A newly completed logistics facility in Gilbert that serves as a regional distribution center for Frito-Lay, a division of PepsiCo, has sold for $26.8 million, according to a news release.

The 60,500-square-foot property, developed by Scottsdale-based ATLAS Capital Partners, sits on just more than eight acres at 3797 S. Silverado Court. It offers immediate access to Loop 202 via Gilbert and Lindsay roads.

The buyer, Simone Charitable Foundation, was represented by Colliers.

“Gilbert continues to attract some of the most sophisticated industrial users in the country,” Brian Ackerman, executive vice president with Colliers, said in the release. “This acquisition reflects our client’s focus on long-term, high-quality real estate backed by strong credit tenants.”

Chris Walton, founder and

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