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One of the biggest real estate transactions of the year in Gilbert occurred just before Christmas when a Canadian land trust sold a complex of three industrial buildings for just under $100 million.

Artis Real Estate Investment Trust sold Park Lucero East at 410-450 Germann Road, near Gilbert Road, Dec. 23 to Pennsylvania-based EQT Exeter Property Group for $99.6 million, commercial real estate tracker vizzda.com reported.

Built in 2021 on 36.7 acres, the complex totals 562,920 square feet spread across three buildings that individually range in size between 102,325 and 317,058 square feet. The total square footage mean that the sale broke down to a per-square-foot price of $176.93, vizzda said.