Simone pays $6.5M for Port Chester industrial flex building

By John Golden

No Comment
21 Grace Church St. in Port Chester. 21 Grace Church St. in Port Chester.

Simone Development Cos. recently closed on its $6.5 million purchase of 21 Grace Church St., a fully occupied, 65,000-square-foot industrial flex building in Port Chester whose main tenant is a a 32-year-old coffee roasting company.

The property was acquired by the Bronx-based developer in an off-market deal with the previous owner Grace 21 Associates LLC.

Tenants are Empire Coffee Co. Inc., which in 1994 opened a 40,000-square-foot facility for its expanded roasting, grinding and packaging business at 21 Grace Church St., AlbumX Corp. and Port Chester Market Corp.

Joseph Simone, president of Simone Development, in a press release said the acquisition “preserves these homegrown jobs while providing an excellent long-term investment opportunity for Simone Development.”



About the author

John Golden
The Business Journal’s senior writer, John Golden directs news coverage of the county and Hudson Valley region as Westchester bureau chief. He was an award-winning upstate columnist and feature writer before joining the Business Journal in 2007. He is the author of “Northern Drift: Sketches on the New York Frontier,” a collection of his regional journalism.