PRLog - Nov. 16, 2011 - BRIARCLIFF MANOR, N.Y. -- BRONX, NY - In a major boost for the economy of the Bronx, New York City and New York State, Simone Development Companies has announced that Smith Electric Vehicles Corp., a leader in zero-emission, all-electric commercial vehicles, has signed a lease for a 90,000-square-
295 Locust Avenue, Bronx, NY
The major announcement was made at a news conference held November 15th at the Bronx County Building and attended by State, City and Borough officials as well as executives from Smith Electric and Simone Development. Among those at the event were Bronx Borough President Ruben Diaz Jr.; Ken Adams, President and CEO of Empire State Development Corp., New York City Economic Development Corp. President Seth W. Pinsky, and Bryan Hansel, Founder, CEO and Chairman of Smith Electric Vehicles.
“We are absolutely thrilled that Smith Electric Vehicles will be opening their new manufacturing facility in our state-of-the-
Smith Vehicle Corp., which is based in Kansas City, Missouri, will renovate and equip the building for its manufacturing assembly, service and sales facility. Beginning in 2012, the company will manufacture its Newton™, a zero-emission all-electric commercial vehicle. In addition to making investments in renovations, equipment and training, Smith Electric is receiving a package of state and city incentives valued at over $6 million.
Smith Electric vehicles operate in major urban centers, including New York City where companies such as PepsiCo’s Frito-Lay division, Duane Reade, Coca Cola, and Down East Seafood have purchased and currently operate Smith Electric vehicles.
Built in 2002, the Simone property at 295 Locust Avenue was formerly occupied by the Murray Feiss Company, a major distributor of interior and exterior residential lighting and lamps. The building features a 70,000-square-
Representing Simone Development in the lease transaction was James D. MacDonald, Director of Leasing. “We are proud to have Smith Electric join Simone Development’
For more information about Simone Development visit http://simonedevelopment.com
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