Property of the Month: Simone Development brings 90,000 s/f distribution facility to Bronx market; 295 Locust Avenue in Port Morris section offers 50-ft. ceilings, 8 interior loading docks

Simone Development Companies, one of the leading developers and owners of industrial space in the New York Metropolitan Area, is now offering an opportunity to lease a warehouse logistics facility in the Port Morris section of the borough. This 90,000 s/f building is a one-of-a-kind facility featuring 50-ft. clear ceiling height throughout, fully racked to seven pallets high and eight interior loading docks. Located at 295 Locust Ave., the building is off the Bruckner Expressway (278) which provides access to Manhattan, all five boroughs, New Jersey and Connecticut. Port Newark in Elizabeth is only 25 minutes by truck. Built in 2002, the building was formerly occupied by the Murray Feiss Co., a major distributor of interior and exterior residential lighting and lamps. The building features a 70,000 s/f ground floor with an advanced fully equipped material handling system with racking and conveyor system and a laser guided forklift. Radio Frequency Identification (RFID) systems are in place for asset tracking. The facility is fully racked to seven pallets high with 50-ft. clear ceiling heights and wide column spacing. The building has a fully sprinklered Early Suppression Fast Response (EFSR) system. There are eight off-street interior loading docks with levelers and a 10,000 s/f parking lot that can accommodate up to 36 cars. In addition, the building has a 20,000 s/f mezzanine with 5,000 s/f of office space. The office space is comprised of a 4,000 s/f executive suite with private break room and restroom facility. There is a 1,000 s/f shipping and receiving office/warehouse with employee break room, restroom and locker room. The building's location provides access to a large skilled labor pool. It is also located within an Empire Zone which offers qualifying businesses incentives on taxes, utilities and employees. Headquartered in the borough, Simone Development is a full service real estate investment company specializing in the acquisition and development of office, retail, industrial and residential properties in the tri-state area. The privately held company owns and manages an extensive range of commercial projects from multi-building office parks to retail and industrial space in Westchester County, Queens, the Bronx, Long Island and Connecticut. The company's portfolio of more than 90 real estate properties totals four million s/f of development space.