Scottsdale-based real estate developer SimonCRE has bought the former Pearl Sushi restaurant and bar building at 4252 N. Drinkwater Blvd. in Old Town for $1.4 million.
The 4,700-square-foot retail property is just north of Indian School Road in Scottsdale.
Joshua Simon’s real estate firm will outfit the former restaurant and bar space into a CorePower Yoga studio.
Denver-based CorePower already has locations in Chandler and Tempe.
SimonCRE bought the building from AJL Properties LLC.
“This location is perfect for CorePower Yoga.” said Simon, president of SimonCRE.
CorePower spokesman Michael Chin said the yoga chain has been looking for a Scottsdale location.
The Old Town studio is scheduled to open in the third quarter.
CITY OF SCOTTSDALE
There’s no better place for a business than Scottsdale. Named “the most livable city,” It is Arizona’s the sixth largest city with a 2010 population of 217,385, growing 7.2 percent from July 2000 to April 2010. Scottsdale is home to Scottsdale Fashion Square, a high-end retail mall that houses upscale stores and restaurants. But shopping isn’t the only fun adventure Scottsdale has to offer.
Old Town, the downtown of Scottsdale, is the best place to relax after a long day. Trendy restaurants and bars make Old Town a lively location to go to lunch with co-workers or have a cocktail after work.
Scottsdale is also growing its own arts scene. Several museums call the city home including the Scottsdale Museum for Contemporary Art. On Thursdays, the city hosts an ArtWalk for people to visit the Scottsdale Arts District and view the many galleries.
Other attractions include casinos and resorts like the Talking Stick Casino. If you want your business to be located in a city with a lot to offer from entertainment to relaxation, Scottsdale is the perfect place for retail and office space. – read more at bizjournals.com