Coast Meridian Properties Acquires SanTan Gateway North Retail Center In Chandler For $26.6M

The SanTan Gateway North, a multi-tenant retail center located at 1005-1205 South Arizona Avenue in Chandler, Arizona, has been sold for $26.6 million ($215 per square foot). This 17.1-acre property was acquired by Coast Meridian Properties from Matthew Jewell of Jewell Capital. The sale was facilitated by brokers Darren Tappen, Nathan Thinnes, and Peter Beauchamp of Kidder Mathews. The retail center spans 123,558 square feet and is situated in the bustling market of Chandler, Arizona.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $26,600,000
• Address: 1005-1205 South Arizona Avenue
• Market: Chandler, AZ
• Acres: 17.1
• Buyer: Coast Meridian Properties
• Seller: Matthew Jewell - Jewell Capital
• Brokers: Darren Tappen, Nathan Thinnes, Peter Beauchamp - Kidder Mathews
• Square Feet: 123,558
• Price Per Square Foot: $215

Jewell Capital successfully completed the sale of SanTan Gateway North to Coast Meridian Properties for $26.6 million. This transaction was executed at a price of $215 per square foot, showcasing the value of this retail center in the Chandler market.