Simone Development Companies and Fareri Associates Announce 4,694 SF in Renewals at Purchase Professional Park
PURCHASE, NY (December 18, 2024) — Simone Development Companies and Fareri Associates have announced 4,694 square feet of long-term lease renewals at 3010 Westchester Avenue at Purchase Professional Park.
Northwell Health Physician Partners is renewing in their 2,850 square-foot space, which provides the highest quality in pediatric orthopedics to the NY Metro region.
Aesthetic Podiatry & Sports Medicine Center is also renewing and expanding into a 1,844 square-foot space within the building, adding a surgery center. The practice specializes in podiatry for adults and children, offering the most updated, innovative and advanced technologies to treat foot and ankle conditions.
“The renewals of these two outstanding healthcare providers are a testament to the vitality of this campus, which has become a hub of medical excellence along Westchester Avenue,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies.
The lease transactions were handled by in-house leasing and legal teams.
There are just two remaining spaces at 3010 Westchester Avenue: 1,025 square feet on the second floor and 4,605 square feet on the fourth floor. There are also two available spaces at the adjacent 3020 Westchester Avenue: 3,587 on the third floor and 7,585 on the fourth floor.
Located on Westchester Avenue in the heart of Westchester’s “Medical Mile” along I-287, Purchase Professional Park combines Class A medical and professional office space and exceptional amenities, including an on-site BoBo’s Cafe, fitness center, 24/7 building access with state-of-the-art camera security, a landscaped courtyard with seating areas, on-site owner management and abundant complimentary parking. The campus is located directly off I-287, the Hutchinson River Parkway and I-684, and is just 10 minutes from Westchester County Airport.
The 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/Summit Health, a large multi-specialty group medical practice.
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.
Fareri Associates, LP, of Greenwich, is a family owned and operated real estate investment and construction company focusing on development and re-development of office, retail, mixed-use and residential properties primarily in Fairfield County, Connecticut and Westchester County.
Simone Development Companies Signs Halo Health Pharmacy’s First Bronx Location at Triangle Plaza Hub
BRONX, NY – December 18, 2024 – Simone Development Companies has signed a new long-term lease with Halo Health Pharmacy for 1,522 square feet of retail space at Triangle Plaza Hub located at 459 East 149th Street in The Bronx’s Mott Haven neighborhood. The new store will be Halo Health Pharmacy’s first in the Bronx and the expanding company’s fifth New York City location, with three existing outlets in northern Manhattan and one in Queens.
Triangle Plaza Hub is a 50,000-square-foot grocery-anchored retail and medical office condominium featuring a healthcare and food-centric tenant-mix including SuperFresh supermarket, Sun River Health, DaVita Melrose Dialysis, Metropolitan College of New York, and Dunkin’, among others.
Miles Mahony and Chris Walther of RIPCO Real Estate represented both the tenant and ownership in the transaction, assisted by Simone Development Companies’ in-house leasing and legal teams.
“We are excited to welcome Halo Health Pharmacy to Triangle Plaza Hub, complimenting and enhancing our already diverse tenant mix,” said Josh Gopan, Simone Development Companies’ Vice President of Leasing.
Triangle Plaza Hub, a LEED certified complex built in 2015, is located on a prime corner of the highly trafficked Mott Haven neighborhood and only a few minutes away from the 149th Street station serving the 2 and 5 subway lines. The property also offers on-site parking for tenants and customers.
The property currently has one remaining space for lease: a highly desirable 2,776 square-foot endcap space available, previously occupied by Boston Market.
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.
Simone Development Signs Northwell Health to Long-Term Lease Renewal at 170 E 77th Street
MANHATTAN, NY (December 16, 2024) – Simone Development Companies has signed a long-term lease renewal with Northwell Health for 5,936 square feet at 170 East 77th Street in Manhattan’s Upper East Side neighborhood. Northwell Health remains the sole commercial tenant at the property, continuing to provide essential healthcare services to the surrounding communities.
Simone Development’s in-house leasing and legal teams handled the negotiations directly with the tenant.
“We are thrilled that Northwell Health has decided to renew its lease at 170 East 77Th Street,” said Joe Simone, President of Simone Development Companies. “This renewal highlights the value of the space and underscores Simone Development’s ongoing partnership with one of New York’s leading healthcare providers.”
