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Phoenix & Southwest  + Phoenix  + Office  | 
Gilbert AZ The Reserve at San Tan Trades for $53.1 million

Newmark Aids in Flip of Gilbert Office Asset

The 149,321 square-foot office complex, The Reserve at San Tan sold for $53.1 million ($355/ft). The project, built in 2020 is situated on 12.78 acres, right off the Loop 202 Freeway.

The property comprises two, three-story office buildings connected by a common area tenant amenity lounge. Additionally the buildings offer a coffee bar and conference facilities.

Newmark’s team was led by CJ Osbrink, “The offering generated significant investor interest as a result of its best-in-class new construction…it’s location on one of the most attractive submarkets in the Phoenix area and status as one of the newest and highest-quality office projects in the region.”

The seller was Orsett Properties, and the buyer was West Valley Properties, Inc. 


Inside The Story

CJ Osbrink

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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