An entity affiliated with William R. Sokol purchased a vacant commercial parcel planned for a Slim Chickens restaurant at Morrison Ranch Commercial Center in Gilbert on April 2 for $2.72 million, according to commercial real-estate website vizzda.com.
The seller was an entity affiliated with Barclay Group. No debt was recorded with the transaction. Scott T. Archer was listed as a contact for the seller.
The property, identified as Lot 7 of the development near Elliot and Power roads, totals 1.49 acres, or about 64,887 square feet, according to assessor records. The sale price equates to approximately $41.98 per square foot.
