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Simone Development Companies Meeting Growing Demand for Warehouse Space

Visionary Joe Simone Ahead of the Curve on Latest Trend

STAMFORD, CT (March 2019) — 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.



About Simone Development Companies Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of office, retail, industrial and healthcare properties in the New York tristate area. Headquartered in the Bronx, the privately held company owns and manages more than 6 million square feet of property in the Bronx, Westchester County, Queens, Long Island, New Jersey and Connecticut. The company’s portfolio includes more than 100 properties and ranges from multibuilding office parks to retail and industrial space.
Joe Simone - President - Simone Development - Warehouse Real Estate
Joe Simone, President, Simone Development
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