Mount Vernon, NY Simone Development Companies said that Total Wireless has signed a new lease for 1,600 s/f of retail space at 44-46 Gramatan Ave. The property is now fully leased.
Total Wireless (formerly Total by Verizon) is one of the oldest master dealers in the wireless industry.
“We are very pleased to welcome Total Wireless to their new retail location in Mount Vernon. We are also delighted to announce that this property is now fully leased,” said Joanna Simone, principal and president of leasing and property management operations for Simone Development Companies. Other tenants in the 9,600 s/f, one-story building include national names like H&R Block and Pizza Hut alongside several local retailers.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,