First Student, Leading School Bus Company, Renews Lease for 31,000 Square Feet at 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.
One Sound Shore Drive
One Sound Shore Drive
Greenwich, CT
One Sound Shore Drive is a 65,000-square-foot Class A multi-tenant corporate office building that is the former headquarters of the American Tobacco Company. 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. One Sound Shore is owned in partnership with Fareri Associates, LP, a Greenwich-based real estate investment and development firm.
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Joe Simone, President of Simone Development Companies Announces Over 76,000 SF of New Leases at 316 Courtland Ave., Stamford, CT
Joe Simone, President of Simone Development Companies, has announced that Beacon Exterior Products and Amphenol Nexus Technologies have signed over 76,000 square feet of new leases at the company’s 316 Courtland Avenue in Stamford, CT.
“We are thrilled to welcome two remarkable industry leaders to 316 Courtland Avenue,” said Joe Simone. “The flexibility of the building and outdoor storage areas are some of its best attributes. Both Beacon and Amphenol Nexus were attracted to the expansive parking, ceiling heights and central access to Southern Fairfield County.”
Beacon Exterior Products, one of the largest distributors of residential and commercial roofing and complimentary building products in North America, has signed a new long-term lease of a combined 45,000 square feet of indoor and outdoor warehouse and distribution space. The lease includes 25,000 square feet of warehouse and office space and 20,000 square feet of yard space for additional storage.
Amphenol Nexus Technologies, a leader designer and manufacturer of scientific instruments such as audio plugs, jacks and push-button switches for the automotive, broadband, instrumentation, internet, military/aerospace and wireless infrastructure markets, has signed a new long-term lease of 31,134 square feet of indoor space to be used for manufacturing and assembly.
Joseph Simone said the 118,500-square-foot property features 1.1 acre of outdoor storage, clear span warehouse space with ceiling heights from 12 to 25 feet, an elevator to the second floor of the office space, abundant parking and ample power. The property is conveniently located only a mile from I-95 and a half mile from the Glenbrook train station. Only 12,000 square feet of warehouse space and 5,000 square feet of office space remain available at the property.
Joseph Simone of Simone Development Companies Sees Remote Working to Spur Healthcare Development
Healthcare real estate developer Joe Simone foresees an increase in non-downtown medical projects as providers relocate from urban office cores to serve their remotely working patients.
“Many commuters who formerly worked in urban cores patronized doctors and medical practices that were easily accessible from the office,” said Joseph Simone, President of the Simone Development Companies, a leading developer of healthcare facilities. “However, the boom in remote working that started during the pandemic emptied urban office cores. Patients are now forced to find healthcare services close to home, which means the suburbs and other residential areas.”
In recent weeks, news reports nationwide have asked when or if office workers will return to central business districts. While the post-pandemic recovery is still incomplete, there is a growing consensus that many office workers will stay home. Additionally, a national exodus of residents in urban cores for more suburban locations has created housing-price spikes in rings around almost every major U.S. metropolis.
“We’ve just witnessed a great relocation of Americans and the healthcare sector hasn’t caught up yet,” said Simone. “This mass movement of people represents tremendous opportunities for agile health providers that can pivot from urban cores to the suburbs.”
A good example is Simone’s 644 West Putnam Avenue property in Greenwich, Connecticut., a commuter community in New York City’s northern suburbs. The mixed-use building offers 19,000 square feet of ground floor retail space and 20,000 square feet of second floor office/medical/retail space.
“People in the urban core are moving to communities like Greenwich, but they still want the specialty shopping and services of a dense urban environment,” Joseph Simone said.
Joe Simone, President of Simone Development Companies, Announces Advanced Therapy and Performance Leased More Than 12,000 SF at 316 Courtland Ave. in Stamford, CT
Joe Simone, President of Simone Development Companies, Announces Advanced Therapy and Performance Lease of More Than 12,000 SF at 316 Courtland Avenue in Stamford, CT.
Joe Simone, President of Simone Development Companies, has announced that Advanced Therapy and Performance, LLC, a leading provider of physical therapy and training from rehabilitation to elite performance, has leased 12,060 square feet for a new facility at 316 Courtland Avenue in Stamford, CT. The long-term lease brings the property to 94% occupancy, with only 6,000 square feet of office space remaining for lease.
“We are pleased to welcome such a high-profile tenant as Advanced Therapy and Performance to our property at 316 Courtland Avenue, which is now almost fully leased,” said Joseph Simone. “ATP assists clients with everything including orthopedic and performance screening, sport rehabilitation and targeted professional level physical performance. Flexibility and Simone Development’s vision for the leasing of the property were key factors that attracted ATP to this outstanding location.”
The Advanced Therapy and Performance team brings an integrative approach to rehab and training. By leveraging the specialties of each Integrated Performance Coach and Therapist, their treatment and training teams collaboratively utilize all modalities in the therapy and performance training community to get the fastest results possible for clients.
The 116,500-square-foot property offered the flexibility of layout that Advanced Therapy and Performance required, with clear span space and ceiling heights from 12 to 25 feet, abundant parking and ample power. The property is conveniently located only a mile from I-95 and a half mile from the Glenbrook train station.
Advanced Therapy and Performance Lease More Than 12,000 SF at Simone Development Companies’ 316 Courtland Avenue in Stamford, CT
Simone Development Companies has announced that Advanced Therapy and Performance, LLC, a leading provider of physical therapy and training from rehabilitation to elite performance, has leased 12,060 square feet for a new facility at 316 Courtland Avenue in Stamford, CT.
The long-term lease brings the property to 94% occupancy, with only 6,000 square feet of office space remaining for lease. Franco Fellah from HK Group II, Inc. represented the tenant in the lease negotiations, while the owner was represented by Kevin Langtry of Newmark.
“It’s been a real pleasure working with Josh Gopan at Simone and Kevin Langtry at Newmark finalizing this important expansion for Advanced Therapy and Performance,” said Mr. Fellah of HK Group II.
The Advanced Therapy and Performance team brings an integrative approach to rehab and training. By leveraging the specialties of each Integrated Performance Coach and Therapist, their treatment and training teams collaboratively utilize all modalities in the therapy and performance training community to get the fastest results possible for clients.
“Advanced Performance and Therapy is a great addition to 316 Courtland’s diverse mix of thriving tenants,” SAID Mr. Langtry of Newmark. “Simone Development really took a creative approach in adapting to what the market brought and has transformed the building into a unique asset.”
The 116,500-square-foot property offered the flexibility of layout that Advanced Therapy and Performance required, with clear span space and ceiling heights from 12 to 25 feet, abundant parking and ample power. The property is conveniently located only a mile from I-95 and a half mile from the Glenbrook train station.
“We are pleased to welcome such a high-profile tenant as Advanced Therapy and Performance to our property at 316 Courtland Avenue, which is now almost fully leased,” said Josh Gopan, AVP of Leasing for Simone Development. “ATP assists clients with everything including orthopedic and performance screening, sport rehabilitation and targeted professional level physical performance. Flexibility and Simone Development’s vision for the leasing of the property were key factors that attracted ATP to this outstanding location.”