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.