#USA #Diamond Properties #ShopRite #Mount Kisco

Celebrating Three Decades of Excellence

Diamond Properties is proud to commemorate its 30th anniversary, a significant milestone that not only highlights its resilience and strategic foresight in commercial real estate but also coincides with a pivotal year of growth and transformation. The firm has made notable strides in expanding its portfolio through several strategic acquisitions, reinforcing its reputation as a leading player in the industry.

Robust Expansion Initiatives

In the past year alone, Diamond Properties has successfully acquired six key properties across various states including Ohio, North Carolina, Indianapolis, and Florida. Additionally, the company has added three more properties obtained in late 2023, resulting in an impressive total of 1.4 million square feet added within just 13 months. This expansion has now brought the company's total holdings to approximately 16.6 million square feet distributed across 98 properties and 143 buildings, showcasing a strong commitment to growth and scalability.

Jim Diamond, the CEO of Diamond Properties, reflected on these achievements, stating, "Reaching 30 years in business is a significant achievement, reflecting our team's expertise, resilience, and commitment to smart investing." His enthusiasm for the future is evident as he highlights the company's adept focus on industrial real estate, which currently makes up 71% of its portfolio by dollar value.

The Groundbreaking Opening of ShopRite

A particularly noteworthy achievement in 2024 has been the grand opening of a new 85,000-square-foot ShopRite Supermarket in Mount Kisco, New York. This project is not just a typical retail venture, but rather a transformational development that involved the meticulous redevelopment of a 575,000-square-foot former Grand Union warehouse. The long seven-year redevelopment effort involved securing rezoning approvals and navigating a complex series of regulatory hurdles.

With ShopRite now established as a long-term tenant, the new supermarket is poised to become a vibrant hub of economic activity. This initiative has cemented 333 North Bedford Road's status as a central retail and commercial area in Westchester County, further evidencing Diamond Properties' proficiency in adaptive reuse and property transformation.

A Legacy of Smart Investing

Since its inception in 1995, Diamond Properties has championed strategic investment practices characterized by careful analysis and flexibility, which have been key to its long-term value creation. The firm has consistently enhanced its properties to meet market demands, ensuring sustained occupancy rates, which currently stand at an impressive 96% across its diverse portfolio.

Future Outlook

As Diamond Properties eyes its fourth decade, the commitment to sustainable growth and strategic acquisitions remains steadfast. The firm's expertise and historical ability to transform properties for optimal performance position it favorably for ongoing success in the dynamic real estate market. With a legacy of quality and resilience, Diamond Properties is set to continue making impactful contributions to communities and the industry at large.

About Diamond Properties

Based in Mount Kisco, NY, Diamond Properties specializes in commercial real estate investment and management, focusing on a mixed portfolio that includes industrial, office, retail, entertainment, and hospitality assets. The firm currently operates across 13 states with its impressive portfolio encompassing over 98 properties. Renowned for its commitment to sustainability and community engagement, Diamond Properties has earned the title of Westchester's Best Commercial Real Estate Company for five consecutive years. For further details, visit www.dpmgt.com.