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