Diamond Properties Marks 30 Years of Strategic Growth with Major Acquisitions and a Transformational Retail Development

MOUNT KISCO, N.Y.--(BUSINESS WIRE)--As Diamond Properties celebrates its 30th anniversary, the company reflects on three decades of visionary investments and sustained expansion in the commercial real estate sector. Over the past year, Diamond Properties has significantly grown its portfolio with key acquisitions in Ohio, North Carolina, Indianapolis, and Florida, alongside three additional properties acquired in late 2023. This period of expansion added 1.4 million square feet of commercial space, bringing the company's holdings to an impressive 16.6 million square feet across 98 properties and 143 buildings.

"Reaching 30 years in business is a significant achievement, and it speaks to our team’s expertise, resilience, and unwavering commitment to smart investing," said Jim Diamond, CEO of Diamond Properties. "Our strategic focus on industrial real estate, combined with a diversified portfolio, has positioned us for continued success despite market fluctuations."

Expanding and Diversifying for the Future

With industrial properties now comprising 71% of its portfolio by dollar value, Diamond Properties remains focused on securing high-potential assets while maintaining a diverse mix of office, retail, hospitality, medical, and land investments. Despite a shifting real estate landscape in 2024, the company achieved strong leasing momentum, maintaining an impressive 96% occupancy rate across its portfolio.

ShopRite at 333 North Bedford Road: A Game-Changing Retail Development

In addition to its acquisitions, Diamond Properties completed a landmark retail development in 2024—the opening of a brand-new 85,000-square-foot ShopRite Supermarket at 333 North Bedford Road in Mount Kisco, NY.

The culmination of a seven-year redevelopment effort, this project transformed a 575,000-square-foot former Grand Union warehouse into a vibrant multi-use property. Working closely with the Village of Mount Kisco, Diamond Properties secured rezoning and navigated a complex approval process, demonstrating its expertise in adaptive reuse and high-value asset transformation. With ShopRite now a long-term tenant, the project is expected to drive significant economic activity and solidify 333 North Bedford Road as a key retail and commercial hub in Westchester County.

A Legacy of Smart Investing & Stability

Since its founding in 1995, Diamond Properties have consistently demonstrated strategic and resilient investment principles, acquiring and enhancing properties with long-term value creation by a disciplined approach and ability to adapt to market trends.

Looking Ahead to a Promising Future

As Diamond Properties embarks on its fourth decade, the company remains committed to sustainable growth, strategic acquisitions, and delivering exceptional value to tenants and investors alike. With a disciplined approach to acquisitions and a proven ability to transform assets, Diamond Properties is well-positioned to continue its legacy of success.

About Diamond Properties

Based in Mount Kisco, NY, Diamond Properties is a commercial real estate investment and management firm specializing in industrial, office, retail, entertainment, and hospitality assets. With a portfolio spanning 98+ properties in 13 states, the company is dedicated to sustainability, community engagement, and long-term value creation. Diamond Properties has also been honored as the Best Commercial Real Estate Company in Westchester for five consecutive years.

For more information, visit www.dpmgt.com.