• MacDonald arranges leases of medical office space

New deals bring Simone Development Companies' 385 Prospect Ave. in Hackensack near full occupanc


HACKENSACK, NJ — Simone Development Companies, a leading investor and developer of medical office and healthcare properties throughout New York, New Jersey and Connecticut, has completed two new leases of medical office space at 385 Prospect Ave. in Hackensack, bringing the property to more than 90% leased. Simone Development acquired the property in the first half of 2017 and has repositioned the asset and invested in a multi-million-dollar renovation, including new lobbies, common areas, façade work and energy management upgrades to bring the asset up to the quality standards the company is known for throughout its portfolio of medical office properties. James MacDonald, VP/director of leasing for Simone Metro Properties, arranged the leases, which bring the property from 40% to 90% occupancy.

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