Parkview has granted Verde a $ 28 million home loan for Cooley Station in Gilbert, Arizona

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Gilbert, Arizona. – Parkview Financial has provided a $ 28 million home loan to Verde Gilbert LLC for the development of Verde at Cooley Station, a lifestyle center located at 17201-17361 E. Williams Field Road, Gilbert. Verde Gilbert LLC is a joint venture between three development companies led by SB2 Communities. Upon completion, the 96,000 square meter property with 10 buildings will have 44,000 square meters of retail space, 13,000 square meters of office space, 31,000 square meters of restaurant space and 8,000 square meters of fitness space. Verde at Cooley Station was conceived as a restaurant-centric, mixed-use project and offers 25 rental spaces in addition to The Green, a large outdoor lawn with a pavilion for music events, fitness classes, films in the park and other activities. The loan proceeds enabled the first phase of development to begin, which includes retail and a dozen hospitality concepts surrounded by The Green. Some of the stores are slated to open in late 2021, with a planned opening in the first quarter of 2022. Phase two is slated to be completed by the end of 2022, and 24,000 square meters of retail space and 12,000 square meters of office space will include 3,000 square meters of restaurant space and 8,000 square meters of fitness space.

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