James Philip Henry Lee Acquires Office Property In Gilbert From MAPFRE Insurance For $10.58M

An office property located at 1555 N. Fiesta Blvd in Gilbert, Arizona, was recently purchased for $10.58 million. The buyer of the property is James Philip Henry Lee, while the seller is a MAPFRE Insurance-linked entity. The transaction took place on July 26th, 2023. The office property spans across 9.06 acres and has a total area of 58,194 square feet. The price per square foot is $182.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,580,000
• Address: 1555 N. Fiesta Blvd, Gilbert, AZ
• Market: Gilbert, AZ
• Buyer: James Philip Henry Lee
• Seller: MAPFRE Insurance
• Acres: 9.06
• Square Feet: 58,194
• Price per Square Foot: $182

The acquisition of the office property at 1555 N. Fiesta Blvd in Gilbert for $10.58 million was made by James Philip Henry Lee. He is connected to an entity that executed the transaction with a MAPFRE Insurance-linked entity. The sale, which occurred on July 26th, represents a significant real estate deal in the Gilbert market.