roof as a single provider.

“We have positioned Purchase Professional Park as Westchester’s best address for modern healthcare practices, and it’s gratifying to add One Dent to the great mix of medical offices here,” said Mr. Simone.

Purchase Professional Park in Purchase, NY, has become a magnet for major medical practices seeking large blocks of high-quality space in a central location. Situated on Westchester Avenue in the heart of Westchester’s Platinum Mile (I-287), the Purchase Professional Park combines first-class office and medical space, exceptional amenities and one of the most convenient office locations in the region. The park-like campus features four modern buildings (3000, 3010, 3020 and the new 3030 Westchester Avenue) totaling roughly 220,000 square feet of Class A office and medical space.

2021-09-08T16:45:56-04:00January 1, 2016|
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Joseph Simone, President of Simone Development Companies, Acquires Industrial Showroom/Office Flex Property in Port Chester

koe Simone, President of Simone Development Companies, has announced that Fortina, one of the region’s most exciting restaurants, is coming to Simone’s 85,000-square-foot mixed-used Boyce Thompson Center in Yonkers.

“It is a proud moment for Simone Development Companies and the City of Yonkers to welcome Fortina, one of the area’s most popular restaurants, to the Boyce Thompson Center. Fortina will bring a new level of energy to the local dining scene and be an important dimension of our mixed-use community center,” said Mr. Simone.

“Fortina builds on the momentum of leasing success that we have experienced at the Boyce Thompson Center. We recently announced that St. John’s Riverside Hospital, which is the largest community hospital in Westchester County, is leasing a freestanding building at the center. Adding exciting retail such as Fortina is part of our strategy to create a unique mixed-use environment with healthcare and retail. This is the wave of the future for healthcare facilities,” Mr. Simone said.

2021-09-08T16:47:08-04:00November 1, 2015|
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Simone Development Companies Celebrates Grand Opening of Marriott Residence Inn at Metro Center Atrium Complex

In a major milestone for the Bronx, Joseph Simone, President of Simone Development Companies joined with community and elected leaders to celebrate the grand opening of the Bronx’s first upscale brand hotel, the 125-room Marriott Residence Inn, the centerpiece of Simone Development’s new Metro Center Atrium mixed-use project.

“We’re thrilled that Marriott, one of the world’s premier hospitality companies, chose this location. Metro Center Atrium is unique in the Bronx – there’s nothing quite like it available anywhere else in the Borough. This truly is a landmark event for Metro Center Atrium, for our company, and for the Bronx,” said Mr. Simone.

“The Marriott Residence Inn has already been a hit with business executives, hospital visitors to the nearby Bronx Medical Mile and tourists alike, averaging over 80% occupied during the initial pre-marketing shake-out period, an occupancy rate that usually takes over six months to accomplish and speaks volumes about the need for such a quality lodging alternative in the Bronx,” said Mr. Simone.

Metro Center Atrium is a 370,000-square-foot office/retail/hotel complex that Simone Development recently completed as the latest addition to its 42-acre, multi-building Hutchinson Metro Center campus.

2021-09-08T16:48:14-04:00June 2, 2015|
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Joe Simone Joins with Yonkers Officials Celebrate Groundbreaking of Boyce Thompson Center

Joe Simone, President of Simone Development Companies, joined with local officials and community leaders to mark the grand opening of Simone’s new Throggs Neck Shopping Center in the Ferry Point section of The Bronx.

“This wonderful new retail center is yet another example of how Simone Development is helping to transform and revitalize the New Bronx with innovative commercial and retail projects that create new jobs and boost the Bronx economy,” said Mr. Simone.

“The new Throggs Neck Shopping Center is a prime example of our dedication to repurposing vacant and under-utilized commercial property in the New York metropolitan area. We acquired this site in 2011. The property had been used as a Postal Service equipment transfer station for many years and had been closed since 2010. What was once a vacant property is now a thriving retail center creating jobs and providing local residents with national brand name retailers and restaurants including Target, TJ Maxx, Famous Footwear, Sleepy’s, Petco, Skechers, Starbucks. and Applebee’s, to name few,” Mr. Simone said.

2022-05-10T11:04:23-04:00June 1, 2015|
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Simone Development Companies Joins with WESTMED Medical Group for Grand Opening of WESTMED’s HQ at Purchase Professional Park

Joseph Simone, President of Simone Development Companies, joined with executives of WESTMED Medical Group as well as local and county officials to mark the grand opening of its WESTMED’s fifth full-service office in Westchester County. The new four-story, 85,000- square-foot medical office building is located 3030 Westchester Avenue in the newly renamed Purchase Professional Park in Purchase, NY. The grand opening marks the first new office construction along the I-287 corridor in more than 25 years.

Simone Healthcare Development and Fareri Associates recently completed a major renovation and modernization of the existing buildings and common areas at the Purchase Professional Park.

“The renovations and modernizations we have made at the Purchase Professional Park are a significant investment by our company that will clearly position this complex as the choice location for medical practices and business professionals in Westchester County. We are particularly excited about the addition of WESTMED Medical Group’s full-service facility at 3030 Westchester Avenue, which is one of the most technologically advanced medical buildings in the region,” said Mr. Simone, whose Simone Healthcare Development Group partners with hospitals and large medical practices in the site selection, acquisition, design, construction and management of the state-of-the-art medical facilities.

2021-09-08T16:50:34-04:00May 1, 2015|
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