ViaWest Group Acquires Industrial Portfolio In Gilbert From Clarion Partners For $71.1M

The industrial portfolio in Gilbert, Arizona, comprising six buildings totaling 428,427 square feet, located at 955 North Fiesta Boulevard, 1171 & 1191 North Fiesta Boulevard, 2075 & 2135 West Obispo Avenue, and 2020 West Guadalupe Road, has been acquired by ViaWest Group from Clarion Partners for $71.1 million. The transaction was facilitated by a $53.2 million acquisition loan from Walton Street Capital, with JLL representing the seller and securing financing.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $71,100,000
• Square Footage: 428,427
• Price per Square Foot: $166
• Address: 955 North Fiesta Boulevard, 1171 & 1191 North Fiesta Boulevard, 2075 & 2135 West Obispo Avenue, 2020 West Guadalupe Road
• Market: Gilbert, AZ
• Buyer: Steven R. Schwarz - ViaWest Group
• Seller: David Gilbert - Clarion Partners
• Brokers: Connor Nebeker-Hay, Greer Oliver, Mark Detmer & Ryan Sitov - JLL

Connor Nebeker-Hay, Greer Oliver, Mark Detmer, and Ryan Sitov from JLL played crucial roles in representing the seller and securing financing for the transaction, bringing together key individuals from ViaWest Group, Clarion Partners, and Walton Street Capital to finalize the deal.