Nov. 22, 2013- Cushman & Wakefield of Arizona, Inc. has negotiated the $2,100,000 sale of 11.4 acres, known as the Shoppes at the Islands land, located on the southeast corner 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, Conn.
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.