Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-With Old London Foods scheduled to move its bakery operations out of the Bronx at the end of next year, Simone Development Cos. is looking to reposition the 204,015-square-foot warehouse currently occupied by the snack food maker. Simone is marketing the complex at 1776 Eastchester Rd. for lease as warehouse, office and biotech space, according to a release.

The two-story 1776 Eastchester is on seven acres adjacent to Simone Development’s 740,000-square-foot Hutchinson Metro Center office complex, with 121,961 square feet on the first floor and 82,054 square feet on the second floor. It includes 10,000 square feet of office space, which Simone Development says is expandable.

In the release, Simone Development president Joseph Simone says the property offers “tremendous potential for a number of commercial uses.” In particular, Simone says, “With four major hospitals less than a mile away and a growing base of medical practices at the Hutchinson Metro Center, this property is ideally situated for conversion to a biotech research center.”

The property’s location is advantageous in more ways than one, says Simone. It’s near the site of the 911 Call Center that New York City is scheduled to begin constructing in March of 2010, which will mean infrastructure improvements to the immediate area, including a new public road with bus service and upgrades to electrical power transmission in the area. “The construction of the 911 Call Center will be a major boost for commercial properties in the immediate area, including the Old London site,” he says in the release.

Hutchinson Metro Center is itself the product of redeveloping an existing asset. In 2001, Simone bought the former Bronx Developmental Center from the city, expanding the complex’s original 18.2 acres into 42 through a series of acquisitions. The first tenants at Hutchinson Metro began occupancy in 2003.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.