Simone Development Signs 10,300 SF in New Leases at Hutchinson Metro Center in The Bronx, NY

BRONX, NY – December 13, 2023 – Simone Development Companies has signed two new long-term leases totaling 10,300 square feet of medical and office space at the Hutchinson Metro Center in the Bronx, NY.

North Bronx Orthopedic and Spine Group has signed a long-term lease for 5,121 square feet of medical and office space at 1200 Waters Place while MJHS Health System (MJHS) has signed a long-term lease for 5,179 square feet of office space at Tower One at 1250 Waters Place. Simone Development Companies was represented by in-house leasing and legal teams for both transactions. North Bronx Orthopedic and Spine Group was represented in-house and CBRE’s Bill Jordan represented MJHS.

hutchinson metro center new leases

With roots dating back to 1907, MJHS is a premier not-for-profit provider of quality care across the greater New York area, including: home care, hospice and palliative care for adults and children, as well as Isabella and Menorah Centers for Rehabilitation and Nursing Care. Elderplan, which offers Medicare Advantage plans and HomeFirst, its managed long-term care plan, are also members of the MJHS family. MJHS is committed to helping care for, support, and guide patients, residents, and members of all backgrounds along their healthcare journeys and to closing gaps in care.

North Bronx Orthopedic and Spine Group is a fully licensed orthopedics and spine group providing outpatient care.

“The Hutchinson Metro Center, our mixed-use campus of medical, office, retail, hospitality and academic space, is currently home to over 80 leading businesses, healthcare and educational institutions as well as federal, state and city agencies, and we are thrilled to welcome North Bronx Orthopedic and Spine Group and MJHS to our tenant roster,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies.

Tower One at 1250 Waters Place at Simone’s Hutchinson Metro Center is a 285,000-square-foot Class A building with nine floors of prime medical, office and retail space, as well as conference centers and abundant free and valet parking and 24/7 security. In addition to MJHS Health System, Tower One is home to various other medical offices including Montefiore Medical Center and Motion PT. The property is also home to the popular Tower Café.

1200 Waters Place is a 433,000-square-foot modern building with three floors of Class A medical, academic, and office space as well as various amenities including a landscaped courtyard, fitness center, a teleconference center and free parking. North Bronx Orthopedic and Spine Group is joined at the property by major tenants including Mercy College and several city, state, and federal agencies.

2023-12-21T15:07:06-05:00December 13, 2023|

Simone Development’s 63,000 Square-Foot Retail Center at 260-262 Boston Post Road in Port Chester, NY, Is Now Fully Leased with the Signing of Two New Leases Totaling 4,485 SF

boston post road development fully leased

PORT CHESTER, NY (December 12, 2023) – Simone Development Companies has signed two new leases totaling 4,485 square feet of prime retail space at Post Road Plaza at 260-262 Boston Post Road (US Route 1) in Port Chester, NY. The 63,000 square-foot retail center is now fully leased.

Mercadito Farm has signed a new long-term lease for 3,485 square feet. It is a farmer’s market offering fresh produce, poultry, meat, fish, cold cuts, and other customary foods found in grocery stores, as well as beer and wine coolers.

H&R Block, the worldwide tax preparation company, has leased 1,000 square feet.

Representing Simone in both deals was Scott Meshil and Karnit Mosberg Royal Properties, Inc.

Located minutes off of I-95 and I-287 with close proximity to the Hutchinson River Parkway, Post Road Plaza was recently renovated, with new pylon signage, and includes free parking with parking lot upgrades in progress. In addition to anchor LA Fitness, existing tenants include European Wax Center, Mattress Firm, Nothing Bundt Cakes, Domino’s Pizza, Subway, Nailed It Spa, Pet Spa Center, Ella’s Beauty Lounge, and Wei Wong Kitchen.

“We are very pleased to have fully leased this 63,000-square foot retail center with a mix of service retail, national chains, and local businesses. Its close proximity to major highways and abundant free parking makes this an attractive location for today’s leading retailers,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies.

2023-12-21T15:13:14-05:00December 12, 2023|

First Student, Leading School Bus Company, Renews Lease for 31,000 Square Feet at 316 Courtland Avenue, Stamford

316 Courtland Avenue Stamford

STAMFORD, CT (November 2023) — Simone Development Companies has announced that First Student, North America’s leading school bus transportation company, has renewed a lease for 31,000 square feet of space at 316 Courtland Avenue, a 115,453-square-foot property in Stamford featuring warehouse/R&D and office space.

Both ownership and First Student were represented in-house.

“316 Courtland Avenue is the ideal facility for First Student, providing modern flexible space in a convenient location that is less than a mile from I-95 and the Glenbrook Metro-North train station,” said Josh Gopan, Vice President of Leasing for Simone Development Companies.

As a leading school transportation solutions provider in North America, First Student delivers reliable, quality services, including full-service transportation and management, special-needs transportation, fleet electrification, route optimization, and scheduling, maintenance, and charter services with a fleet of more than 44,000 vehicles.

