60,368 SF Property is Fully Leased Underscoring Enduring Demand for High-Quality Industrial Space in Mount Vernon
MOUNT VERNON, NY (May 2026) — Simone Development Companies has announced signing two leases totaling 28,500 square feet of industrial space at 545 Franklin Avenue in Mount Vernon, NY. The 60,368-square-foot industrial building is now fully leased.
“The successful leasing at 545 Franklin Avenue underscores the enduring demand for high-quality industrial space in Mount Vernon. By reaching 100% occupancy, we have once again demonstrated the value of strategically located assets in Southern Westchester, which remains a critical ‘last mile’ corridor for the New York City metropolitan area,” said Joanna Simone, President of Leasing and Property Management Operations for Simone Development Companies. She added, “The industrial market in Mount Vernon and Southern Westchester is incredibly resilient, driven by a limited supply of modern flex space and a growing need for regional distribution hubs. Our team’s deep expertise in this sector allows us to revitalize well-positioned properties and attract diverse, stable tenants.”
545 Franklin Avenue features on-site parking and outdoor lots, high clear ceiling heights, drive-in and loading docks, and is conveniently located near the Hutchinson River Parkway and I-95 and offers easy access to public transit through the Bee-Line #55.
About Simone Development Companies
Simone Development Companies is a privately owned, full-service real estate investment firm specializing in the acquisition, development, and management of healthcare, mixed-use, retail, office, industrial, and residential properties. The company’s reach extends across New York City and its suburbs including Long Island, Westchester County, Orange and Fairfield Counties and New Jersey.
Over nearly five decades, this third-generation, family-owned business has built a portfolio exceeding 7 million square feet. The organization’s vertically integrated team manages every stage of the project lifecycle, from finance and construction to leasing and property management. Simone Development Companies is set apart by this comprehensive approach, a commitment to long-term asset ownership, and a proven track record of transforming vacant and underutilized sites into vibrant developments that elevate communities.
Learn more at https://simonedevelopment.com/