Simone Development Cos. moves headquarters to the Hutchinson Metro Center

Simone Development Cos. has moved its headquarters to the Hutchinson Metro Center, the class A office complex it owns and manages. The family-owned company, formerly located in New Rochelle, is occupying 10,000 s/f of office space in the Penthouse level of 1250 Waters Place, a 280,000 s/f office tower at the complex. The move by Simone is a homecoming for the company which began in the borough. Today, Simone's real estate portfolio includes more than 100 properties totaling over 5 million s/f of development space. The company's properties, which are all located within a 75-mile radius of N.Y.C., range from stand-alone class A office and medical buildings to office parks to retail centers to industrial/flex buildings. The company also builds and sells high-end estate homes, high-rise condos and restored Manhattan townhouses. "Our move to the Hutchinson Metro Center is a logical next step in our company's growth. The Bronx is a major focus of activity for us and our development partners. We're very happy to be back in the Bronx where it all began for our company," said Joseph Simone, president of Simone Development Cos. "We're particularly pleased to be located at the Hutchinson Metro Center which is one of the great success stories for our company and the Bronx." The Hutchinson Metro Center is Simone's flagship property and exemplifies the company's reputation for visionary development. Located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx, the Hutchinson Metro Center is one of the most successful office complexes of its kind in the region and a key factor in the revitalization of the area's economy. The 42-acre suburban style campus contains two office buildings totaling more than 700,000 s/f of class A office and medical space. Tower One - 1250 Waters Place - features 280,000 s/f of class A space on nine floors with four floors of covered parking. A second tower of 280,000 s/f is planned for construction adjacent to Tower One. The first phase of 460,000 s/f - 1200 Waters Place - was fully leased in less than two years. Simone Development Cos. 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 the Bronx, Westchester County, Queens, Long Island and Connecticut. The company's portfolio of more than 100 real estate properties totals over 5 million s/f of development space.