Affinity Health Plan Signs 95,000 SF Lease for New Headquarters at Metro Center Atrium

   Affinity Health Plan Signs 95,000 SF Lease for New Headquarters at Metro
                                Center Atrium

Mixed-Use Complex Attracts Growing Number of Healthcare and Medical Tenants

PR Newswire

BRONX, N.Y., July 17, 2014

BRONX, N.Y., July 17, 2014 /PRNewswire/ --Simone Development Companies
announced today that Affinity Health Plan, a leading managed care organization
serving more than 267,000 members in the New York metro area, has signed a
lease for 95,000 square feet of office space at Simone's Metro Center Atrium
mixed-use complex in the Bronx.

Affinity Health Plan is relocating its headquarters from 2500 Halsey Street in
the Bronx to the Metro Center Atrium, a 370,000-square-foot
office/retail/hotel complex that is nearing completion at Simone's 42-acre,
multi-building Hutchinson Metro Center campus.

"We are thrilled to announce this major lease transaction at the Metro Center
Atrium. With the addition of Affinity Health Plan, the Metro Center Atrium is
approaching full occupancy, making it one of the most successful new
commercial real estate developments in the region. This is great news for the
Bronx which is enjoying an unprecedented economic renaissance," said Joseph
Simone, President of Simone Development Companies. "The leasing activity that
we have experienced over the past six months has been phenomenal. The Metro
Center Atrium has emerged as the premier location for healthcare companies and
medical practices looking for state-of-the-art space in a convenient and
central location with first-class amenities," Simone added.

Cresa New York represented Affinity Health Plan in the transaction. Simone was
represented in-house by Joseph Simone, Joseph Deglomini, Jr. and James
MacDonald.

Among the other healthcare tenants recently signing leases at the complex
include Montefiore Medical Center, Calvary Hospital, Fresenius Medical Care
North America, Hanger Prosthetics, Parkchester Oral & Maxiliofacial Surgery
and Ophthalmologist Dr. Eric Wolf. The Metro Center Atrium is less than a mile
from five major hospitals, making it an ideal location for medical practices
and healthcare companies.

In addition to healthcare and medical practices, the Metro Center Atrium is
also attracting retailers including Dunkin Donuts, which will occupy 1,500
square feet on the ground floor, joining an LA Fitness health club (first in
New York City) and a 9,000-square-foot Children's Corner day care center. An
announcement is expected soon on a national family-style restaurant chain
opening at Metro Center Atrium. Another major feature drawing tenants to the
complex is the new 125-room Marriott Hotel which is scheduled to open in the
fall. It will be the first luxury hotel to open in the Bronx.

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.

SOURCE Simone Development Companies

Contact: Thompson & Bender (914) 762-1900, Dean Bender -
dean@thompson-bender.com; Jerry McKinstry - jerry@thompson-bender.com
 
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