Diamond Properties Celebrates 30 Years with Major 2024 Acquisitions and the Opening of ShopRite at 333 North Bedford Road

Marking Three Decades of Success with 1.4 Million Square Feet Added and a Transformational Retail Development

MOUNT KISCO, N.Y., Feb. 5, 2025 /PRNewswire/ -- Diamond Properties proudly celebrates its 30th anniversary, marking three decades of strategic investment, innovation, and sustained growth in commercial real estate. This milestone coincides with an exceptional year of expansion, including six key acquisitions across Ohio, North Carolina, Indianapolis, and Florida. Alongside three additional properties acquired in late 2023, the company added 1.4 million square feet over 13 months, bringing its portfolio to 16.6 million square feet across 98 properties and 143 buildings.

"Reaching 30 years in business is a significant achievement, reflecting our team's expertise, resilience, and commitment to smart investing," said Jim Diamond, CEO of Diamond Properties. "Our strategic focus on industrial real estate, combined with a diversified portfolio, has positioned us for continued success despite market fluctuations."

With industrial properties now comprising 71% of its portfolio by dollar value, Diamond Properties remains focused on securing high-potential assets while maintaining a diverse mix of office, retail, hospitality, medical, and land investments. Despite a shifting real estate landscape in 2024, the company maintained strong leasing momentum and an impressive 96% occupancy rate across its portfolio.

In addition to acquisitions, Diamond Properties completed a landmark retail development in 2024—the opening of a brand-new 85,000-square-foot ShopRite Supermarket in Mount Kisco, NY.

This seven-year redevelopment effort transformed a 575,000-square-foot former Grand Union warehouse into a vibrant multi-use property. Diamond Properties secured rezoning and navigated a complex approval process, showcasing expertise in adaptive reuse and high-value asset transformation. With ShopRite now a long-term tenant, the project is set to drive economic activity and solidify 333 North Bedford Road as a key retail and commercial hub in Westchester County.

Since 1995, Diamond Properties has demonstrated strategic and resilient investment principles, acquiring and enhancing properties for long-term value creation through a disciplined approach and market adaptability.

As Diamond Properties enters its fourth decade, the company remains committed to sustainable growth, strategic acquisitions, and delivering exceptional value. With a proven ability to transform assets, the firm is well-positioned for continued success.

Based in Mount Kisco, NY, Diamond Properties is a commercial real estate investment and management firm specializing in industrial, office, retail, entertainment, and hospitality assets. With a portfolio spanning 98+ properties in 13 states, the company is committed to sustainability, community engagement, and long-term value creation. Diamond Properties has also been recognized as Westchester's Best Commercial Real Estate Company for five consecutive years.

For more information, visit www.dpmgt.com.

Media Contact:

Laressa Gjonaj
Marketing Director
Diamond Properties
(914) 639-3813
[email protected]

SOURCE Diamond Properties