Tag Archives: One Stop Voice

Joshua Simon, Founder, SimonCRE

SimonCRE reflects celebrates five years of success

In five years, SimonCRE has grown from a three-person operation to a thriving commercial real estate development firm with fifteen employees and an extensive portfolio of projects purchased and developed stretching from Oregon to Florida.

Founded in 2010 by Joshua Simon, the Scottsdale-based company celebrates its five year anniversary this month.

SimonCRE specializes in retail ground-up development, redevelopment, single tenant build to suits and multi-tenant development projects throughout the U.S. in primary, secondary, and tertiary markets. Simon has developed and leased more than two million square feet of retail space nationally.

Prior to founding SimonCRE, Simon spent more than six years as an independent contractor for a national development company in the capacity of a Developer and Senior Leasing Associate. His primary role was the due diligence, acquisition, design, development, and leasing for more than 1.6 million square feet of retail space located throughout the country. He played a direct and vital role in opening and growing the Arizona office from three employees to more than twenty.

Simon has always been a very active entrepreneur. Simon created a hosted VoIP company in 2010, which specialized in business communications called One Stop Voice. After almost four years of growth, Simon sold it to a publicly traded company to focus on the tremendous growth SimonCRE was experiencing.

“We have built our team based off of referrals and the combined real estate experience of my team is monumental, 180 years to be exact,” said Joshua Simon, President and Founder of SimonCRE. “Many of my colleagues were interested in my business strategy and our tremendous growth plan and wanted to be a part of it.”

SimonCRE’s early clients included EZCorp and Verizon Wireless. The company is on track to develop 33 build-to-suit projects in thirteen states this year for Dollar General, Pet Club, Verizon Wireless, EZ Pawn, O’Reilly Auto Parts and Tractor Supply Co. Simon has also invested in retail buildings with long-term leases to Hertz, Filiberto’s, Palm Beach Tan, Value Pawn, Verizon Wireless and several multi-tenant centers and retail shopping centers in several states.

SimonCRE currently has over fifty projects in the pipeline valued at over $100 million, creating thousands of jobs across the country. The projected total transactional volume will surpass $140 million in 2016. There are seven projects currently under construction in three different states.

“We are excited for what the triple net lease (NNN) market holds for the retail industry,” said Joshua Simon. “Over the past few years we have seen the market start to mature into a real niche whereby developers like us can carve out a business and specialize in redevelopment, ground up shopping center developments and build to suits.”

One of Simon’s largest acquisitions was the purchase of a 250,000 SF shopping center in Sterling Heights, MI anchored by Target and MJR Theater. A local project of significance is West 6th, the former Tempe Centerpoint. SimonCRE acted in an advisory capacity during the due diligence and also handled the leasing of the ground floor retail space.

Simon has been actively involved in many charitable organizations in the Valley. Simon has served on countless boards, raised hundreds of thousands of dollars working on charitable committees and has been nominated in over twenty publications both locally and nationally as an up and coming business leader, retail expert and entrepreneur.

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.