Simone Development totals 860,000 s/f of leasing activity in 2024

Bronx, NY According to Simone Development Companies, a leader in the development of state-of-the-art healthcare, mixed-use, office, industrial, retail and residential properties in the tri-state region, its total leasing activity in 2024 was approximately 860,000 s/f. Of the total 116 deals, new leases accounted for 382,073 s/f with renewals totaling 477,926 s/f. 

“We are very pleased with the level of leasing activity that our team has achieved this year. We are especially proud of the nearly 478,000 square feet of renewals signed. That is a testament to the high caliber of our properties and the level of service provided by our teams,” said Joanna Simone, president of leasing and property management operations at Simone Development Companies. “We look forward to another exciting year in 2025.”   

Notable lease transactions in the Westchester-Fairfield market included:

• Summit Health’s long-term lease renewal of 14,243 s/f and 5,610 s/f expansion at 644 West Putnam Avenue, Greenwich
• Healy Electric’s lease of 16,750 s/f at 1 Zeiss Drive, Thornwood 
• SightMD’s 9,409 s/f lease at One Executive Boulevard, Yonkers
• Dello Russo Laser Vision’s 3,000 s/f lease at 71 Nardozzi Place in New Rochelle
• Arsens Gym lease of 9,000 s/f for a new fitness facility at 316 Cortland Avenue, Stamford
• Release Recovery Center’s 7,698 s/f lease for a new outpatient facility at 3020 Westchester Avenue at Purchase Professional Park 
• Additional 2,320 s/f leased to Burke Rehabilitation for the expansion of its new outpatient therapy site to 5,132 s/f at 3020 Westchester Avenue, Purchase Professional Park  

Notable lease transactions in the NYC/Long Island market, included:

• Furniture maker Anthony Lawrence-Belfair’s lease of 25,214 s/f of warehouse space plus 19,312 s/f of land at 1200 Zerega Avenue, Bronx
• Northwell Health’s renewal of a 23,021 s/f lease for the entire building at 733 Sunrise Highway, Lynbrook 
• Northwell Health’s 19,162 s/f lease at 40 Melville Road, Melville for a new pharmacy fulfillment center and administrative offices 
• ENT & Allergy Associates’ new lease and expansion totaling nearly 16,000 s/f of space for a new clinical facility at 35-50 Francis Lewis Boulevard in the Flushing section of Queens
• Fastenal Company’s 10,000 s/f lease at 1385 Commerce Avenue, Bronx 
• SNIPES new lease of 6,854 s/f at the Throggs Neck Shopping Center, 815 Hutchinson River Parkway
• NewYork-Presbyterian’s 10,189 s/f lease at 2510 Westchester Avenue, Bronx
• Adams Clinical’s 7,000 s/f lease at 1200 Waters Place, Bronx
• All County Oral & Maxillofacial Surgery’s 4,807 s/f lease at 35-30 Francis Lewis Blvd. in Flushing, Queens