SimonCRE, a commercial real estate development and acquisition firm, recently closed on a parcel of land at the northeast corner of 32nd Street and Shea Boulevard to develop a Starbucks location. The 2,700-square-foot build to suit will include a drive-thru. The property is located less than three miles southwest of Paradise Valley Mall with plenty of retail spaces, restaurants, and housing.
Since its inception in 2010 by CEO and founder Joshua Simon, SimonCRE has completed more than $400 million in projects across 22 states. A Scottsdale-based company, it recently reached a milestone of hitting 200 projects.
“We are excited and grateful for our momentum in expanding retailers’ footprints in Phoenix and throughout the country,” Simon says. “As 2020 has been one of the most challenging years for retail especially, we are glad to present some contrasting news of growth and progression.”
The new Starbucks location will be nearby North 32nd coffee shop favorites Press and 32 Shea. Be sure to fill up at your local favorite stops, too, as you plan your morning, afternoon, or evening routes. Let’s welcome Starbucks while still supporting our local neighborhood businesses.
