December 1st, 2015
Randall Shearin, Shopping Center Business
Creating a critical mass of commercial space for growing Gilbert, Arizona, is Rivulon, a more than 3.5 million-square-foot development that features retail, office and hotel space.
The town of Gilbert, Arizona is one of the fastest-growing communities in the nation. And with a population of more than 240,000 residents, Gilbert is also the most populous incorporated town in the United States. Surprisingly, however, Gilbert lacks the critical mass of commercial space one might expect in one of the largest and most popular communities in the greater Phoenix metropolitan area.
That is about to change, however, as the first components of Rivulon are nearing completion. A 250-acre mixed-use development located at the corner of Gilbert Road and AZ 202, Rivulon is a $750 million business district that will feature approximately 3 million square feet of Class A office space, 500,000 square feet of retail, and a 250-key hotel.
Rivulon’s owner and developer, Colum-bus-based Nationwide Realty Investors recently announced that it has nearly all of the space committed for the project’s first multi-tenant retail building. The 17,000-square-foot space is on schedule to open in Spring 2016 with a combination of restaurant and retail uses. In addition, health and wellness leader Isagenix Inter-national, which previously announced plans to relocate its world headquarters