Commercial real estate developer SimonCRE purchased an approximately 3,170 SF freestanding retail building formerly known as the popular Dirty Drummer Restaurant and Bar. The building is located at 2730 North Scottsdale Road near the intersection of Thomas Road and Scottsdale Road in Scottsdale, Arizona.
SimonCRE will begin construction on substantial improvements to the exterior and interior of the building for an undisclosed retail tenant to be announced at a later date. Renovations include upgrading the exterior façade, remodeling the interior space, and various site and utility improvements. Construction should commence within six months.
“We are starting to do a lot more redevelopment projects throughout the valley and this location was such an ideal investment since it was right in our backyard,” said Josh Simon, President of SimonCRE. “We look forward to seeing what the next conversion of the space will be.”
Trenton McCullough, Greg Vanlerberghe, and Peter McQuaid of Levrose represented the buyer, SimonCRE, in the $1,100,000 purchase. Trent Goulette of Southwest Retail Advisors represented the seller, 2730 Scottsdale Partners, LLC.
Dirty Drummer is still operating at their location off of 44th Street in Phoenix.
Founded by EO Arizona member Joshua Simon in 2010, SimonCRE is a full service commercial real estate development company that has developed and leased more than two million square feet of retail space all over the United States. The firm specializes in retail ground up development, redevelopment, single tenant build-to-suits, and multi-tenant retail building projects. SimonCRE has over $100 Million in construction projects planned in seven states in 2015, including 25 build-to-suits. SimonCRE is headquartered at 5111 North Scottsdale Road, Suite 200, Scottsdale, Arizona 85250. For more information, call 480.745.1956 and visit SimonCRE.com.
Read release here.