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3/07/25
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The Forum at Gilbert Ranch, a 97k sf, Class A office campus in Gilbert, AZ, was acquired by a private high-net-worth 1031 investor in a recent $23.48 mil ($242/sf) deal. The property sits on 6.56 acres at 1472, 1482, 1528, and 1530 East Williams Field Rd, and 2314 South Val Vista Drive in Gilbert.
The Forum at Gilbert Ranch includes one single-story building and four two-story buildings, with an average suite size of 4.5k sf. The property features abundant on-site amenities and covered parking. The campus was 96% leased at the time of sale with staggered rollover to a diverse roster of tenants spanning healthcare, real estate, and financial services.
The property offers immediate access to Loop 202 and quick access to the Phoenix-Mesa Gateway Airport. Dignity Health’s Mercy Gilbert Medical Center is also nearby, with 2.2 msf of surrounding retail offerings, including San Tan Village.
CBRE’s Geoff Turbow, Anthony DeLorenzo, Matt Pourcho and Charlie von Arentschildt represented the unnamed seller in the sale. The buyer was self-represented. Since the beginning of 2020, CBRE's Jamie Swirtz has leased the property, overseeing the signing of 19 new leases or renewals.
The Southeast Phoenix office market is a hub for top corporate and technology companies, according to research analyzed by CBRE. Gilbert, in particular, has experienced a population increase of 36% in the past decade, making it one of Phoenix's fastest-growing markets.
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