A fully leased industrial building in northwest Gilbert has been acquired for $11 million in an all-cash deal, according to Cushman & Wakefield.
The Ergas Group — based in Vancouver, British Columbia — bought the 48,382-square-foot manufacturing and distribution facility at 779 N. Colorado Street from Cohen Asset Management, Inc., an investment company headquartered in Los Angeles.
Phil Haenel, Will Strong, Foster Bundy and Madeline Warren of Cushman & Wakefield represented both the buyer and seller…