Heritage District retail is downtown Gilbert: smaller suites, food, and local service. Power Road and the SanTan Freeway are where the larger strips and shadow anchors sit. Those rent rolls do not share a lender because both are Gilbert. Capital Market Funds originates life company, bank, CMBS, or bridge. We do not claim SanTan Village, or any store in it, as a client.
No retail tombstone names Gilbert. The only retail card is The Block at Pima Center, Scottsdale, $14,500,000, 2022, a ground-lease acquisition. Chandler’s published dollars are office. Using either set as a Gilbert shopping-center loan would be false. Arizona retail is the statewide page.
A dark shop is not a core center
Gilbert files often arrive as a refinance of a center that looks full from the parking lot and is not. We read rollover in the next twenty-four months. If a junior anchor is out, permanent credit may pass and bridge is the honest box.
Grocery-anchored and unanchored local strips are not the same proceeds conversation. Say which one the address is. We will not publish a Gilbert cap rate to paper over that.
Retail, not the apartment next door
Garden apartments behind a Gilbert center are Gilbert multifamily if that is the collateral. A building that is truly both is underwritten to the income split, not labeled retail because the ground floor has a coffee shop.
Mesa’s Fiesta and Superstition Springs trade areas stop at the city line. A Gilbert Road address in Gilbert is this page.