[Quick Facts]

  • Tenant: Tuft & Needle
  • Build Size:36,000 SF
  • Development Type:Redevelopment
  • Property Type:Single Tenant
Offering Memorandum

[Project Details]

SimonCRE purchased the +/-36,000 SF completely remodeled, redeveloped, and refurbished “1917 OS Stapley Buildings” located in the up-and-coming Lower-Grand Avenue Business District in Downtown Phoenix. Emerging mattress startup Tuft & Needle will occupy the entirety of the buildings for their new Arizona headquarters, bringing the buildings to 100% occupancy at the time of closing.

The two-story, one-of-a-kind retail storefront and office buildings, known as the “1917 OS Stapley Buildings,” are located at 723-747 N. Grand Avenue in Phoenix, AZ.  The remaining 6,000 SF is leased to Heck Tech, Inc, bringing the building to 100% occupancy at the time of closing. There is a second building adjacent to the “1917 OS Stapley Buildings,” which will be demolished and turned into additional parking to accommodate Tuft & Needle.

SimonCRE Tenant Interview

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