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New York & Tri-State  + Uptown/Bronx  + Industrial  |  October 3, 2018
Paul Bubny
By: Paul Bubny

Simone Leases Up Newly-Acquired Bronx Industrial

Attesting to the outer boroughs’ demand for industrial, Simone Development Companies has leased up a Bronx property shortly after acquiring it. Two tenants, Landauer Medstar and Aclara, have committed to a total of 41,000 square feet at 1185 Commerce Ave. in the Zerega Industrial Business Zone in the Bronx.

The Simone Metro Properties team of James MacDonald and Josh Gopan signed up Landauer Medstar, a leading medical equipment and supply company, and smart infrastructure solutions supplier Aclara to leases of 27,845 and 13,256 square feet, respectively. Cleva/Philips Real Estate’s Frank Dean and Brian Cleva represented Landauer, while Cushman & Wakefield’s Michael McCarthy negotiated for Aclara.

“In a white-hot industrial market, tenants valued our ability to quickly deliver a pristine industrial building allowing them to move in and open for business immediately with nearly no downtime,” said Gopan.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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