The Union at Gilbert sells for $15.8M
Phoenix Commercial Advisors facilitated the sale of The Union at Gilbert, a shopping center anchored by EOS Fitness. The center, located on 8.79 acres on the southwest corner of Higley and Pecos roads at 3300-3310 S. Higley Road, Gilbert, Ariz., sold for $15,825,000 or $286 per square foot.
The two buildings, totaling 55,283 square feet, were 100 percent leased by the EOS Fitness anchor and a complementary mix of internet-resistant food and service retailers, including Fantastic Sams, Athletico Physical Therapy, Bahama Buck’s, and Celebrity Tanning among others. John Schweikert and Chad Tiedeman at Phoenix Commercial Advisors represented the seller in the transaction.
“The Union at Gilbert is a high-quality constructed center and has a great mix of tenants for the surrounding area. The surrounding dense employment and housing, including new developments in progress, provide a strong current and future customer base,” said John Schweikert.
Formed in 1994, Phoenix Commercial Advisors is a commercial real estate services company. The company specializes in retail commercial brokerage in Phoenix, Tucson, and surrounding Arizona communities, providing leasing services, tenant and landlord representation, investment sales and redevelopment services to local and national retailers and property investors. Offering the expertise of 250 combined years of experience, Phoenix Commercial Advisors is also member of ChainLinks Retail Advisors, the premier national retail platform connecting elite brokerage companies across the top 50 North American markets.