A Gilbert industrial property at 779 N. Colorado St. has sold for $11 million, according to commercial real estate website vizzda.com.
The buyer was an entity affiliated with The Ergas Group, led by Julian Ergas. The seller was an entity affiliated with Cohen Asset Management, led by Scott McGinness. No debt was recorded as part of the transaction.
The property consists of a 48,382-square-foot industrial building on approximately 4.16 acres. The single-story building was constructed in 2004 and is zoned for light industrial use.
