644 West Putnam Avenue

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.

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.

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.

“We are thrilled to welcome two remarkable industry leaders to 316 Courtland Avenue,” said Josh Gopan, Director of Leasing for Simone Development. “The flexibility of the building and outdoor storage areas are some of its best attributes. Both Beacon and Nexus were attracted to the expansive parking, ceiling heights and central access to Southern Fairfield County.”

Only 12,000 square feet of warehouse space and 5,000 square feet of office space remain available at the property.

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.