Simone Development Companies Signs Long-Term Lease with Northwell Health for New Pharmacy Center in Melville, NY
Melville, NY – October 17, 2024 – Simone Development Companies has signed a long-term lease with Northwell Health, Inc. for a new, 19,162 square-foot location at 40 Melville Park Road in Melville, NY. Northwell Health will use the space for a new pharmacy fulfillment center and related administrative offices at the 55,686 square-foot single-story property.
Simone Development Companies was represented by in-house leasing and legal teams in the negotiations. Darren Leiderman of Colliers represented Northwell Health.
“Simone Development Companies is thrilled to continue our longstanding relationship with Northwell Health in creating a new pharmacy distribution center and related administrative space for one of the region’s leading healthcare providers,” said Joanna Simone, President of Leasing and Property Management Operations at Simone Development Companies. “In alignment with our shared commitment to advancing comprehensive healthcare solutions, this new facility marks a significant step forward in our dedication to ensuring efficient and timely access to pharmacy services for the communities we serve.”
Northwell Health, New York State’s largest healthcare provider and private employer, serves Melville and communities throughout Long Island and the tri-state area, offering multiple specialties including family medicine, cardiology and interventional cardiology services, endocrinology, gastroenterology, pulmonology, urology, rheumatology, and general, colorectal and oncology surgery. This facility offers a conveniently accessible pharmacy fulfillment center and administrative services supporting this leading network of healthcare providers.
Conveniently located within minutes of commuter rail stations of the Long Island Railroad and easily accessible via I-495/the Long Island Expwy, the property at 40 Melville Park Road offers easy access to Suffolk and Nassau counties and beyond.
Simone Healthcare Development and Catholic Health Celebrate the Opening of New $47 Million Ambulatory & Urgent Care Center in Centereach, Long Island
Simone Transformed a Former Retail Building Into
a 63,000 SF State-of-the-Art, Multispecialty Care Center
CENTEREACH, NY (August 2, 2023) – Simone Healthcare Development and Catholic Health today joined with officials from the Town of Brookhaven to celebrate the opening of Catholic Health Ambulatory & Urgent Care at Centereach, a new multispecialty care center featuring primary care and specialty services as well as walk-in urgent care.
The new state-of-the-art center is part of Catholic Health’s growing network of multispecialty care centers, complete with diagnostic imaging, an on-site pharmacy, and a dedicated suite where Catholic Health’s gastroenterologists can perform endoscopy procedures in a safe, comfortable and convenient environment outside the hospital setting.
Simone Healthcare Development, a division of Simone Development Companies and a leader in medical office and ambulatory care facility development, acquired the 63,000 square foot facility located at 2112 Middle Country Road from Ocean State Job Lot, the largest closeout retailer in the Northeast, in 2022. Simone Healthcare Development has invested $30 million into the redevelopment of the property and is leasing the new healthcare facility to Catholic Health. Ocean State Job Lot continues to own and operate a 36,000 square foot store adjacent to Catholic Health.
This multi-faceted project was a collaborative partnership between the Simone Healthcare Development team and Catholic Health. Simone’s development team was responsible for site selection, securing land use approvals and managing the design and construction of the façade, site and core, while Simone’s property management team will manage the 10-acre site. The development required approvals from the Town of Brookhaven Planning Board and Building Department and the Suffolk County Department of Health.
Newman Design, as architect for Simone, designed a new exterior that is architecturally distinct from the adjacent retail use. It features a glass and limestone façade, a second entrance for urgent care, and a new glass canopy to provide a covered drop-off for patients. In addition to Simone’s investment, the new facility is part of Catholic Health’s $17 million project that further strengthens Catholic Health’s goal of making quality healthcare more convenient for Long Islanders and to support many of the unmet healthcare needs of the community. Primary and specialty care services will be offered in 43,000 square-feet of space immediately with an additional 20,000 square-feet available for future healthcare services.
“We are delighted to celebrate this incredible transformation of a former retail site into a state-of-the-art multispecialty ambulatory and urgent care center for Catholic Health,” said Joseph Simone, President of Simone Development Companies. “It was a true collaboration between our teams to be able to deliver this first-rate facility in just one year. This remarkable facility is an example of a major trend in healthcare real estate where under-utilized retail spaces are being converted into new urgent care, ambulatory centers and doctors’ offices as expanding health networks such as Catholic Health seek locations that are attractive to and convenient for their patients.”
“Today marks an important day not only for Catholic Health but also for the residents in and near Centereach, who now have access to exceptional primary care, urgent care, and specialized care across a wide variety of medical specialties,” said Catholic Health President & CEO Patrick O’Shaughnessy, DO, MBA. “We’ve recently launched a number of Ambulatory Care sites across Long Island, however, today we open our largest and most expansive. This is truly a milestone, both for Catholic Health and for Suffolk County.”
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.
About Catholic Health
Catholic Health is an integrated system encompassing some of the region’s finest health and human services agencies. The health system has nearly 16,000 employees, six acute care hospitals, three nursing homes, a home health service, hospice and a network of physician practices. Under the sponsorship of the Diocese of Rockville Centre, Catholic Health serves hundreds of thousands of Long Islanders each year, providing care that extends from the beginning of life to helping people live their final years in comfort, grace and dignity.
Joseph Simone Calls New York’s Workforce Development Essential for Life Sciences Real Estate Growth
New York’s planned investments in life science workforce training centers will help stimulate real estate development, said Joseph Simone of Simone Development Companies.
“New York is successfully attracting life science startups. The challenge now is to build talent pipelines to train the necessary workforce that will enable the state to achieve its employment goals,” said Joe Simone, President of Simone Development Companies. “State investments in the New York City regional workforce development plan ensure that growing life science companies seeking real estate in the tri-state area will find the right workers to fill new laboratories and facilities.”
The Long Island Investment Fund recently announced its intention to fund a life science workforce development training center. One of the fund’s goals is to supercharge the life sciences ecosystem in the region by developing workers with in-demand skills.
LifeSci NYC has a similar role in the five boroughs, and one target area is in the Bronx at the Montefiore-Einstein Accelerated Biotechnology Research Center (EMBARC), located across the street from Simone Development Companies’ Hutchinson Metro Center. EMBARC is a biomanufacturing operation focused on cell, gene, and antibody production. LifeSci NYC will invest $20 million to build a diverse pipeline of life sciences talent.
Simone Development Companies has anticipated growth in Morris Park’s biotech talent pool by planning for a live-work-play environment at the Hutchinson Metro Center, a mixed-use medical-office complex where future construction may include life science labs, housing, and destination retail catering to the employees of companies that grow out of EMBARC. This emerging innovation hub will be connected to New York City’s life sciences network by Metro-North’s future Morris Park train station, which will provide quick access to Penn Station in Manhattan.
“Since 2018, biotech research and development companies have increased employment by more than 8,000 people in the New York City metro area, an almost 20 percent increase. “Industry leaders say this growth will continue, and our Hutchinson Metro Center is well positioned to meet the increased demand for real estate that can accommodate life science facilities and workers,” said Megan Guy, Simone Development Companies’ Senior Vice President of Development.
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 services 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.