Two Sigma, a financial services firm from New York City, made a significant acquisition in the Southeast Valley by purchasing the 202 Business Park in Gilbert for $51.6 million, marking the highest industrial sale price of 2024 so far. Financed through Rialto Capital Management, Two Sigma put down $15.4 million in cash for the purchase. The park, home to various tenants including ENMAR Hardwood Flooring and Heliae, attracted the attention of investors due to its prime location near Chandler Municipal Airport. Despite a slowdown in industrial building sales in metro Phoenix in 2023, the Southeast Valley remains a hotspot for industrial development, particularly around the Phoenix-Mesa Gateway Airport.
