Simone Development Companies and Fareri Associates Announce 21,518 Square Feet of New Healthcare Leases at Their Purchase Professional Park Campus
Purchase, NY (August 2020) — Building on their reputation as the region’s premier developers of state-of-the-art healthcare facilities, Simone Development Companies and Fareri Associates have announced 21,518 square feet of new leases at their Purchase Professional Park campus on Westchester Avenue.
“We are very pleased to announce this latest round of leasing activity at Purchase Professional Park. Healthcare is the fastest growing industry sector in our region and Purchase Professional Park is leading the way as the location of choice for today’s medical practices. We offer an unbeatable combination of outstanding amenities, accessibility and abundant parking in an attractive campus setting,” said Joanna Simone, Principal and Vice President of Leasing and Property Management Operations of Simone Development Companies.
The landlord signed leases at 3010 Westchester Avenue with Westchester Park Pediatrics, a pediatric and adolescent medical practice, for 8,300 square feet, and International Research Services, a cosmetic testing company, for 5,771 square feet. Schweiger Dermatology Group leased 2,510 square feet at 3010 Westchester Avenue and was represented by Patricia Valenti of Newmark Knight Frank. Additionally, Dr. Jeremy Brauer Dermatology leased space at 3000 Westchester Avenue and was represented by Derek Ritter of SQ/FT Commercial Brokerage. Matthew Lisk, Michael McCarthy and Kevin McCarthy of Cushman & Wakefield represented the landlord on all lease transactions.
Situated on Westchester Avenue in the heart of Westchester’s “Medical Mile” along I-287, Purchase Professional Park combines first-class medical and professional office space, exceptional amenities and one of the most convenient office locations in the region. The park-like campus features four modern buildings (3000, 3010, 3020 and 3030 Westchester Avenue) totaling 220,000 square feet of Class A medical and office space. 3030 Westchester Avenue is an 85,000 square-foot medical building that is fully leased to Westmed Medical Group, a large multi-specialty group medical practice.
In addition to Westmed Medical Group, some of the park’s medical tenants include Burke Rehabilitation, ENT & Allergy Associates, Greenwich Hospital, Northern Westchester Hospital Associates, Rye Orthopedic Associates, Greenwich Oral & Maxillofacial Surgery Associates, Merit Dental Inc; Liberty RC, Inc AKA Davita and Lederman & Lederman, LLOP.
Amenities at Purchase Professional Park include a cafe, which is undergoing a renovation to be completed in the summer of 2021, a fitness center, 24/7 building access with camera security, a beautifully landscaped courtyard with seating areas, on-site owner management and abundant complimentary parking. In addition to the Café, The Espresso Guys Coffee Truck visits the complex daily for additional food and coffee needs. The complex offers a highly visible and convenient location at Exit 10 off of I-287, with access to major highways including I-95, I-684 and the Hutchinson River/Merritt Parkways, and is just minutes away from the Westchester County Airport and Metro-North train stations in Rye, Harrison and White Plains, providing access to the growing suburban patient base in Westchester, Fairfield and Putnam counties.
Cushman & Wakefield is the exclusive leasing agent for Purchase Professional Park. For more information about available space for lease at Purchase Professional Park, call Matthew Lisk at 914-305-9303.
Joseph Simone, President of Simone Development Companies, Predicts Urgent Care Boom to Continue
Healthcare real estate developer Joe Simone predicts that the urgent care center boom will continue in 2021.
“Urgent care centers and retail clinics continue to proliferate across the U.S. because patients are increasingly demanding convenience and affordability,” said Joe Simone, President of Simone Development Companies, a leading developer of healthcare facilities. “I see many opportunities for healthcare real estate developers in dense downtowns and urban centers as patients increasingly value proximity.”
Between 2013 and 2019, the number of urgent care centers rose from about 6,100 to 9,616, according to the Urgent Care Association.
“Much of this increase is due to patients’ unwillingness to schedule appointments days or weeks away,” said Joseph Simone. “On-demand healthcare is becoming the norm and all health providers must adjust their business models to this evolving reality.”
For urgent care facilities, location is paramount. The demand for urgent care in suburban shopping centers or retail corridors has motivated many communities to change their land-use rules to include medical practices where they formerly were not allowed. Landlords whose retail or commercial properties have become outdated are finding new tenants in the urgent care sector.
“Simone Development has been a leader in repurposing outdated buildings for new medical uses. Our Boyce Thompson Center in Yonkers, N.Y. is a model for an adaptive reuse that incorporates medical, retail, personal services, wellness and dining to create a regional destination,” said Joseph Simone. “I foresee my company going into our region’s dense downtowns to create new medical spaces that are easily accessible by foot and mass transit.”
Joe Simone of Simone Development Companies Sees Trend Accelerating for Healthcare Facilities in Retail Settings
The delivery of healthcare in retail settings continues to accelerate beyond urgent care centers to include major medical practices, according to Joe Simone, President of Simone Development Companies Simone Development Companies.
Several years ago, Joe Simone, recognized this trend when he developed the Boyce Thompson Center, an innovative 85,000 square-foot mixed-use center in Yonkers, N.Y. with a consumer-driven retail model for healthcare. The Boyce Thompson Center successfully combined trendy dining destinations and other high-traffic retail with medical practices in a historic building that was adaptively reused.
