Simone Development Companies arranges four leases at Throggs Neck Shopping Center

Bronx, NY According to Simone Development Companies, four new tenants have leased space and will open their doors before year-end at the Throggs Neck Shopping Center in the Ferry Point section. Located at the intersection of Lafayette Ave. and the Hutchinson River Parkway, the 300,000 s/f Throggs Neck Shopping Center is the borough’s newest large-scale retail development and is anchored by a 165,000 s/f Target department store. Newly opened businesses include the 1,900 s/f Comida Criolla Spanish Restaurant and a 2,000 s/f Starbucks featuring a rare drive through, one of very few in NYC and the first in the Bronx, where there are currently less than 10 Starbucks locations. Additionally, new leases of 1,500 and 1,800 s/f respectively have been signed with European Wax Center and Covenant Dental, which are both scheduled to open before the end of 2016. Miles Mahony of Ripco Real Estate, exclusive leasing agent for Throggs Neck Shopping Center, represented both the tenants and owner in these long-term leases. The property is now over 90 percent occupied, with remaining available space ranging from 900 to 8,900 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 these new tenants 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.