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.”
644 West Putnam Avenue
644 West Putnam Avenue
Greenwich, CT
644 West Putnam Avenue is a modern mixed-use building featuring 19,000 square feet of ground floor retail space and 20,000 square feet of second floor office/medical/retail space. CVS occupies approximately 16,000 square feet on the ground floor. The building, which has direct access to West Putnam Avenue (Route 1) and Holly Hill Lane, is situated on a two-level parking garage. Westmed Medical Group/Summit Health occupies space on the second floor of the two-story building for medical offices and space on the ground level for an urgent care facility. 644 West Putnam Avenue was developed in partnership with Fareri Associates, LP, a Greenwich-based real estate investment and development firm.
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Simone Development Companies Announces Over 76,000 Sf of New Leases Signed at 316 Courtland Avenue in Stamford, CT
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.
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.