Former Fiesta Mexicana site sold in Gilbert

An entity tracing to Frank Lam and Liang Zhou purchased the property that was site of the former Fiesta Mexicana restaurant on Aug. 21 for $3.3 million, according to commercial real estate site vizzda.com.

The deal included $660,000 down and $2.64 million in new lending from Desert Financial Credit Union. The seller entity traces to Martin-Rangel Arroyos and Patricia Cejade Rangel…

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