Simone Development Companies Signs Another Full-Building Lease with Fastenal Company, North America’s Largest Fastener Distributor | citybiz

Company Snaps Up 10,347 SF Warehouse Property in Westchester Square Section of The Bronx

Simone Development Companies announced that the largest fastener distributor in North America, Fastenal Company, has signed a 10,347-square-foot, long-term warehouse lease at 1385 Commerce Avenue in the Bronx, NY.

Simone Development Companies was represented by in-house leasing and legal teams while Fastenal Company was repped by Mathew Diana of DY Realty.

Fastenal will use the building for warehouse space and storage of construction and hardware materials, as well as ancillary office space. The deal marks the most recent lease for the company at a Simone property. In 2023, Fastenal Company signed a long-term lease for 7,100 square feet at Simone Development’s nearby 1448 Ferris Place in the Bronx, NY.

Fastenal is a diverse company that provides a variety of services to different organizations: an expert consultant, a logistics company, a technology provider, and more generally a distributor of wide-ranging industrial and construction products.

“We are thrilled that Fastenal Company has once again chosen a Simone Development property for their latest expansion,” said Josh Gopan, Vice President of Leasing at Simone Development Companies. “The building’s excellent condition and accessible location with proximity to major highways and public transportation make it a perfect fit for Fastenal.”

The street-level property is in move-in condition and offers 20-foot ceiling heights, two drive-in doors, and heavy power. It is a short walk from the Westchester Square #6 subway station and convenient to the Cross Bronx and Bruckner expressways.