News: Brokerage

Mahony of Ricpo Real Estate arranges 5,500 s/f lease to Doctors Express at Throggs Neck Shopping Center

Miles Mahony, Ripco Real Estate Miles Mahony, Ripco Real Estate
Bronx, NY According to Simone Development Companies, Affordable Family Care/Doctors Express, a national leader in bringing urgent care services to retail properties, has more than doubled their lease to 5,500 s/f at the Throggs Neck Shopping Center in the Ferry Point section. Miles Mahony of Ripco Real Estate, exclusive leasing agent for Throggs Neck Shopping Center, represented the tenant and owner in the long-term lease. The property is now over 85% occupied, with remaining available space ranging from 900 to 8,900 s/f remaining. Founded in 2005, AFC/Doctors Express is the largest urgent care franchise in the United States and growing faster than ever before. Joined with American Family Care in 2013, AFC/DoctorsExpress is the second largest privately owned urgent care operator in the country and able to extend the broadest range of urgent care and family medical services in the most caring, convenient and affordable way possible. A pioneer in accessible primary care and urgent care, over 30 years ago American Family Care opened one of the very first urgent care clinics in the country in Hoover, AL. AFC continues to expand rapidly throughout the United States.
Doctors Express, Throggs Neck Shopping Center - Bronx, NY Doctors Express, Throggs Neck Shopping Center - Bronx, NY
Located at the intersection of Lafayette Ave. and the Hutchinson River Parkway and anchored by a 165,000 s/f Target department store, the 300,000 s/f Throggs Neck Shopping Center features over a dozen stores and restaurants including TJ Maxx, Sleepy's, Petco, Skechers, Metro Optics, BX Sports, T-Mobile, Starbucks and Super Wines and Liquors.  Additional tenants include Applebee's, Five Guys Burgers & Fries, Chipotle Mexican Grill and Sarku Japan. The shopping center, developed in partnership by Simone Development with Aaron Malinsky of Curbcut Urban Partners and Paul Slayton of Slayton Investments, includes secure free parking for over 600 cars directly in front of the stores. “We are happy that Doctors Express has chosen to more than double the size of their Throggs Neck facility,” said Joseph Simone, president of Simone Development. “With Baby Boomers using more health care services than ever and Millennials starting their own families, the old health care delivery models have changed, and shopping malls are increasingly meeting the needs of progressive care providers like Doctors Express who enjoy the location, ample parking and wealth of amenities they provide to compliment this growing health care sector.” The Throggs Neck Shopping Center is a prime example of Simone Development Companies’ dedication to repurposing vacant and under-utilized commercial property in the New York metropolitan area. Simone Development Companies acquired the 7.9-acre site in 2011. The property had been used as a Postal Service equipment transfer station for many years and had been closed since September 2010.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking