SimonCRE
SimonCRE is a Scottsdale-based commercial real estate developer founded in 2010 that delivers build-to-suit, redevelopment, and acquisition/disposition services for national and regional retailers across 24 U.S. states, with 308 properties and $1.63 billion in cumulative development value.
- Company typePrivate
- Founded2010
- HeadquartersScottsdale, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What SimonCRE does
SimonCRE is a privately held, full-service commercial real estate development company headquartered in Scottsdale, Arizona, founded in 2010 by Joshua Simon. The firm provides build-to-suit development, redevelopment, and property acquisition and disposition services, primarily to national and regional retailers across 24 U.S. states, and has cumulatively developed 308 properties with a total value of $1.63 billion. It operates a 'preferred developer' model in which retailers select SimonCRE as their go-to development partner for multi-market expansion, supported by an in-house financial team for pro forma analysis and feasibility work.
The company's core offerings are organized around five service lines: Build-to-Suit Development (buildings constructed to a specific tenant's design and specifications, offered through both sale-leaseback and developer-managed structures), Build-to-Suit Leases (Single Net, Double Net, Triple Net, and Absolute Net structures), Redevelopment Services (adaptive reuse and repurposing of existing properties), Property Acquisition Services, and Property Disposition Services. Pricing is project-specific and quote-based, with rent typically calculated as a rate of return applied to total project cost (land, hard and soft construction costs), and contracts structured as multi-year engagements.
SimonCRE distributes its services through direct enterprise engagement with retailers, a broker and partner network, and institutional partnerships — exemplified by its April 2026 closing on a $150 million, 363,000-square-foot open-air retail center (Lobo Crossing) with the University of New Mexico in Albuquerque. The firm is led by Founder/CEO Joshua Simon, General Counsel Joe Acker (joined 2015, involved in more than $2 billion of real estate transactions), and Vice President of Leasing & Investments Marc Altieri (joined 2021). SimonCRE does not operate a proprietary technology platform and is not disclosed to use AI/ML in its development workflow.
SimonCRE firmographics
Firmographics- Name
- SimonCRE
- Legal name
- SimonCRE
- Website
- https://simoncre.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SimonCRE is a Scottsdale-based commercial real estate developer founded in 2010 that delivers build-to-suit, redevelopment, and acquisition/disposition services for national and regional retailers across 24 U.S. states, with 308 properties and $1.63 billion in cumulative development value.
- Ownership category
- akta.pro rank
SimonCRE industry classification
Industry- Product category
- Commercial Real Estate Development Services
- NAICS
- Land Subdivision (23721)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Land & Development Site Brokerage (BPAJABAG)
Keywords
Where SimonCRE is headquartered
LocationHeadquarters
- HQ city
- Scottsdale
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SimonCRE business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Development Services: SimonCRE generates revenue through development fees for build-to-suit projects, redevelopment projects, and property acquisition/disposition services. Revenue is derived from development management, construction oversight, and transaction-based fees.
- Preferred Developer Relationships: As a preferred developer for retailers, SimonCRE manages multiple projects for tenants, earning development and management fees across their expansion portfolios.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Build-to-suit development services |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
SimonCRE product offering
Product offeringCore offering
SimonCRE is a full-service commercial real estate development company that delivers build-to-suit development, redevelopment, and property acquisition and disposition services for retailers, tenants, and property owners. The firm acts as a preferred developer for national and regional retailers, managing projects from site selection and due diligence through entitlements, construction management, and occupancy preparation across multiple U.S. states.
Product overview
SimonCRE is a commercial real estate development and services company offering a comprehensive suite of property development solutions. Their core offerings include Build to Suit Development services (where buildings are constructed to meet specific tenant specifications), Redevelopment Services (adaptive reuse and repurposing of existing properties), Property Acquisition and Disposition services, and Build to Suit Leases (with various net lease structures). The company operates as a preferred developer for national retailers, managing projects from site selection through construction and occupancy. Their services are supported by an in-house financial team for pro forma analysis and construction management capabilities. The company has developed properties across 24 states with a total value of $1.63 billion across 308 properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Build to Suit Development Commercial building development specifically constructed to meet the design and physical specifications of one particular user, including both sale-leaseback and developer-managed options, targeted at retail and commercial tenants.
- Redevelopment Services Commercial property redevelopment services that unlock untapped potential in properties through adaptive reuse and repurposing of existing buildings, intended for property owners and communities seeking to recreate underused sites.
- Property Acquisition Services Acquisition services for commercial real estate properties, managing the full transaction process from due diligence through closing for clients and partners.
- Property Disposition Services Disposition services for selling commercial real estate properties, helping clients exit their investments through structured sale processes.
- Preferred Developer Services Strategic partnership as a 'go-to' commercial developer selected by retailers or tenants to handle multiple projects and manage company expansion plans across trade areas, regions, or nationally.
- Build to Suit Leases Lease structures for build to suit properties, including Single Net (N), Double Net (NN), Triple Net (NNN), and Absolute Net lease options.
Companies that use SimonCRE
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
SimonCRE technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SimonCRE partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- University of New MexicocoreSimonCRE closed on the purchase of approximately 38.06 acres of University of New Mexico-owned land in Albuquerque to develop Lobo Crossing, a 363,000-square-foot open-air retail center. This represents a $150 million total investment and is a key component of UNM's long-term vision to transform its South Campus into a sports, entertainment, and innovation district, made feasible through a Tax Increment for Development District.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
SimonCRE competitors and assessment
Company assessmentDirect peers
- SRS Real Estate Partners: National commercial real estate firm specializing in retail tenant representation, development, and investment sales. Directly comparable to SimonCRE in target customer base (national retailers) and service offering (build-to-suit, development, dispositions).
- The Retail Connection: Commercial real estate services firm focused on retail tenant representation, landlord services, and development. Closely comparable to SimonCRE in boutique-scale retail CRE services and target customer base.
- NewQuest Properties: Commercial real estate firm specializing in retail development, tenant representation, and investment sales across Texas and the Sun Belt. Closely comparable to SimonCRE in retail CRE services and developer/principal model.
Broad incumbents
- Brixmor Property Group: Public REIT owning and operating a national portfolio of open-air shopping centers. Operates in the same multi-tenant retail center niche SimonCRE develops, though at significantly larger scale and as an owner/operator rather than developer.
- Phillips Edison & Company: Public REIT focused on grocery-anchored neighborhood shopping centers. Comparable in retail real estate focus and tenant mix to SimonCRE's anchored retail developments, though it operates as an owner/investor at scale.
- Kite Realty Group: Public REIT and developer of open-air shopping centers across the U.S. Directly competes with SimonCRE in multi-tenant retail development and tenant relationships, with greater scale and capital access.
- Regency Centers: National REIT and developer of grocery-anchored and lifestyle retail centers. Comparable in retail-focused CRE development strategy and national tenant relationships, operating at much larger scale than SimonCRE.
Regional players
- Endeavor Real Estate Group: Commercial real estate development and investment firm with retail and mixed-use focus in the Sun Belt. Comparable to SimonCRE in regional commercial development scale and tenant relationships.
Emerging players
- Stan Johnson Company: Commercial real estate investment sales firm with retail and net lease focus. Comparable to SimonCRE in retail CRE intermediation services, though more investment-sales oriented than development-focused.
Others
- Rockspring Capital: Commercial real estate investment manager focused on retail and net-lease assets. Comparable as a capital provider and acquirer in the same retail real estate ecosystem SimonCRE develops for, serving as both a potential competitor and capital partner.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
SimonCRE social profiles
Digital presenceSimonCRE financial estimates
Financial estimateRevenue estimate
Valuation estimate
SimonCRE leadership team
Management profileNumber of profiles
Profiles3 records
SimonCRE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SimonCRE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SimonCRE
What does SimonCRE do?
SimonCRE is a full-service commercial real estate development company that delivers build-to-suit development, redevelopment, and property acquisition and disposition services for retailers, tenants, and property owners. The firm acts as a preferred developer for national and regional retailers, managing projects from site selection and due diligence through entitlements, construction management, and occupancy preparation across multiple U.S. states.
Is SimonCRE a public or private company?
SimonCRE is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SimonCRE founded?
SimonCRE was founded in 2010. It employs 11 to 50 people.
Where is SimonCRE based?
SimonCRE is headquartered in Scottsdale, United States, in the North America region.
How does SimonCRE make money?
Two revenue lines are on record. Development Services are the primary driver. The others are preferred Developer Relationships.
Who are SimonCRE's main competitors?
Direct peers on record are SRS Real Estate Partners, The Retail Connection and NewQuest Properties. Broad incumbents are Brixmor Property Group, Phillips Edison & Company, Kite Realty Group and Regency Centers. Endeavor Real Estate Group is listed as a regional player. Stan Johnson Company is listed as an emerging player. Rockspring Capital is listed as an others.
Does SimonCRE have an API?
No public API is recorded for SimonCRE.
What industry is SimonCRE in?
SimonCRE's product category is Commercial Real Estate Development Services. Its primary akta.pro industry code is BPAJABAG, Land & Development Site Brokerage. Its NAICS code is 23721 and its SIC code is 6552.