Cushman & Wakefield of Arizona, Inc. has negotiated the $2.1M sale of 11.4 acres, known as the Shoppes at the Islands land, located on the SEC of Warner and McQueen roads in Gilbert. The property will be the site of a future home community.
Genica Arizona, LLC, a partnership based in Chilliwack, British Columbia purchased the property from Starwood Asset Management, LLC of Greenwich, CT.
Genica Arizona, LLC plans to develop a single-family home community on the land. The timeline for the development is scheduled to start in the near future.
Jim Crews, Brett Polachek and Adam Madison of Cushman & Wakefield represented the seller in the transaction. Aaron Carson of Carson Commercial, LLC represented the buyer.
