INSIGHTS INTO THE WORLD OF SIMONCRE AND THE INDUSTRY WE LOVE

news & views

SimonCRE Adds Old Town Scottsdale Restaurant to Its Portfolio

SimonCRE recently added a 1,488-square-foot retail building housing Italian restaurant Grazie to its real estate portfolio.

Grazie2Located at 6952 E Main Street, the property sits just west of the northwest corner of Goldwater Boulevard and Main Street, near the heart of Old Town Scottsdale.

>> SEE THE PROJECT FLYER 

There are currently no development plans in place for the building, which sits on a 6,561-square-foot lot. SimonCRE plans to hold the property as a long-term investment.

The tenant, Grazie, has been in been in business since 2001 and is a premier Old Town spot serving wood-fired pizza, pasta, and traditional Italian dishes to go along with a robust wine list.

“This is a tremendous opportunity for us to invest in a great property with a great tenant right in our backyard,” says Joshua Simon, Founder and CEO of SimonCRE.

In addition to this property, SimonCRE has previously invested and redeveloped a handful of properties in the Old Town/South Scottsdale areas including the SimonCRE Headquarters at 6900 E 2nd Street, Tuft & Needle Scottsdale at 2730 N Scottsdale Road, and a CorePower Yoga at 4252 N Drinkwater Boulevard.

Tags: Scottsdale JUST CLOSED! Acquisition Announcements Recent Projects

Stay up to date on the latest in commercial real estate with Simon SumUp
Recent Projects

Follow Us

Follow SimonCRE on Facebook Follow SimonCRE on Twitter Follow SimonCRE on LinkedIn Follow SimonCRE on Google+

Subscribe for updates

Popular Posts