Simone Development Companies, a leader in the development of state-of-the-art healthcare, mixed-use, office, industrial, retail and residential properties in the tri-state region, today announced that its total leasing activity in 2024 was approximately 860,000 square feet. Of the total 116 deals, new leases accounted for 382,073 square feet with renewals totaling 477,926 square feet.
“We are very pleased with the level of leasing activity that our team has achieved this year. We are especially proud of the nearly 478,000 square feet of renewals signed. That is a testament to the high caliber of our properties and the level of service provided by our teams,” said Joanna Simone, President of Leasing and Property Management Operations at Simone Development Companies. “We look forward to another exciting year in 2025.”
Notable lease transactions in the Westchester-Fairfield market included:
- Summit Health’s long-term lease renewal of 14,243 square feet and 5,610 square-foot expansion at 644 West Putnam Avenue, Greenwich
- Healy Electric’s lease of 16,750 square feet at 1 Zeiss Drive, Thornwood
- SightMD’s 9,409 square-foot lease at One Executive Boulevard, Yonkers
- Dello Russo Laser Vision’s 3,000 square-foot lease at 71 Nardozzi Place in New Rochelle
- Arsens Gym lease of 9,000 square feet for a new fitness facility at 316 Cortland Avenue, Stamford
- Release Recovery Center’s 7,698 square-foot lease for a new outpatient facility at 3020 Westchester Avenue at Purchase Professional Park
- Additional 2,320 square feet leased to Burke Rehabilitation for the expansion of its new outpatient therapy site to 5,132 square feet at 3020 Westchester Avenue, Purchase Professional Park
Notable lease transactions in the NYC/Long Island market, included:
- Furniture maker Anthony Lawrence-Belfair’s lease of 25, 214 square feet of warehouse space plus 19,312 square feet of land at 1200 Zerega Avenue, Bronx
- Northwell Health’s renewal of a 23,021 square-foot lease for the entire building at 733 Sunrise Highway, Lynbrook
- Northwell Health’s 19,162 square-foot lease at 40 Melville Road, Melville for a new pharmacy fulfillment center and administrative offices
- ENT & Allergy Associates’ new lease and expansion totaling nearly 16,000 square feet of space for a new clinical facility at 35-50 Francis Lewis Boulevard in the Flushing section of Queens
- Fastenal Company’s 10,000 square-foot lease at 1385 Commerce Avenue, Bronx
- SNIPES new lease of 6,854 square feet at the Throggs Neck Shopping Center, 815 Hutchinson River Parkway
- NewYork-Presbyterian’s 10,189 square-foot lease at 2510 Westchester Avenue, Bronx
- Adams Clinical’s 7,000 square-foot lease at 1200 Waters Place, Bronx
- All County Oral & Maxillofacial Surgery’s 4,807-square-foot lease at 35-30 Francis Lewis Blvd. in Flushing, Queens
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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.
