Mahony of Ripco Real Estate leases 2,000 s/f to Starbucks

Throggs Neck Shopping Center - Bronx, NY

Bronx, NY Simone Development Companies has announced that Starbucks, the popular national coffee retailer, has leased 2,000 s/f at the Throggs Neck Shopping Center in the Ferry Point section at the intersection of Lafayette Ave. and the Hutchinson River Pwy.  The new location features a rare Starbucks drive through, one of very few in NYC and the first in the borough, where there are currently less than 10 Starbucks locations.

Miles Mahony, Ripco Real Estate

Miles Mahony of Ripco Real Estate, exclusive leasing agent for Throggs Neck Shopping Center, represented both the tenant and the owner in the long-term lease. The property is now 80% occupied, with remaining available space ranging from 900 to 8,900 s/f remaining.

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 and Super Wines and Liquors.  Additional restaurants 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 extremely happy to welcome Starbucks to this highly successful new shopping center featuring one of the best-selling Target stores in the nation. This wonderful retail center is yet another example of how Simone Development is helping to transform and revitalize the New Bronx with innovative commercial and retail projects that create new jobs and boost the Bronx economy,” said Joseph Simone, president of Simone Development.

The new 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.