Cushman & Wakefield announced today that Kaplan Cheng Investment Group, LLC purchased ±3.81 acres at Lindsay Road and Williams Field Road in Gilbert, Ariz. for $1.3 million. The developer plans to develop a ±79,869 SF two-story senior living facility with 92 beds, including 36 memory care units.
Cushman & Wakefield Vice Presidents Will French and Brian Rosella represented the buyer, Kaplan Cheng Investment Group, LLC of California and Colorado.
With over 25 years of development and investment experience, American Healthcare Group has participated in over two million square feet of real estate development. They have done over $1 billion in real estate transactions, including senior living, hotels, condominiums, industrial and retail.