Real estate

Land sold in Gilbert for planned Chase Bank site

An entity linked to Diane W. Nelson purchased a 0.88-acre parcel in Gilbert for $2.8 million on Nov. 26, according to commercial real-estate website vizzda.com.

The seller traces to Barclay Group. The site, located in the Morrison Ranch area, is part of a proposed neighborhood shopping center anchored by Fry’s Marketplace.

The property is subject to a ground lease that began Aug. 27, 2024, and runs through Aug. 27, 2039, with four five-year extension options. The ground lessee traces to JPMorgan Chase Bank.

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Real estate

Land sold in Gilbert for planned Chase Bank site

Posted Saturday, January 3, 2026 2:15 pm

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An entity linked to Diane W. Nelson purchased a 0.88-acre parcel in Gilbert for $2.8 million on Nov. 26, according to commercial real-estate website vizzda.com.

The seller traces to Barclay Group. The site, located in the Morrison Ranch area, is part of a proposed neighborhood shopping center anchored by Fry’s Marketplace.

The property is subject to a ground lease that began Aug. 27, 2024, and runs through Aug. 27, 2039, with four five-year extension options. The ground lessee traces to JPMorgan Chase Bank.

Plans call for a 3,569-square-foot Chase Bank building on the site. The parcel totals about 38,530 square feet and is positioned within a growing retail corridor in Gilbert.