Fidelity Core Real Estate Operating Partnership Acquires Vineyard Towne Center In Queen Creek For $69.6M

The transaction involved the sale of an industrial asset located at 7632 North Gantzel Road in Queen Creek, AZ. The property, known as Vineyard Towne Center, comprises 260,000 square feet. It was sold for a total price of $69,600,000, equating to a price per square foot of $268. The property is fully leased and opened in early 2026.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $69,600,000
• Buyer: Fidelity Core Real Estate Operating Partnership
• Seller: David Larcher - Vestar
• Square Footage: 260,000
• Price Per Square Foot: $268
• Market: Queen Creek, AZ

David Larcher, representing Vestar, sold the property to Fidelity Core Real Estate Operating Partnership, which will continue to have the developer manage the property post-sale.