Simone Development Announces Over 20,000 Square Feet of Office and Retail Leasing Activity at Metro Center Atrium Signs Dunkin Donuts for Retail Space, Montefiore for 16,000 SF Office

Opening Nears as Buildouts Continue and Marriott Hotel Nears Completion

BRONX, N.Y., March 5, 2014 /PRNewswire/ -- Simone Development Companies today announced over 20,000 square feet of office and retail leasing activity at Metro Center Atrium, Simone's new 370,000-square-foot mixed-use project currently under construction at Hutchinson Metro Center.

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On the office side, Montefiore Medical Center will expand its large existing presence at Hutchinson Metro Center with a new 16,000-square-foot office lease at Metro Center Atrium, and the Law Offices of Joseph A. Romano will relocate into 5,000 square feet of newly built space.

Retail leasing continues to thrive with the signing of Dunkin Donuts, which will occupy 1,500 square feet on the ground floor, joining an LA Fitness health club (New York City's first) and a 9,000-square-foot Children's Corner day care center and providing an amenity for other tenants.  Simone is currently negotiating with a national family-style restaurant chain that could open at Metro Center Atrium.

The new leases demonstrate the unique appeal of the new building, which will feature a Marriott Hotel in addition to ground floor retail and 212,000 square feet of office space.  Metro Center Atrium is less than a mile from five major hospitals, making it an ideal location for medical practices and healthcare companies.  For retail tenants, the Metro Center Atrium provides a tremendous market of potential customers, with over 4,000 people working at the Hutchinson Metro Center complex.  Retail spaces will open soon, and office spaces are currently being built out with occupancy expected in early summer.

"The momentum at Metro Center Atrium is tremendous right now.  The level of interest from office and retail users is unbelievable, to the point where we're wishing we had even more space to offer," said Jim MacDonald, Vice President of Leasing for Simone.  "Hutchinson Metro Center has an outstanding set of attributes that appeal to major medical and corporate office tenants, as well as retailers, and we're seeing a great response as we move toward full occupancy."

Located within Simone Development's highly successful Hutchinson Metro Center complex in the Pelham Bay section of the Bronx, Metro Center Atrium features three floors of Class A office and medical space, as well as further retail and restaurant opportunities.  The architecturally distinctive building features a spectacular glass atrium and lobby and is set in a beautifully landscaped suburban-style campus setting.  Abundant parking is provided on-site with more than 1,100 spaces.  For leasing information, call (718) 518-8600.

Conveniently located off the Hutchinson River Parkway, Metro Center Atrium is easily accessible to major highways, bridges and airports.  Manhattan is less than 20 minutes away and Westchester County is 10 minutes away.  LaGuardia, JFK, and Westchester County airports are less than 30 minutes from the site.

About Simone Development Companies
Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of office, retail, industrial and residential properties in the New York tri-state area.  Headquartered in the Bronx, the privately held company owns and manages more than 5 million square feet of property in the Bronx, Westchester County, Queens, Long Island and Connecticut.  The company's portfolio includes more than 100 properties and ranges from multi-building office parks to retail and industrial space.  The company's largest and most successful development is the 42-acre Hutchinson Metro Center office complex located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx.  The first two phases of the complex (1200 Waters Place and 1250 Waters Place), which comprise nearly 750,000 square feet of Class A office and medical space, are fully leased.  Two additional phases totaling 650,000 square feet (the 370,000-square-foot Metro Center Atrium and 280,000-square-foot Tower Two, adjacent to 1250 Waters Place), are currently under development.

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SOURCE Simone Development Companies


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