News: Brokerage

Simone Development Companies signs Halo Health Pharmacy’s first Bronx location at Triangle Plaza Hub

Bronx, NY Simone Development Companies has signed a new long-term lease with Halo Health Pharmacy for 1,522 s/f of retail space at Triangle Plaza Hub located at 459 East 149th St. in The Mott Haven neighborhood. The new store will be Halo Health Pharmacy’s first in the Bronx and the expanding company’s fifth New York City location, with three existing outlets in northern Manhattan and one in Queens.

Triangle Plaza Hub is a 50,000 s/f grocery-anchored retail and medical office condominium featuring a healthcare and food-centric tenant-mix including SuperFresh supermarket, Sun River Health, DaVita Melrose Dialysis, Metropolitan College of New York, and Dunkin’, among others.

Miles Mahony and Chris Walther of RIPCO Real Estate represented both the tenant and ownership in the transaction, assisted by Simone Development Companies’ in-house leasing and legal teams.

“We are excited to welcome Halo Health Pharmacy to Triangle Plaza Hub, complimenting and enhancing our already diverse tenant mix,” said Josh Gopan, Simone Development Companies’ vice president of leasing.

Triangle Plaza Hub, a LEED certified complex built in 2015, is located on a prime corner of the highly trafficked Mott Haven neighborhood and only a few minutes away from the 149th St. station serving the 2 and 5 subway lines. The property also offers on-site parking for tenants and customers.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent