AdaptHealth Inks Renewal and Expansion to Occupy Simone Development’s Entire 1185 Commerce Ave. Building in The Bronx

BRONX, NYJune 22, 2022Simone Development Companies has announced that full-service home medical equipment company AdaptHealth has signed a 13,256-square-foot lease expansion and renewal at Simone’s 1185 Commerce Avenue building in The Bronx. AdaptHealth is expanding its footprint from 27,845 square feet to 41,101 square feet, occupying the entire building. Simone’s Josh Gopan, Vice President of Leasing, represented ownership in the lease negotiations, while AdaptHealth was repped by Cleva/Philips Real Estate Services Corp.

AdaptHealth serves over 3 million patients annually across 47 states, making it one of the foremost companies in home medical equipment services. Through their network of local suppliers, AdaptHealth offers a wide breadth of clinically driven products and services designed to help patients adapt to life in the home including sleep and respiratory therapy, diabetes management supplies, mobility products, wound care, non-invasive ventilation, and nutrition.

“We are thrilled to announce AdaptHealth is expanding their footprint at 1185 Commerce and taking over the full building,” said Josh Gopan, Vice President of Leasing at Simone Development. “AdaptHealth was first attracted to 1185 Commerce Ave in 27,845 square feet and their expansion is a testament to the building’s ideal location as well as its unique characteristics, including 17-foot ceiling heights, loading dock and overhead doors and expansive outdoor space.”

Simone Development’s 1185 Commerce Ave is a newly renovated industrial building made up of 41,101 square feet of warehouse and office space as well as 30,452 square foot of available land space. The property is walking distance from the #6 train and ideally located near both the Hutchinson River Parkway and the Cross Bronx Expressway, providing access to the rest of the city as well as the Tri-state area and beyond. The property is also close to several retailers including Target and Home Depot.

2022-09-21T09:15:15-04:00September 21, 2022|

NAVADERM Inks 6,400 SF Lease at Throggs Neck Shopping Center

Simone Development Companies Welcomes Dermatology Platform at the Now 100% Leased Bronx Shopping Center

BRONX, NYJune 27, 2022Simone Development Companies has announced that NAVADERM has signed a 10-year, 6,400-square-foot lease at the Throggs Neck Shopping Center in the Ferry Point section of The Bronx, bringing the 12-year-old shopping center to full occupancy.

Karnit Mosberg of Royal Properties represented the owner in the deal while Avison Young’s Michael Blue represented the tenant.

NAVADERM joins a remarkable and extensive group of tenants including retailers Target, TJ Maxx, Petco, Party City, and Skechers as well as restaurants Cap’t Louis Seafood Boil, Charleys Philly Steaks, Starbucks, Applebee’s, Subway, Chipotle, Sarku Japan, among others.

“We are proud to announce NAVADERM brings the incredibly successful Throggs Neck Shopping Center to full occupancy,” said Josh Gopan, AVP of Leasing for Simone Development. “The shopping center has remained incredibly attractive to both retailers and shoppers, even as we continue to navigate the pandemic’s aftermath. The center’s diverse roster of tenants along with its remarkable accessibility and ample parking have kept it as one of the Bronx’s most sought-after shopping centers.”

Since its construction by Simone Development Companies in 2010, Throggs Neck Shopping Center has created hundreds of new jobs and boosted the borough’s economy. The 300,000-square-foot, large-scale retail development is conveniently located at the intersection of Lafayette Avenue and the Hutchinson River Parkway, boasting secure free parking for over 600 cars and anchored by a 165,000+ square-foot Target department store, one of the most active in the nation.

2022-06-28T11:28:15-04:00June 28, 2022|

Joseph Simone of Simone Development Says New AI Lab Underscores New York City’s Attractiveness

BRONX, NY (May 2022) — Joseph Simone of Simone Development Companies says Absci’s recent announcement that it will open an artificial-intelligence research lab in New York City is another sign that start-ups want to be close to young talent conducting noteworthy research.

“Institutions like Columbia University have graduate and doctoral students conducting cutting-edge research in artificial intelligence, life sciences and oncology, so companies like Absci need to be where the talent lives,” said Joseph Simone, president of Simone Development Companies.

The Vancouver, Washington-based Absci recently announced that it will open its research lab at the Carnegie Hall Tower in Manhattan. The location puts Absci’s lab a short subway ride from Columbia University, Google, and the Samsung AI Center.

“Growing companies want to be where the talent lives and studies. The need for proximity to talent is one reason why Simone Development Companies is enthusiastic about our Hutchinson Metro Center, which is a short walk from a major medical research center—the Einstein College of Medicine,” said Patricia Simone, Principal and President of Simone Management Group.

Simone Development Companies is in the process of expanding its Hutchinson Metro Center campus to include life-science-focused laboratories for medical research. The campus will sit next to a new Metro-North train station that will soon provide commuters direct access in 25 minutes to Penn Station and New York City’s other innovation corridors.

The research excellence and entrepreneurial vision of faculty at the Einstein College of Medicine contributed to the recent announcement that the faculty will receive two 2022 XSeed Awards to advance promising basic science findings that have start-up potential. As the Einstein faculty’s research progresses, they will build relationships with investment groups and licensing partners to further develop their discoveries.

“The Hutchinson Metro Center is ready to provide space to any of the start-ups launched by the new research coming out of the Einstein College of Medicine,” said Mrs. Simone.

