COLUMBUS, Ohio, August 11, 2014 – Columbus-based Nationwide Realty Investors announced today the acquisition of a 2.9-acre parcel of land that will be incorporated into their master-planned Rivulon development in Gilbert, Arizona.
Located at the corner of Pecos and Gilbert roads, the land was obtained from Exxon Mobile and will complete the development block along Gilbert Road between AZ 202 and Pecos Road. The mixed-use development encompasses more than 250 acres and will feature approximately 3 million square feet of Class A office space, 500,000 square feet of retail, and hotels.
Nationwide Realty Investors recently announced that Arizona-based health and wellness leader Isagenix International, LLC will occupy a three-story, 150,000-square-foot single tenant building to be completed in late 2015. Work is currently underway on the first phase of development which will also include an additional four-story, 125,000-square-foot speculative office building, an LA Fitness, and significant infrastructure improvements.
Rivulon is a 250-acre development, which will include approximately 3 million square feet of Class A office, 500,000 square feet of retail, and hotels. Rivulon will be designed with a holistic view of the site, ensuring a cohesive flow, compatibility of uses and sensitivity to the sustainability of resources. Rivulon is owned by a single developer, Nationwide Realty Investors, a financially strong organization with a proven track-record of successful, mixed-use developments. For more information visit: www.rivulon.com.
About Nationwide Realty Investors
Nationwide Realty Investors is the real estate development affiliate of Nationwide Mutual Insurance Company and the developer of the Arena District and Grandview Yard in Columbus, Ohio. Directly and through joint ventures, Nationwide Realty Investors owns more than $1.4 billion in real estate investments around the country. For more information visit: www.nationwiderealtyinvestors.com.