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SimonCRE Purchases Mesa Property to House Newest Aspire Fitness Location

SCOTTSDALE, ARIZONA – Scottsdale-based developer SimonCRE purchased a 4.69-acre property, consisting of three retail buildings, at the northwest corner of Gilbert Road and Southern Avenue in Mesa, Arizona. The property includes a 36,241-square-foot former gym, a 3,660-square-foot Banner Urgent Care, and a 5,658-square-foot multi-tenant building housing Judd’s Orthodontic and Fiiz Drinks. SimonCRE purchased the property for $6,580,000.

The Scottsdale-based developer plans on investing well over $1 million renovating the 36,241-square-foot big box space for future tenant Aspire Fitness.

In addition to the Mesa location, Aspire Fitness is entering Phoenix with two more showcase stores – one at the northeast corner of Ray Road and Rural Road in Chandler, and another at 10160 N. 67th Avenue in Peoria.

The Denver-based company has locations in seven states and prides itself on being at the head of the curve while always pushing forward and adapting to the latest concepts in the ever-changing fitness industry. Aspire truly believes the industry is just scratching the surface of what it can and will become, and offers bar none the most advanced and diverse health clubs in the marketplace.

Etched throughout each facility, customers will find the words ” Aspire for Greatness “. “We understand that means something different for every customer,” says Nick Cohn, Aspire’s Director of Development. “That’s why we build a facility for literally everyone.”

Aspire offers basketball courts, a pool, functional areas, and turf tracks for athletes, while also offering a cardio theater, vast machine circuits for novices, a women’s-only strength area, and an array of classes. Aspire wants to help everyone in the community fit in and hopes to help those with a busy schedule still attain their fitness goals, which is why their facilities are open 24/7 and offer childcare.

Aspire has a customer friendly membership with dues starting at just $10/month. It offers month-to-month options and partners with local businesses to offer large corporate wellness programs.

The redevelopment of the new Mesa location is scheduled to be completed by early 2018.

“This has been an amazing opportunity to work with Aspire Fitness on this project and we’ve been able to build a strong partnership with a great company,” says Joshua Simon, Founder and CEO of SimonCRE. “And I think this also shows that big box retail isn’t dead, despite all of the rumblings. There are users that see these vacancies as opportunities.”

The property is located at a busy retail intersection in Mesa and just across the street from Santa Fe Square, which includes Target, Joann Fabrics, Bealls Outlet, 99 Cents Only, and more.

Zach Pace of Phoenix Commercial Advisors represented the seller in the transaction, and Jared Lively of Rein & Grossoehme represented SimonCRE.

 




ORION Leases Scottsdale Infill Redevelopment, Sells Property to SimonCRE

Bush’s Chicken Building Rendering (source: Orion)

SCOTTSDALE, Arizona – Located on the outskirts of Old Town Scottsdale and minutes from Tempe, the property is well-situated to serve a dynamic trade area with a strong population base. Selling for $1,492,460 this is a ±4,200 square foot retail redevelopment opportunity. ORION Investment Real Estate represented SimonCRE in leasing the building to tenant Bush’s Chicken. SimonCRE acquired the building and is doing major renovations. Expected opening date is summer of 2017.

“This is a great redevelopment opportunity in a very active Scottsdale trade area,” said Joshua Simon, President of SimonCRE. “And we’re excited to add a fresh, new tenant like Bush’s Chicken to the list of exciting restaurants and retailers in the area.”

The Buyer, SimonCRE, was represented by Tim Gunnink and Andrew Harrison at ORION Investment Real Estate. The Seller was represented by Astria Realty. Tim Gunnink and Michael Achtman at ORION and SimonCRE secured the lease to Bush’s Chicken. Lance Umble at Phoenix Commercial Advisors represented the tenant.

“It was a pleasure to work with an active developer such as SimonCRE on this project,” said Michael Achtman, Senior Associate at ORION. “The trade area south of Old Town is going through a renaissance and we are happy to be a part of it. 7111 East Thomas will undergo a massive remodel, which will complement the already strong tenant lineup of retail at the intersection. Bush’s Chicken will join a powerhouse of retail tenants, including Starbucks, Panda Express, Chase, McDonald’s, and Taco Bell to name a few,” continued Achtman.

 




SimonCRE Brings Exciting Concepts to SanTan Village

santan-2SCOTTSDALE, AZ – Scottsdale-based developer SimonCRE purchased ±3.04 acres of land at the southeast corner of Williams Field Road and Val Vista Road and will develop three retail buildings totaling ±15,000-square-feet; a ±9,900-square-foot multi-tenant retail building, a 3,000-square-foot freestanding restaurant building, and a 3,009-square-foot freestanding building.

The site is located approximately one mile west of SanTan VIllage Shopping Center and SanTan Village Marketplace. The site is also within approximately one mile of the Loop 202 Santan Freeway to both the east and the south. SimonCRE plans to break ground on the new development October 1, 2016 with a completion date set for the end of the first quarter 2017.

santan1“We’re excited to be part of this growing Gilbert trade area and to be nestled into the strong SanTan Village retail corridor,” said Joshua Simon, President of SimonCRE. “This development will bring an exciting new mix of tenants to the surrounding communities. There’s going to be great synergy between the retail, service, and dining options that will be joining this development.”

Prior to closing, SimonCRE signed leases with First Watch, a breakfast and lunch cafe, Herbal Nails & Spa, and Planet Subs to take space in the multi-tenant building. These tenants will occupy roughly 6,800 square feet and negotiations are currently ongoing for the remaining spaces.

Additionally, Bush’s Chicken, a Texas-based fast food restaurant founded in 1996 and specializing in marinated chicken, rolls, and sweet tea, signed a lease for the 3,000-square-foot freestanding building. This will be the first location outside of the state of Texas for the restaurant chain.

Blake’s Lotaburger also signed a lease for the 3,009-square-foot freestanding building. Founded and based in Albuquerque, New Mexico, Blake’s Lotaburger is synonymous with the Green Chile Cheeseburger. The chain has grown to 80 locations across New Mexico, Texas, and Arizona, however this will be the Valley’s first location.

Lance Umble and Torrey Briegel with Phoenix Commercial Advisors represented the seller in the purchase, and are representing SimonCRE in the lease transactions. David Jarand with Strategic Retail Group represented First Watch; David Uhles and Brian Gausden with Western Retail Advisors represented Planet Subs; Mark Sunkel with Core Realty Partners represented Blake’s Lotaburger; Jennifer Eggert with Orion Investment Real Estate represented Herbal Nails; and Chris Mueller with Reata Real Estate Services represented Bush’s Chicken.