REBusinessOnline

Boardman Enterprises Sells 124,822 SF Chandler Heights Marketplace in Arizona for $30.8M

4940-S-Gilbert-Rd-Chandler-AZ

Ace Hardware, Bashas’, Starbucks Coffee, Orangetheory Fitness, Pizza Hut and H&R Block are tenants at Chandler Heights Marketplace in Chandler, Ariz.

CHANDLER, ARIZ. — Boardman Enterprises has completed the disposition of Chandler Heights Marketplace, a grocery-anchored neighborhood shopping center in Chandler. Sita Enterprises acquired the 124,822-square-foot asset for $30.8 million.

Situated on 18 acres at 4940 S. Gilbert Road, the property was more than 69 percent occupied at the time of sale. Current tenants include Bashas’, Ace Hardware, Leslie’s Pool Supplies, Starbucks Coffee, Orangetheory Fitness, Pizza Hut, H&R Block and Edward Jones.

Shane Jimenez of Lee & Associates of Idaho, along with Jan Fincham and Andrew Lundahl of Lee & Associates Arizona, represented the seller, while Nathan Cardon of Cardon Commercial represented the buyer in the deal.

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