2022-05-23T12:19:37-04:00May 11, 2022|

R.A.I.N. Honors Joseph Kelleher of Simone Metro Properties

BRONX, NY (May 2022) — Joseph Kelleher, president of Simone Metro Properties, was honored for his ongoing support of Regional Aid for Interim Needs Total Care, Inc. (R.A.I.N.) at the Bronx-based service provider’s Sixth Annual Golf Outing on May 3rd at the Leewood Golf Club in Westchester County. For the past 58 years, R.A.I.N. has offered compassionate, quality care through a continuum of services for people with disabilities of all ages, including the operation of full service older adult centers; delivery of over 1,600 meals to homebound elderly; transportation services for medical appointments; home care; benefits and entitlements assistance; case management and Alzheimer’s caregiver support services; and operation of the Cucina Dolores Mobile Food Kitchen program. Pictured with Mr. Kelleher (left) at the event is R.A.I.N. President and CEO Anderson Torres, PhD, LCSW-R.

Mr. Kelleher has been a long-time supporter of R.A.I.N. He joined Simone in 2003 to direct the leasing and management of the Hutchinson Metro Center, the company’s highly successful mixed-use complex in the Pelham Bay section of the Bronx, featuring 1.4 million square feet of Class A office, medical, retail and educational space, a Marriott hotel and top-notch amenities including a café, conference center, pharmacy, fitness center, car wash and more in a 42-acre landscaped campus setting. Kelleher also serves as President of the Bronx Chamber of Commerce and as an Adult Leader for The Boy Scouts of America.

Simone Metro Properties is a division of Simone Development Companies, a full-service real estate investment company specializing in the acquisition and development of healthcare, office, retail, industrial and residential properties. Headquartered in the Bronx, the privately held company owns and manages more than 7 million square feet across 130 properties in the Bronx, Westchester County, Queens, Long Island, New Jersey and Connecticut.

2022-05-10T12:47:53-04:00May 1, 2022|

Joseph Simone Sees Vertical Cluster Design as Model for Life Sciences Development

BRONX, NY (April 2022) — Joseph Simone of Simone Development Companies says that vertical cluster design will be one of his firm’s life-sciences development strategies in urban settings.

“Vertical cluster design is an ideal solution for the dense urban and suburban regions where our company operates,” said Joe Simone, President of Simone Development Companies. “Particularly in New York City, real estate developers interested in building life sciences labs and offices must design in very limited acreage, which means the only solution is building tall towers.”

Vertical cluster design is a concept promoted by architecture firms like the Boston- and New York City-based SGA, which has developed a 24-story, 750,000-square-foot tower for densely populated cities like San Francisco or London. The vertical prototype takes a horizontal life-sciences campus and stacks it in a tower format while maintaining essential collaboration spaces.

Towers employing vertical cluster design have steel superstructures with 33-foot structural bays and 15-foot, floor-to-floor heights to provide ceiling heights necessary for the mechanical needs of laboratories. Air handler needs, power requirements, gas storage, plumbing, and HVAC requirements also affect the design of the building.

Simone Development Companies’ proposed Hutchinson Metro Center South Campus is a suitable location for vertical cluster design towers. The 33-acre multi-use South Campus will eventually offer 1.9 million-square-feet of facilities for business and medical offices, education, research and development, retail and hospitality.

“We have watched the life-sciences and biotech boom with excitement about the possibilities for our new South Campus,” said Patricia Simone, Principal and President of Simone Management Group. “Our Bronx location is ideally situated a short walk from a major research hospital and next to a future commuter train station that will eventually offer the east Bronx a 20-minute ride to Grand Central Terminal in Manhattan.”

The South Campus site is adjacent to the 42-acre Hutchinson Metro Center North Campus, a successful urban redevelopment that includes 1250 Waters Place — a 280,000-square-foot Class A medical office building fully leased to Montefiore Medical Center’s ambulatory care center. The 11-story building includes 12 operating rooms and four procedure rooms and it was the first “bedless hospital” in the New York Metropolitan Region.

2022-05-10T13:04:49-04:00April 8, 2022|

Simone Development Acquires Mixed-Use Retail/Healthcare Property at 459 East 149th Street for $32 Million

BRONX, NY (April 2022) — Simone Development Companies the leading Bronx-based developer, has purchased Triangle Plaza Hub, a 50,000 square-foot grocery anchored retail and medical office condominium in the Bronx’s Mott Haven neighborhood for $32 million from Triangle Equities.

Steven Rutman, Rob Hinckley, Karl Brumback, Andrew Scandalios and Madison Warwick of JLL represented the seller in the transaction.

Located at 459 East 149th Street, Triangle Plaza Hub features a healthcare and food-centric tenant-mix anchored by Fine Fare supermarket and Sun River Health. Other tenants at the property include DaVita, Dunkin, Boston Market and VistaSite Eyecare. The LEED certified complex was built in 2015 and is 97% occupied, with just 1,522 square feet available for rent. Metropolitan College of New York occupies 26,000 square feet at the property under separate ownership.

“Simone Development is extremely excited to add this mixed-use property to our portfolio. Supermarket and healthcare anchored centers provide essential services to the neighborhood that work well together and these assets proved to be extremely durable investments during the pandemic,” said Joseph Simone, president of Simone Development Companies. “Located in one of the Bronx’s fastest growing neighborhoods, Triangle Plaza Hub provides essential healthcare and retail amenities to the community.”

Triangle Plaza Hub is situated on a prime corner in a highly trafficked neighborhood and located within a three-minute walk of the 149th Street station serving the #2 and #5 subway lines. The property’s on-site parking offers tenants and customers convenient accessibility.

2022-05-10T12:55:45-04:00April 1, 2022|
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