SimonCRE purchased a retail property located just outside of Old Town Scottsdale at Scottsdale and Thomas Roads, and is leasing the property out to a chicken restaurant.
The 4,200-square-foot property was purchased from Astria Realty by SimonCRE for $1,492,460. SimonCRE plans to redevelop the property before its upcoming tenant, Bush’s Chicken moves in this summer.
Bush’s Chicken is a drive-thru restaurant concept, which started in Waco, Texas in 1996.
ORION Investment Real Estate represented SimonSCRE in leasing the building to Bush’s Chicken, and in the purchase of the property. Tim Gunnink and Andrew Harrison worked on the sale, representing SimonCRE. Lance Umble at Phoenix Commercial Advisors represented Bush’s Chicken.
“This is a great redevelopment opportunity in a very active Scottsdale trade area,” said Joshua Simon, President of SimonCRE.