The industrial property located at 560-620 East Germann Road in Gilbert, AZ, was sold in a transaction involving a 269,000-square-foot industrial campus. The buyers, David Siegel and John Overdeck of Two Sigma, acquired the property from Germann Road Land Development. The sale price for this asset was $51,600,000, equating to a price per square foot of $192.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $51,600,000
• Buyer: David Siegel & John Overdeck - Two Sigma
• Seller: Germann Road Land Development
• Brokers: Connor Nebeker-Hay & Greer Oliver - JLL
• Square Footage: 269,000 SF
• Address: 560-620 East Germann Road
• Market: Gilbert, AZ
• Price Per Square Foot: $192

Two Sigma, a New York-based investor, completed the transaction by purchasing the industrial campus from Germann Road Land Development, which is an affiliate of American National Insurance. The deal was facilitated by brokers Connor Nebeker-Hay and Greer Oliver from JLL, bringing together key individuals and companies in this property acquisition.