Simone’s concept proved appealing to St. John’s Riverside Hospital and the Westmed Medical Group, which became the Boyce Thompson Center’s anchor tenants. The commitment from these two medical anchor tenants subsequently attracted ENT Allergy Associates, ColumbiaDoctors, Westchester Gastroenterology, Juvanni Med Spa, Metro Vein, among others.
The adaptive reuse of this historic 1920s botanical research center earned a Westchester Municipal Planning Federation’s 2017 urban planning award. The Boyce Thompson Center has become a prototype for future mixed-use healthcare developments.
“The medical move to a retail setting is driven by patients who want an enhanced physical space where there are opportunities to shop, dine, and have access to other personal services such as restaurants, banking and clothing shops,” said Joe Simone.
Across the country, there are similar models as owners of outdated and vacant commercial buildings repurpose them for healthcare tenants. Once again, Joe Simone is leading the way. In Harrison, NY, Simone is converting a vacant office building into a pediatric specialty care facility to be leased to Montefiore Health System.
Catholic Health Ambulatory & Urgent Care
Catholic Health Ambulatory & Urgent Care
2112 Middle Country Road, Centereach, NY
Catholic Health Ambulatory & Urgent Care at Centereach is 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 Development Companies acquired the 63,000 square-foot facility from Ocean State Job Lot, the largest closeout retailer in the Northeast, in 2022. Simone has invested 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. Simone Development 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.
FOR LEASING INFORMATION, PLEASE CONTACT:
Joseph Simone of Simone Healthcare Development Participates in Forum on State of Healthcare Sector
Joseph Simone of Simone Healthcare Development recently participated as a panelist in a virtual forum featuring healthcare leaders on the state of the healthcare sector.
Simone, whose company is a leading developer of healthcare facilities, described how a consumer push to lower medical costs is causing a proliferation in out-patient services and medical procedures. An exploding aging population is also driving profound change. “Today there are 50 million people in the United States over the age of 65,” said Joe Simone. “In the next 10 years alone, the over 65 population is going to grow by 20 million people. We have to become more efficient and effective in treating this aging population,” he added.
He also discussed the trend toward the “bedless” hospital, such as the one that Simone built for Montefiore in the Bronx where a patient comes in for a procedure in the morning and leave the same day. “The strides in technology and healthcare now require a lot less patient recovery time,” he noted.
Simone said that today’s most important technology trend is how Artificial intelligence (AI) is going to transform how healthcare is delivered. He said AI will help increase productivity and the efficiency of care delivery and allow healthcare systems to provide more and better care to more people.
He also said the huge growth under way in biotech and life sciences will also have tremendous impact on healthcare and how it is delivered. Outpatient and urgent care facilities will continue to grow and so will the use of telemedicine. “Today healthcare is technically sick care. It is not really healthcare because we are treating people who are ill. In the future we are going to have true healthcare which is preventive care and creating a plan for each individual patient’s needs,” he said.
The forum, which was held March 10, is part of series of State of the Economy programs presented by the Business Council of Westchester.
Joseph Simone of Simone Health Development Comments on Trends Transforming Healthcare
Joseph Simone of Simone Health Development recently participated as a panelist in a virtual forum featuring healthcare leaders discussing the state of the healthcare sector.
Simone, whose company is a leading developer of healthcare facilities, described how a consumer push to lower medical costs is causing a proliferation in out-patient services and medical procedures. An exploding aging population is also driving profound change. “Today there are 50 million people in the United States over the age of 65,” said Joe Simone. “In the next 10 years alone, the over 65 population is going to grow by 20 million people. We have to become more efficient and effective in treating this aging population,” he added.
He also discussed the trend toward the “bedless” hospital, such as the one that Simone Health built for Montefiore in the Bronx where a patient comes in for a procedure in the morning and leaves the same day. “The strides in technology and healthcare now require a lot less patient recovery time,” he noted.
Simone said that today’s most important technology trend is how Artificial intelligence (AI) will transform how healthcare is delivered. He said AI will help increase productivity and the efficiency of care delivery and allow healthcare systems to provide more and better care to more people.
Simone also said the huge growth under way in biotech and life sciences will have tremendous impact on healthcare. And he noted that outpatient and urgent care facilities will continue to grow and so will the use of telemedicine. “Today healthcare is technically sick care. It is not really healthcare because we are treating people who are ill. In the future we are going to have true healthcare which is preventive care and creating a plan for each individual patient’s needs,” he said.
The forum, which was held March 10, is part of series of State of the Economy programs presented by the Business Council of Westchester.
Boyce Thompson Center
Boyce Thompson Center
1084, 1086, 1088 North Broadway, Yonkers, NY
The Boyce Thompson Center is an innovative mixed-use property featuring 85,000 square feet of medical, restaurant, and retail space. The center is a prototype for a consumer-driven retail model for healthcare emphasizing a mixed-use environment. Major healthcare tenants include St. John’s Riverside Hospital, Westmed Medical Group, Columbia Doctors, Mount Sinai Doctors, ENT and Allergy Associates, Motion PT, Metro Vein Centers and Riverside Dental Health. Retail tenants include Tompkins Mahopac Bank, Ultimate Spectacle, Family Wellness Pharmacy, The Taco Project, Starbucks, Executive Wine & Spirits, fresh&co, SoYo Nails, Enbu Asian Fusion, and Fortina Restaurant.
