PHOENIX-A local developer has purchased a parcel in the fast-growing community of Gilbert and plans to build a retail center on it.

Legacy Investments LLC, based in Phoenix, purchased a 10-acre parcel at the northeast corner of Cooper and Warner Roads in Gilbert for $1.3 million. Gilbert is a suburb of Phoenix, about 15 miles to the southeast of downtown Phoenix.

Legacy Investments plans to eventually build a neighborhood shopping center with retail pads on the site.

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