Joe Simone, President of Simone Development Companies, is a visionary developer whose company which owns and manages more than 6 million square feet of commercial property in the tri-state region, has always been ahead of the curve in anticipating major shifts in the real estate market.

“With the explosion in e-commerce, the market for industrial warehouse space has emerged as today’s hottest sector in commercial real estate with demand outstripping supply. As more consumers shop online, retail companies are requiring additional space for distribution centers,” said Mr. Simone.

Simone said the supply of well-located warehouse space is particularly tight in the suburbs north of New York City where many old industrial buildings are being converted into new residential mixed-use apartment complexes. What’s more, many of the municipalities have rezoned industrial site for residential uses thereby limiting the potential for building new warehouse space in the suburbs.

To meet this growing demand for warehouse space in the northern suburbs, Simone acquired a prime warehouse property in downtown Stamford. The property offers the largest block of contiguous warehouse space available in Stamford.

“The flexibility of this building is one of its best attributes. Tenants will find the expansive parking, ceiling heights and large lot and opportunities for tailgate loading very attractive. The property’s location just minutes from I-95 is also a big selling point,” said Mr. Simone.

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