Simone Development Companies and Fareri Associates announce over 10,000 s/f in new leases at Purchase Professional Park

Purchase, NY Simone Development Companies and Fareri Associates have announced two new leases and one expansion totaling over 10,000 s/f at 3010 and 3020 Westchester Ave. at Purchase Professional Park.

In an expansion of its current space, Release Recovery has doubled the size of their facility, now totaling nearly 16,000 s/f: a full floor at 3020 Westchester Ave.

Release Recovery is an organization that helps individuals and their families recover from substance use and mental health disorders through best-in-class, bespoke treatment and transitional living. The outpatient facility at 3020 Westchester Ave. is Release Recovery’s first outpatient treatment facility in New York state.

“In order to operate a successful behavioral healthcare organization, it is vital to find partners who understand you and your mission. We found that in Simone Development Companies. Without their support as a real estate partner, we would not be in the position we are today to continue helping others,” said Zac Clark, CEO and founder of Release Recovery.

In other news, Westchester Life has signed a new lease for 1,526 s/f at 3010 Westchester Ave. Westchester Life is a renowned chiropractic group that also offers acupuncture, laser hair removal, and facials.

MD Hyperbaric has signed a new lease for 1,025 s/f at 3010 Westchester Ave. MD Hyperbaric uses hyperbaric oxygen therapy to enhance healing and improve performance, offering dynamic clinical protocols and tailored services, including evaluating and restoring health through increased oxygen levels in a pressurized chamber.

“With the expansion of Release Recovery’s outpatient facility and the addition of leading practices like Westchester Life and Hyperbaric Medical Solutions, Purchase Professional Park is further cemented as a thriving community of medical professionals and a destination for wellness along Westchester’s Medical Mile,” said Joanna Simone, principal & president of leasing and property management operations for Simone Development Companies.

Located on Westchester Ave. in the “Medical Mile” along I-287, Purchase Professional Park combines Class A medical and office space, amenities, and one of the most convenient commercial locations in the region. The campus is located off I-287, the Hutchinson River Pkwy. and I-684, and is 10 minutes from Westchester County Airport.

The landscaped campus features four modern buildings totaling 220,000 s/f 3000, 3010, 3020 and 3030 Westchester Ave. 3030 Westchester Ave. is an 85,000 s/f medical building that is fully leased to Westmed Medical Group/Summit Health, a large multi-specialty group medical practice.

Purchase Professional Park offers a wealth of tenant amenities including an on-site Iron Tomato cafe, fitness center, 24/7 building access with camera security, a landscaped courtyard with seating areas, on-site owner management and complimentary parking.

Only three spaces remain available at the campus: 3000 Westchester Ave. (3,149 s/f), 3010 Westchester Ave. (4,511 s/f) and 3020 Westchester Ave. (3,587 s/f).

The expansion with Release Recovery was handled directly with Simone Development Companies’ in-house leasing and legal teams.

Westchester Life was represented by Tara Long and Matt Lisk of Cushman & Wakefield in direct negotiations with Simone Development Companies’ in-house leasing and legal teams.

MD Hyperbaric was represented by Peter H. Levine of Charter Realty, while Tara Long and Matt Lisk of Cushman & Wakefield represented Simone Development Companies alongside Simone’s in-house leasing and legal teams.

Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over seven million s/f throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With expertise spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.

Fareri Associates, LP, of Greenwich, is a family owned and operated real estate investment and construction company focusing on development and re-development of office, retail, mixed-use and residential properties primarily in Fairfield County, Connecticut and Westchester County.

Release Recovery is a nationally recognized, New York-based behavioral healthcare community offering safe, private, and confidential support for substance use and mental health. Founded by a leader with lived experience in long-term recovery, Release is committed to breaking the stigma around addiction, alcoholism, anxiety, and depression. Release combines clinical expertise with real-world understanding, strong community, and an environment built for sustainable change.