Developer, Aardex, wraps conversion of century-old Pratt-Gilbert Phoenix warehouse into retail, eyes multifamily project

4/27/2026

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Phoenix Business Journal

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• Subcategory: Retail: Restaurant, Retail: Shopping

• Tag: Conversion | Opening | Operations | Property Management | Renovation

• Additional Filters-Subcategory: Retail: Free Standing-Stand Alone, Retail: Storefront

• Additional Filters-Tags: Conversion: Industrial-to-Retail, Historic

• Company: Aardex Corp

Highlights
Aardex completed a $4.5 million renovation of the historic Pratt-Gilbert building into One West Madison
The developer acquired the 1913 building for $3 million in 2022 and now seeks restaurant and retail tenants
Aardex plans to construct a multifamily project on an adjacent lot it purchased for $5.7 million in 2021

Aardex Corp

Ben Weeks | Principal, Development

[email protected]

303-993-0144

Arizona

Retail

Developer, Aardex, wraps conversion of century-old Pratt-Gilbert Phoenix warehouse into retail, eyes multifamily project

Aardex Corp

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