Construction is underway for a new shopping center in Gilbert, featuring a Fry’s Food Stores location set to open by the end of 2024. The site, spanning over 20 acres at Power and Elliot roads, is being developed by Barclay Group and Fred Meyer Stores Inc., a subsidiary of Kroger Co. Other tenants in the shopping center include Slim Chickens, Jersey Mike’s Subs, Freddy’s Frozen Custard & Steakburgers, and Black Rock Coffee Bar. The project received approval from Gilbert’s Planning Commission in 2022 and the final plat was approved by the Town Council in 2023. Across the street, a $1 billion mixed-use project called The Ranch is being developed by IndiCap, Colmena Group, and Langley Properties, encompassing industrial, retail, restaurant spaces, over 750 apartments, and open space.
Menu
More Information
Frequently asked questions
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
Helpful blog posts
Menu
480.947.0600
