Branco L.C., headed by Bruce Tarantola, a St. Louis, MO.-based investment firm, purchased for $1.77 million the Tutor Time Children's Learning Center in Gilbert. The 10,200-sf, single-tenant building is at 875 S. Cooper Rd.
The property was sold by Glenwood Financial Group, headed by David Scott, a Glendale, CA-based investment group. Glenwood had owned the building for three years prior to the sale.
Glendale has been one of the fastest growing cities in the Valley and the nation during the past decade. Since 1995, Gilbert has grown by 80%. It now has a population of 113,000. The community is about 20 miles southeast of downtown Phoenix, and Chandler is immediately to its west.
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