Signs Dunkin Donuts for Retail Space, Montefiore for 16,000 SF Office



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-- WITH PHOTO -- TO BUSINESS, HEALTH, AND REAL ESTATE EDITORS:

Simone Development Announces Over 20,000 Square Feet of Office and

Retail Leasing Activity at Metro Center Atrium

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.

Photo - http://photos.prnewswire.com/prnh/20140305/PH76872

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.

Contact : Great Ink Communications, Ltd. - 212-741-2977 Roxanne

Donovan (Email) Eric Waters (Email) Eric Gerard (Email)

Read more news from Simone Development Companies.

SOURCE Simone Development Companies

-0- 03/05/2014

/Photo: http://photos.prnewswire.com/prnh/20140305/PH76872

PRN Photo Desk, photodesk@prnewswire.com

/Web Site: http://www.simonedevelopment.com

CO: Simone Development Companies

ST: New York

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PRN

-- PH76872 --

0000 03/05/2014 13:30:00 EDT http://www.prnewswire.com

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The Associated Press

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