News: Brokerage

Simone Development Companies signs DLP Distribution to 1,600 s/f at 66 Westchester Sq.

Bronx, NY Simone Development Companies has signed a new long-term lease with DLP Distribution for a 1,600 s/f discount appliance store at 66 Westchester Sq. The new store will be DLP’s fifth New York location.

Simone Development’s in-house leasing and legal teams represented ownership in negotiations with the tenant, which was represented by Steven Zhou from E Realty Int’l. Corp.

“DLP Distribution is a welcome addition that will add vibrancy to the Westchester Square neighborhood,” said Joanna Simone, president of leasing and property management operations at Simone Development Companies. “DLP Distribution is a perfect fit for our property’s established tenant mix including AT&T, Karibbean Krave, L’Amour Nail & Spa, and the Armed Forces Career Center. Located in one of the borough’s prime retail and transportation hubs, 63-68 Westchester Sq. is now 100% leased.”

The retail property at 63-68 Westchester Sq. is located in Westchester Sq. neighborhood, near multiple bus lines, the 6 subway line, and close to the East Tremont Ave. retail corridor, with access to the rest of the city and the tri-state area.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,