Tag Archives: Joshua Simon

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SimonCRE is Poised for Continued Growth in 2015

Commercial real estate developer SimonCRE announces the addition of partner Jeff Carpenter to the organization. With a strong background in retail development, leasing and finance, Carpenter will be involved with and add to the core business strengths of the firm. He brings additional expertise with single tenant build-to-suit and shopping center acquisition, which are explosive growth areas for SimonCRE.

 

“We are proud to welcome Jeff to the team,” says Joshua Simon, president and founder of SimonCRE. “He is an esteemed colleague and friend bringing vast industry knowledge and invaluable experience to the company. His strong work ethic and values are evident in every project he takes on and will aid in our continued growth.”

 

A full service commercial real estate development company, SimonCRE specializes in retail ground up development, redevelopment, and single tenant build-to-suits throughout the country. The firm actively seeks opportunities to produce and redevelop quality shopping centers and retail spaces that enhance the local business climate. Current clients include Dollar General, the nation’s largest independent Verizon Wireless dealer Moorehead Communications, and EZCorp with their EZPawn retail stores.

 

To date, SimonCRE has been instrumental in the retail development and subsequent leasing of over two million square feet of commercial space in 26 states from Florida to Oregon. The organization has doubled its employee base since 2013 because of its tremendous growth. The addition of Carpenter will bolster the growth trend.

 

Prior to joining SimonCRE, Carpenter spent six years with Sandor Development leading its private equity arm, Sand Capital, in sourcing, underwriting and the acquisition of non-performing notes and lender owned commercial real estate. Carpenter began his career in commercial real estate at Phoenix Commercial Advisors, a commercial real estate brokerage specializing in retail tenant representation, project leasing, and investment sales.

 

At SimonCRE, Carpenter will specialize in sourcing new build-to-suit and shopping center opportunities.
“Our business is predicated on developing and maintaining strong relationships. As we interweave those relationships with our primary business focus of innovative strategic direction, we deliver a personalized solution to each project and client,” says Simon. “Jeff is completely aligned with our business philosophy which makes him a great fit for our clients.”

options grow for telecommunication providers - AZ Business Magazine April 2008

One Stop Voice completes sale to Crexendo

Two Phoenix-based businesses have announced a purchase agreement of One Stop Voice (OSV) to Crexendo, Inc. (NYSE MKT: EXE). OSV, a company built by Joshua Simon, president of SimonCRE, provides top of the line, feature rich, cloud-based communications systems to small and medium sized business customers. OSV is located in Scottsdale and focuses on Arizona markets while providing telecom services nationwide. Crexendo is a hosted services company that provides hosted telecommunications services, hosted website services, website development software and broadband internet services for businesses and entrepreneurs. Their corporate offices are in Tempe.

This purchase will transfer certain infrastructure and customers of OSV to Crexendo. Crexendo has hired OSV’s customer service supervisor as well as their sales director to assure a smooth migration of OSV’s customer base into Crexendo. In addition Crexendo has entered into an agreement with OSV to maintain certain support functions to assure a seamless transition with no disruption to any customers.

Steven G. Mihaylo, Chief Executive Officer, commented, “We are very pleased with the OSV asset purchase and the synergies that our companies offer each other. We have indicated that we intend to grow our business both by acquisition and organically. We expect to add approximately $500,000 in annual revenues with this acquisition and we expect the acquisition to be accretive from day one. This acquisition confirms our commitment to acquiring accretive companies that expand our customer base and increase shareholder value. At the same time, we continue to make improvements to our internal sales as well as our dealer/partner program which we also expect will increase shareholder value.”

“We knew that to keep providing the level of service our customers expect, substantial infrastructure investment was required,” says Simon of the deal. “Crexendo provides world-class products and services and we knew our customers were in excellent hands. We are confident Crexendo will continue to provide the level of service that OSV customers have enjoyed while having the additional opportunity to provide some expanded services and offerings Crexendo has available.”

Simon is now able to focus his attention to his other business venture, SimonCRE, which is a nationally focused commercial real estate development company.