Gilbert Warner will meet the needs for current and future residents of the community

Gilbert, AZ –  Remington Nevada, a premier commercial land development company in the Southwest, recently broke ground on their latest retail development project, Gilbert Warner, a shopping center located at the intersection of Gilbert and Warner Roads.

The 11-acre, 95,000-square-foot shopping center will complement the surrounding community with an urban layout that will connect tenants and shoppers to the nearby Gilbert Civic Center, Banner Gateway Hospital and Alliance’s Broadstone Gilbert Heritage project.

“Gilbert is one of the fastest growing cities in the country, so it was a natural fit for our team to invest in this area. Gilbert Warner shopping center is going to provide much-needed amenities to meet the demand of the nearby residents and commuters,” said David DelZotto, Remington Nevada Founder and Chief Executive Officer.

Gilbert Warner shopping center will be anchored by a 30,000-square-foot, two-story Planet Fitness. Additional tenants include Black Rock Coffee, Luxe Nails, Pacific Dental and BMO Harris Bank, which will ultimately help meet the demands of current and future residents of several nearby luxury apartments and high-end residential communities that are in development.

Remington Nevada currently has close to 1 million square feet of retail projects taking shape throughout Southern Nevada as well as the metropolitan areas of Phoenix, including SanTan Pavilions, The Villages at Troon North and Gilbert Warner.

Gilbert Warner is located at 915 S. Gilbert Road in Gilbert, Arizona. Phase one of construction is expected to be completed by mid-2020. For leasing and sale information, please contact Jason Hersker and/or Stephen Herman at Capital Asset Management.

Phoenix, Arizona –  SVN Desert Commercial Advisors has been an instrumental part of the economic development in downtown/midtown Phoenix.  Advisors, Justin Horwitz and Paul Borgesen III, often relied on as experts of the Downtown Phoenix submarket, have facilitated yet another transaction representing Fore Properties in the acquisition of the former O’Neil Printing building for $9,325,000.

The property is located at 366 N 2^nd Ave. (the SEC of 2^nd Ave & Fillmore St.), a significant site in the heart of Downtown Phoenix’s Opportunity Zone. This property consists of approximately 2.56 acres of land with three sides of street frontage.  Development plans for the call for a high-end mixed-use development consisting of seven stories, 323 apartment units, and ground floor retail and restaurant space in a project totaling approximately 285,000 SF. The community will feature a combination of studios, 1 bedroom and 2-bedroom units as well as a rooftop deck with views of downtown Phoenix, a pool, and fitness center.

Fore Property plans to start construction in the first quarter of 2020 with a target completion of mid-2022.  This transaction marks the 11^th Downtown Phoenix sale in 2019 by Justin Horwitz and Paul Borgesen.  “We are extremely excited about the plans for this site.  Roosevelt Row has been capturing a lot of attention in the Downtown submarket, but this particular pocket west of Central Ave. is really starting to gain momentum,” states Horwitiz. Borgesen adds, “This planned development by Fore along with other in the immediate area will offer yet another unique experience in the submarket.”

The property is proximate to Downtown’s central business district and several large educational and research institutions, including Arizona State University’s Downtown campus, Phoenix Biomedical Campus, and the University of Arizona School of Medicine. The project also benefits from access to retail and entertainment amenities, including Downtown’s restaurants and multiple sporting and theater venues, as well as and convenient transit accessibility with a Metro Light Rail station located one block from the site.

GILBERT, Ariz. – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Dairy Queen, a 3,200-square-foot triple-net-leased property located in Gilbert, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $2,650,000 ($828 PSF).

Mark Ruble, Jamie Medress and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer completed a 1031 exchange.

Dairy Queen is located at 2770 South Santan Village Parkway just south of East Williams Field Road in Gilbert, Arizona. The 3,200-square-foot property was recently built in 2018 on a 1.41-acre lot. It is ideally located near multiple grocery stores such as Costco, Sam’s Club, Sprouts and Natural Grocers as well as large retailers including Walmart Supercenter, Big Lots, Old Navy, Dick’s Sporting Goods, Barnes & Noble and Best Buy. Restaurants in the immediate area include McDonald’s, Panera, Chick-fil-A, In-N-Out Burger, Starbucks, and more.