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.

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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.