Ideally located in the heart of the Upper East Side, 170 East 77th Street offers convenient access to public transportation, including the Q and 6 subway lines, as well as several bus routes, making it a prime location for healthcare providers looking to serve one of Manhattan’s most dynamic neighborhoods.
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.
Mayor Spano and Council Members Join with Simone Development for Holiday Tree Lighting at Boyce Thompson Center
YONKERS, NY (December 4, 2024) — Senior executives of Simone Development Companies joined with Yonkers Mayor Mike Spano and members of the Yonkers City Council and Westchester County Legislature for the annual holiday tree lighting ceremony held December 3rd at Simone Development’s Boyce Thompson Center in Yonkers.
Photo caption: From left Joseph Simone, President of Simone Development Companies; Mayor Mike Spano; Council President Lakisha Collins-Bellamy; Council Member Deana Robinson; Council Member Tasha Diaz; Council Member Anthony Merante and County Legislator James Nolan
Leading Furniture Maker Anthony Lawrence-Belfair Signs New Lease at Simone Development’s 1200 Zerega Ave. in the Bronx
BRONX, NY (October 24, 2024) – Simone Development Companies has announced that Anthony Lawrence-Belfair, a leading furniture company specializing in the manufacturing, distribution, repair, and restoration of furniture and home goods, has signed a long-term lease for 25,214 square feet of warehouse space and 19,312 square feet of land at 1200 Zerega Ave. in the Bronx. The new space will serve as a showroom and studio, supporting the company’s relocation from Long Island City.
Simone Development was represented by in-house leasing and legal teams alongside Mat Diana of DY Realty, while Anthony Lawrence-Belfair was represented by Helen Paul of Cushman & Wakefield and Joseph Caputo of Exit Realty Premier.
“With its strategic location, ample outdoor storage options, and flexible space configurations, 1200 Zerega Ave. is an ideal fit for companies like Anthony Lawrence-Belfair,” said Josh Gopan, Vice President of Leasing for Simone Development Companies. “The property offers quick and easy access to major highways and public transportation, making it a highly attractive choice for businesses looking to optimize their operations and better serve their customers.”
The lease secured the final warehouse and ground floor space offered at 1200 Zerega Ave. The property has a remaining 12,891 square feet of office space available on the second floor, which comes with over 12,000 square feet of parking, a dedicated elevator, and four sides of window frontage. The building is conveniently located near the #6 subway line, multiple bus routes, and major highways including the Hutchinson River Parkway, the Bruckner Expressway, and the Cross Bronx Expressway.
Simone Development Companies Signs Another Full-Building Lease with Fastenal Company, North America’s Largest Fastener Distributor
Company Snaps Up 10,347 SF Warehouse Property in Westchester Square Section of The Bronx
BRONX, NY (October 23, 2024) – Simone Development Companies announced that the largest fastener distributor in North America, Fastenal Company, has signed a 10,347-square-foot, long-term warehouse lease at 1385 Commerce Avenue in the Bronx, NY.
Simone Development Companies was represented by in-house leasing and legal teams while Fastenal Company was repped by Mathew Diana of DY Realty.
Fastenal will use the building for warehouse space and storage of construction and hardware materials, as well as ancillary office space. The deal marks the most recent lease for the company at a Simone property. In 2023, Fastenal Company signed a long-term lease for 7,100 square feet at Simone Development’s nearby 1448 Ferris Place in the Bronx, NY.
Fastenal is a diverse company that provides a variety of services to different organizations: an expert consultant, a logistics company, a technology provider, and more generally a distributor of wide-ranging industrial and construction products.
“We are thrilled that Fastenal Company has once again chosen a Simone Development property for their latest expansion,” said Josh Gopan, Vice President of Leasing at Simone Development Companies. “The building’s excellent condition and accessible location with proximity to major highways and public transportation make it a perfect fit for Fastenal.”
The street-level property is in move-in condition and offers 20-foot ceiling heights, two drive-in doors, and heavy power. It is a short walk from the Westchester Square #6 subway station and convenient to the Cross Bronx and Bruckner expressways.