NEW YORK, May 14, 2013 /PRNewswire/ -- Simone Development Companies announced two new leases at 1733 Eastchester Road, a freestanding medical office building in the Bronx. DaVita Inc., a leading national provider of dialysis and other kidney care services, leased 10,000 square feet of space, and Advanced Access Medical Care, a specialist in nephrology and hypertension, leased 7,000 square feet. In addition to the leased space, 1733 Eastchester Road offers 10,000 square feet of medical/office space in this prime location. Joseph Simone, president of Simone Development Companies, made the announcement.
"This is a stellar location for medical uses, given its proximity to major hospitals as well as public transportation," said James MacDonald, director of leasing for Simone Development Companies. "Given this recent burst of activity, and the interest we've had in the remaining space, I wouldn't expect this availability to remain much longer."
Montefiore Medical Center previously occupied 1733 Eastchester Road, and will be consolidating into the brand new, custom-built Tower 2 at Simone's Hutchinson Metro Center, located nearby. Simone took the opportunity created by the impending availability to update the common areas of 1733 Eastchester Road before marketing the property to potential tenants. Simone frequently accommodates its tenants' needs for expansion and consolidation within its expansive portfolio.
Mr. MacDonald represented Simone Development Companies in the transactions. The tenants negotiated on their own behalf, without brokers.
The remaining 10,000 square of space, located on the second floor, may be leased in its entirety or subdivided to a minimum size of 2,500 square feet.
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