Commercial real estate developer SimonCRE purchased a two-story 7,756 square feet office building for $1.48 million in Scottsdale, which will become its new headquarters.
The office space has a basement and is located at 6900 East 2nd Street in Scottsdale. SimonCRE has grown from three employees to sixteen in just over a year.
SimonCRE will renovate the exterior facade, update the landscaping and complete an interior renovation that will likely put the new headquarters in the running class to be considered a 2016 best offices to work in Arizona.
Plans include adding a gym & shower, interior brick walls for an open workspace and many other great incentives to retain and recruit first class team members.
“We are spending over $500,000 on the exterior renovation alone as to give the new building a New York City loft feel,” said Josh Simon, President of SimonCRE. “We are really excited to redevelop our own space and put our own touches to please and fit our growing team of professionals.”
The seller of the office building, Redline Realty, LLC, was represented by Patrick Luther of Faris Lee Investments.
Renovations are underway and plans to move the team into the new space is scheduled for 2nd quarter of 2016.
SimonCRE plans to develop over $140 million in retail projects across 10 states in 2016.
