Ashley Furniture Leases 30,000 SF for New Store at Site in New Rochelle, NY

Aug. 28, 2009 - PRLog -- NEW ROCHELLE, NY – Simone Development Companies, a full service real estate investment company, has announced that Ashley Furniture has signed a lease for approximately 30,000 square feet at 80 Nardozzi Place, New Rochelle, NY.

Ashley Furniture is opening an Ashley Furniture Homestore in September at the 44,000-square-foot building which was formerly a Linens ‘N Things store. The New Rochelle store will be Ashley Furniture’s 15th store in New York State and its first store in Westchester County. Ashley is the largest furniture manufacturer and top selling brand of home furniture in North America.

“We are very pleased to announce this major retail lease to Ashley Furniture which is a leading manufacturer and retailer of high quality furniture. Their move to New Rochelle is very positive development for the area’s economy,” said Joseph Simone, President of Simone Development Companies. “We are seeing a lot of activity from prospective tenants for the remaining space in the building. With its excellent visibility from I-95, it is one of the finest retail locations in the region,” Mr. Simone added.

Located directly off Exit 15 of I-95 and across from Home Depot and Costco, 80 Nardozzi Place offers retailers high visibility as well as close proximity to New York City.

Headquartered in New Rochelle, 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 tri-state area. The privately held company owns and manages an extensive range of commercial projects from multi-building office parks to retail and industrial space in Westchester County, Queens, the Bronx, Long Island and Connecticut. The company’s portfolio of more than 90 real estate properties totals approximately 4 million square feet of development space. Among its many properties is the Hutchinson Metro Center, a 42-acre Class A office and medical park located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx.

For more information about Simone Development Companies, visit www.simdev.com

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About Simone Development Companies: Headquartered in New Rochelle, 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 tri-state area. The privately held company owns and manages an extensive range of commercial projects from multi-building office parks to retail and industrial space in Westchester County, Queens, the Bronx, Long Island and Connecticut. The company’s portfolio of more than 90 real estate properties totals approximately 4 million square feet of development space. Among its many properties is the Hutchinson Metro Center, a 42-acre Class A office and medical park located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx. For more information about Simone Development Companies visit www.simdev.com