Phoenix, Arizona – On behalf of Chandler-based Birchwood Circle Investors, Cushman & Wakefield announced that Gilbert-based Herbally Yours purchased a 23,550-square-foot (sf) industrial property located in Fiesta Ranch Business Park at 1428 W. San Pedro Street in Gilbert, Ariz. for $2.8 million.
Pete Klees of Cushman & Wakefield’s Phoenix office represented the seller in the transaction. Kent Hanson of Kidder Matthews represented the buyer.
Klees stated, “We were able to find a user/buyer for the property prior to the current lease even expiring, there was a lot of demand for this size and type of property.”
Built in 1998, the two-story property features 24’ clear height, 14 x 12’ grade level doors, and a fenced yard. Currently residing in the Fiesta Ranch Business Park, Herbally Yours will be relocating from their current location to the 23,550 sf property in the first quarter of 2020. The local natural products company plans to occupy the space for manufacturing.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.