Deals, deals, deals for Scottsdale developer

Historic Stapley Building located on Grand Avenue in downtown Phoenix, AZ. /Photography by Jill Richards
Historic Stapley Building located on Grand Avenue in downtown Phoenix, AZ. /Photography by Jill Richards

By Lisa Brown | GlobeSt.

The Stapley architectural gem has been turned into a creative mixed-use space

Deal velocity has been brisk as of late for local commercial real estate developer SimonCRE which purchased the 36,000-square-foot completely remodeled and refurbished 1917 OS Stapley Buildings. The seller, Abromovitz Grand Avenue Partners LLC, specializes in renovating old historic buildings and transformed this architectural gem into a creative mixed-use space, while keeping the integrity of the red brick structure along with original exposed wood trusses.

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