Nearon Sells Fully Leased Industrial Campus in Gilbert, Arizona

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Nearon Enterprises is pleased to announce the successful sale of Fiesta Tech Center, a two-building, 100% leased industrial campus totaling 243,370 square feet in Gilbert, Arizona. The buyer, a joint venture between ScanlanKemperBard (SKB) and Arc Capital Partners, worked collaboratively throughout the transaction.

Originally acquired by Nearon in 2019, the property underwent a successful re-tenanting effort and is now fully leased to Kaiser Garage Doors & Gates, MKB Construction, and Symage. This sale follows Nearon’s disposition of an adjacent land parcel in July 2024, further demonstrating the firm’s strategic execution in the Southeast Valley submarket.

The transaction was arranged with the support of Phil Haenel, Foster Bundy, and Katie Repine of Cushman & Wakefield, along with Mike Parker of CBRE, whose expertise was instrumental in completing the disposition.

This sale reflects Nearon’s continued efforts to optimize its portfolio and reinvest in targeted growth markets.