Next Generation Pediatrics, Greenwich Medical Partners Lease 5,623 SF for Combined Medical Offices at 644 West Putnam Ave. in Greenwich
Unique and Ground-Breaking Practices Bring Property to 100% Occupancy
(GREENWICH, CT – OCTOBER 5, 2015) – Simone Development Companies has announced that Next Generation Pediatrics and Greenwich Medical Partners have signed a 5,623 square-foot lease for combined offices at the developer’s newest Greenwich development project located at 644 West Putnam Avenue, a 36,000-square-foot retail/office/medical building that is now 100 percent leased.
Christopher Cortese, managing director of Newmark Grubb Knight Frank, represented the tenants in the deal, while Patricia Simone of Simone Development and Cindy Jenereaux of Fareri Associates, represented the owners.
In addition to providing premium health care for children and teens through Next Generation Pediatrics, the partnership with Greenwich Medical Partners, led by Dr. Caleb Moore, means the combined practices now offer internal medicine services for adults as well.
Founded by Dr. Erik Cohen, Next Generation Pediatrics provides a revolutionary office experience at facilities that cultivate a fun visit for both children and parents. By limiting the number of patients their pediatricians see on any given day to 6 to 8, Next Generation allows the physicians to provide a significantly increased level of personalized service by decreasing the number of patients in the practice. Greenwich Medical Partners has adopted a similar approach to their teen and adult practice.
Many of the criticisms of the current model of health care originate from the fact that each physician must care for too many patients. A traditional pediatrician often sees 30 to 40 patients in a single day. The more patients physicians have, the less accessible they become. This translates into increased difficulty contacting the office, inability to contact the physician after routine hours in a timely manner, longer waiting times, and decreased time actually spent with the physician. Both the doctors and the families are often left unsatisfied by the experience.
“We have a lot less patients and a lot more time to care for them,” said Dr. Cohen. “Our lower numbers give us the flexibility to offer such unique amenities as home visits and direct physician cell phone access. Our increased staff means reaching an answering machine instead of a live person is virtually impossible. Simply stated, we believe an hour spent in the office should be with the physician in an exam room and not with someone else's sick children in the waiting room. We are the only pediatric concierge practice in the state and probably one of only 10 in the country, and the only concierge practice that encompasses both adults and children.””
In addition, Next Generation provides an environment that is as fun as it is functional. Kids love the age-appropriate exam rooms and the optical entertainment systems similar to those found in children's museums. The practices also benefit patients by employing electronic medical records, on-site specimen collection and prescriptions that are electronically sent to the pharmacy before they have left the office.
In addition to Next Generation Pediatrics and Greenwich Medical Partners, WESTMED Medical Group, a large multi-specialty medical practice based in Westchester County, NY, previously leased 9,347 square feet on the second floor of the two-story building for medical offices and 3,356 square feet on the ground level for a walk-in medical clinic. WESTMED is scheduled to occupy the space by Fall 2015. CVS Pharmacy occupies 16,000 square feet on the ground floor of 644 West Putnam Avenue as well.
The property at 644 West Putnam Avenue was developed by Simone Development Companies in partnership with Fareri Associates, LP, a Greenwich-based real estate investment and development firm. The building, which has direct access to West Putnam Avenue (Route 1) and Holly Hill Lane, is situated on a two-level underground parking garage with on-grade parking as well.
“We designed this property to bring the highest quality of patient-centered care with a focus on measured excellence to Fairfield County, and with this latest lease we have achieved that goal,” said Ms. Simone, Vice President of Leasing and Operations of Simone Development.
About Simone Development Companies
Simone Development Companies is a full-service real estate investment firm specializing in the acquisition and development of commercial, healthcare, industrial, retail and residential properties throughout the tri-state region. Headquartered in the Bronx, the privately held company owns and manages a diverse portfolio of more than 100 commercial properties exceeding 5 million square feet in the Bronx, Manhattan, Westchester County, Queens, Long Island and Connecticut. Simone’s largest and most successful development is the 42-acre Hutchinson Metro Center office complex located directly off the Hutchinson River Parkway in the Bronx. Visit www.simdev.com.
About Fareri Associates
Fareri Associates, LP, Greenwich’s most active developer, is a family owned and operated real estate investment and construction company focusing on development and re-development of office, retail, mixed-use and residential properties primarily in Fairfield County, Connecticut and Westchester County, NY.