Schnitzer Properties Acquires Warner Commerce Center In Gilbert AZ For $78.28M With J.P. Morgan Chase Loan

The industrial property at 4290, 4320, 4230, & 4160 East Warner Road in Gilbert, AZ was sold for $78,280,000, equating to approximately $201 per square foot. The asset comprises a four-building industrial complex constructed in 2023, encompassing a total area of 388,897 square feet, and offers modern amenities along with parking spaces for 642 vehicles.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $78,280,000
• Sale Date: 12/30/2025
• Buyer: Schnitzer Properties
• Seller: Hillwood Investment Properties
• Lender: J.P. Morgan Chase
• Price per Square Foot: $201
• Total Square Feet: 388,897
• Market: Gilbert, AZ

Schnitzer Properties acquired the Warner Commerce Center, funded partially by a $50.5 million loan from J.P. Morgan Chase. This acquisition contributes to Schnitzer's portfolio, which includes 2.5 million square feet of regional retail and industrial assets.