Simone Development fully leases Mount Vernon industrial center with 36,000 square feet of new deals

Simone Development Companies signed two leases totaling 36,000 square feet at 560 South Third Avenue in Mount Vernon, New York, filling the 63,445-square-foot industrial center. The move underscores continued demand for well-located industrial space near major transportation routes in the region.

Why it matters: - The full lease-up of 560 South Third Avenue shows continued demand for infill industrial space in Mount Vernon. - The property’s location near major highways and transit links gives tenants access to regional distribution routes. - Simone Development says the leasing reinforces Mount Vernon’s role in the regional supply chain.

What happened: - Simone Development Companies signed two new leases totaling 36,000 square feet at 560 South Third Avenue in Mount Vernon, New York. - The two-story industrial center spans 63,445 square feet and is now fully leased. - The announcement was made on August 28, 2026.

The details: - The building includes on-site parking, high clear ceiling heights, a drive-in door and a loading dock. - The property sits near the Hutchinson River Parkway, I-95 North and South, U.S. Route 1 and public transit service from Bee-Line Bus routes #52 and #54. - Corey Cohen of The Roebling Group and Michael Rao of New York Commercial Realty Group represented the two new tenants. - Simone Development was represented by its in-house leasing and legal teams, along with Ryan Shay of Shay Property Group, the exclusive broker for the property. - The company describes itself as a privately owned real estate investment firm focused on healthcare, mixed-use, retail, office, industrial and residential properties across New York City, its suburbs and New Jersey. - Simone Development says its portfolio exceeds 7 million square feet and that the firm has spent nearly five decades transforming vacant and underused sites into developments. - More information is available in the company’s announcement.

Between the lines: - The lease-up suggests well-located industrial buildings with strong roadway access remain tight in the Mount Vernon market. - The deal also highlights the value tenants place on smaller infill properties that can support last-mile and regional logistics needs.

What's next: - With the building fully leased, Simone Development will likely focus on operating the asset and pursuing similar industrial opportunities in the region. - Continued leasing demand in Mount Vernon could support additional industrial investment near key transportation corridors.

The bottom line: - Simone Development has turned a 63,445-square-foot Mount Vernon industrial property into a fully leased asset, signaling strong demand for accessible industrial space in a supply-chain-oriented location.