Simone Development Sells Former RUCO Polymer Corp. Site to Developer for Future Warehouse/Distribution Project

BRONX, NY (August 16, 2021) — Simone Development Companies has announced the sale of the 15-acre former site of the RUCO Polymer Corp. in Hicksville, NY (Nassau County, Long Island). The buyer, a Brookfield Asset Management real estate fund, plans to develop a modern, high ceiling warehouse distribution center on the site. Terms of the sale were not disclosed.

Jim MacDonald, vice president of leasing for Simone development, represented the seller in negotiations and Paul Leone of CBRE represented the buyer.

“Well-located industrially zoned land for development is extremely rare and Simone Development is extremely pleased to find a buyer well-equipped to realize the site’s full potential,” said Joseph Simone, president of Simone Development. “With its close proximity the Long Island Expressway, as well as an existing rail spur, the site is well-positioned for industrial development to meet the needs of then growing e-commerce market.”

The Rubber Company of America (RUCO) built a manufacturing facility on the site in 1945, where RUCO Polymer Corp. (Hooker Chemical Company) manufactured plastics, latex, and esters. Occidental Chemical Corporation (OCC) owned and operated this site from 1966 to 1982. The site was later purchased by Sybron Corporation to produce polyester from 1982 to 2002. The Bayer Corporation purchased the site in 2000 and in 2002 decided to close the facility and demolish the existing buildings. The facility was a freight customer of the LIRR and New York and Atlantic Railway, served by a spur track off the Main Line next to the grade crossing at New South Rd.

2021-09-02T15:09:21-04:00August 16, 2021|

Joseph Simone, President of Simone Development Companies, Repositioning Long Island Property for Last Mile Distribution Facility

Joe Simone, President of Simone Development Companies, a leading investor and developer of industrial and healthcare properties throughout New York, New Jersey and Connecticut, recently unveiled plans for the renovation and repositioning of its newly acquired 60,000 square-foot warehouse/distribution property in Carle Place, NY to meet the demand for high-quality last mile distribution facilities in Western Nassau County, Long Island.

“As a developer, it is truly exciting to acquire such a well-situated property and have the ability to convert it to meet the growing need for quality last mile distribution space,” said Joseph Simone. “The demand for this type of space, particularly in Western Nassau County where inventory is sparse, was accelerating rapidly even before the COVID crisis. Today, as online purchasing has become a necessity rather than a convenience, the demand is stronger than ever.”

Simone Development acquired the vacant single story-light industrial/warehouse property 40 Voice Road in Carle Place from Ansaco Properties LLC. The 60,000 square-foot property on four acres includes 5,000 square feet of office space, heavy power and currently has three drive-in bays, two loading docks, 16-foot ceilings and parking for 90 standard vehicles. Simone will renovate the property to suit a single tenant, adding additional loading docks and developing 2.75 acres of additional paved parking area on currently vacant space to accommodate tractor trailer, delivery truck and additional vehicular parking. The property is conveniently located near major highways and within 30 minutes of NYC airports and five minutes from LIRR Carle Place Station.

2021-09-08T12:17:18-04:00February 1, 2021|
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