News:
Owners Developers & Managers
Posted: January 14, 2025
Simone Development Companies signs lease with Halo Health Pharmacy - 1,522 s/f
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 borough and the expanding company’s fifth New York City location, with three existing outlets in northern Manhattan and 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’.
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 corner of the 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.
MORE FROM Owners Developers & Managers
Roland to launch first flagship store with 7,519 s/f lease brokered by Midtown Commercial Real Estate and Newmark
Manhattan, NY On May 20, 2026, Roland, the well-known music brand from Japan, signed a 5 year lease with an additional 5 year option, to launch their first U.S. flagship retail and showroom space in Manhattan’s Meatpacking District. The new space, 414 West 14th St., will occupy the entire 3,779 s/f ground floor and the 3,740 s/f lower level for a total of 7,519 s/f. The grand opening is estimated to be October 10, 2026, with a ribbon cutting ceremony.
Quick Hits
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt
In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen
New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan
In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin
If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