316 Courtland Avenue property features include 1.1-acres of outdoor storage space, clear span warehouse space with ceiling heights from 12 to 17 feet, an elevator to the second floor of the office space, 9 drive-in bays, abundant parking with 243 total spaces and ample power. Other tenants in the building include Beacon Sale Acquisition, Advanced Therapy Performance, Amphenol Corp., and Empowered Aerial Fitness.

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.

2023-12-21T15:12:40-05:00November 29, 2023|

Simone Development Announces Fleet Pump & Service Group Signs Lease Renewal for Entire 31,255-Square-Foot Building at 455 Knollwood Road in White Plains

455 Knollwood Road, White Plains

455 Knollwood Road, White Plains

WHITE PLAINS, NY (October 2023) — Simone Development Companies has announced that Fleet Pump & Service Group Inc. has renewed a long-term lease for the entire 31,255-square-foot industrial building at 455 Knollwood Road in White Plains.

Josh Gopan, Vice President of Leasing, and Sean Heneghan, Assistant General Counsel, represented Simone Development in the lease transaction.

“Fleet Pump & Service Group is a long-time tenant of this building. We are very pleased to have them renew another long-term lease. This building is conveniently located minutes from the I-297 corridor and downtown White Plains,” Gopan said.

Founded in 1974, Fleet Pump & Service Group’s line of business includes providing plumbing, heating, air-conditioning, and similar work. Rick Rakow of Rakow Commercial Realty Group represented Fleet Pump & Service Group in the lease negotiation.

2023-12-21T15:11:41-05:00October 30, 2023|

Simone Development Announces Acquisition of One Executive Boulevard Office Building in the Heart of the North Yonkers Medical Mile

One Executive Blvd

133,768-Square-Foot, 4-Story Property to be Repurposed Into State-of-the-Art Medical Space

Building Strategically Located Within 1/4 Mile of 879,426 Square Feet of Existing Medical Space

YONKERS, NY (October 4, 2023) — In a major medical redevelopment that will enhance the “Medical Mile” in North Yonkers, Simone Development Companies has acquired One Executive Boulevard, a 133,768-square-foot, 4-story office building located within 1/4 mile of 879,426 square feet of existing medical office space.

Simone Development, a leader in the development of modern medical office space, has begun interior and exterior renovations to repurpose the property into a state-of-the-art medical building. Located on 6.7 acres at the intersection of Executive Boulevard and North Broadway, One Executive Boulevard offers excellent visibility and accessibility to major highways and mass transit with abundant parking. The seller was an affiliate of Robert Martin Company.

One Executive Boulevard complements the North Yonkers Medical Mile that includes Simone’s highly successful Boyce Thompson Center. The 85,000-square-foot mixed-use center features physician’s offices of St. John’s Riverside Hospital, Westmed/Summit Health, ENT & Allergy Associates, Columbia Doctors and other medical practices along with retail shops and restaurants.

One Executive Boulevard also neighbors Simone Development’s 1034 North Broadway, a 25,000-square-foot, recently renovated multi-tenant medical building that includes Northwell Health as well as Trust Specialty Pharmacy, the first pharmacy and drug compounding retail location in Yonkers.

Other well-known healthcare providers within the North Yonkers Medical Mile include St. John’s Family Medical Practice, Elizabeth Seton Children’s Center, Riverhill Radiation Oncology, and Northway Medical Center.

One Executive Boulevard is conveniently located near three major hotels: Courtyard by Marriott, Residence Inn by Marriott and Hampton Inns & Suites with a total of 337 rooms.

“Our acquisition of this important property located in the heart of what we see as the North Yonkers Medical Mile fits perfectly with our vision for this vibrant and growing healthcare community. Our investment in the Medical Mile began with our redevelopment of the Boyce Thompson Center, which has successfully attracted top-level medical tenants. Moving forward, we foresee continued strength in the healthcare sector here with its easy access to Southern and Central Westchester, Riverdale and the North Bronx,” said Joe Simone, President of Simone Development Companies.

“This sale reflects Westchester’s evolving commercial real estate market,” stated Robert Martin Company CEO Tim Jones. “1 Executive Boulevard is well-positioned for medical redevelopment, and we are excited to see Simone Development expand its footprint in the local healthcare marketplace.”

“Simone Development’s vision for Yonkers continues to elevate our economy,” said Yonkers Mayor Mike Spano. “Investing in Yonkers’ growing healthcare industry is smart and brings more jobs and momentum to the city. I look forward to seeing the expansion of Yonkers’ Medical Mile.”

One Executive Boulevard currently has roughly 50,000 square feet of medical space available for lease. For more information, please contact Josh Gopan, Vice President of Leasing at Simone Development, or Jeremy Schwartz, Director of Leasing at Simone Development, at 718-215-3000.

2023-12-21T15:10:44-05:00October 25, 2023|
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