G REIT sheds Arizona business park

Out-of-state developer named as buyer

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Eaton Freeway Industrial Park, a four-building commercial project in Tempe, Ariz., has sold for more than $7.8 million. The property, which contains 62,163 square feet and was constructed in the mid-1980s, has buildings located at 2502 W. Huntington Drive, 2507 W. Geneva Drive and 3020-3030 S. Park Drive. Santa Ana, Calif.-based G REIT Inc. sold the property to Providence, R.I.-based Gilbane Development Co. At the time of sale, the property was 100 percent occupied by multiple tenants....