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Real estate

Gilbert industrial property sells for $2.56 million

An entity linked to Brent Stowell bought an 8,833-square-foot multitenant industrial property at 1225 W. Houston Ave., Gilbert, on Nov. 26 for $2.56 million, according to commercial real-estate website vizzda..com.

The seller was an entity tied to Robert Hardy.

The buyer financed the deal with $2.18 million in new debt through MidFirst Bank.

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Real estate

Gilbert industrial property sells for $2.56 million

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An entity linked to Brent Stowell bought an 8,833-square-foot multitenant industrial property at 1225 W. Houston Ave., Gilbert, on Nov. 26 for $2.56 million, according to commercial real-estate website vizzda..com.

The seller was an entity tied to Robert Hardy.

The buyer financed the deal with $2.18 million in new debt through MidFirst Bank.

The property includes one single-story building built in 2001 on 0.84 acres zoned light industrial. It has two grade-level doors, according to vizzda.com.

Brent Stowell, Robert Hardy, MidFirst Bank

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