GID Investment Advisers LLC announced it recently acquired the 135,535-square-foot Stellar Business Center in Chandler, Ariz.

The value of the transaction was not disclosed.

The five-building property, constructed in 2004, will be renamed Windsor at Stellar Business Center. At the time of sale, the property was 62 percent occupied and is situated on an 11.3-acre site facing Chandler Boulevard. The property is occupied by, and well suited to a wide variety of office and light industrial uses for tenants requiring 2,500-25,000 square feet. Tenants include Tokyo Electron, Dynamic Test Solutions, Guardian Protection Services, as well as a number of home-oriented showroom and sales facilities.

Rich Ross, director of Western Region Acquisitions, represented GID in the transaction and said, “Stellar Business Center is a great entry point for GID into the dynamic Phoenix metropolitan area. Furthermore, we are delighted to have an opportunity to participate in the vibrant Chandler marketplace where so much employment and population growth is occurring.”

GID’s flex/industrial portfolio has now grown to more than 3 million square feet with locations in seven markets (Atlanta, Austin, Dallas, Raleigh, Richmond, Memphis, and Philadelphia).

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription