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Tempe Retail Plaza to Get Renovation

Map courtesy of SimonCRE

By Roland Murphy for Arizona Builder’s Exchange

SimonCRE has purchased a 3,300SF retail building in the ASU trade area west of Mill and University for $1.83M. After renovation the space will be occupied by Blaze Pizza.

The building interior will be renovated to a vanilla shell. The exterior facade will be updated and various site and utility improvements completed before the space opens as a Blaze Pizza outlet in the spring. Renovation costs are estimated at approximately $450,000.

SimonCRE has more than 50 projects totaling more than $100M in its pipeline nationwide and plans to develop more than $140M in retail projects over 10 states in 2016. This is the company’s second redevelopment project near ASU.

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