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Gilbert Crossing sells for $11 million

Wednesday, May 8, 2019   /   by Juan Grimaldo

Gilbert Crossing sells for $11 million

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(Image: Provided by Phoenix Commercial Advisors)

What: Gilbert Crossing, a three-building, 62,542-square-foot retail center on the northeast corner of Gilbert and Guadalupe roads in Gilbert.

Price: $11 million

Seller: Dallas-based TriGate Capital, represented by Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors

Buyer: Gilbert Crossing 18 LP

What they said: “This is an established retail center with over half the tenants occupying the property since 2003 or before,” Gardiner said. “Coupling this with the proximity to the Heritage District with all the tenant and development activity there has the property well-positioned for the long term.”

By   – Reporter, Phoenix Business Journal

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395

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