Trademark ATLAS low-coverage development is fully leased to Frito-Lay (PepsiCo) Scottsdale-based  ATLAS Capital Partners  (ATLAS) has announced the $26.8 million sale, or $443 per-building-square-foot, of a Gilbert, Arizona industrial project. The property, which serves as a model for the company’s growing portfolio of best-in-class, low-coverage developments, closed at a 5.28% CAP, achieving the lowest CAP rate and highest price-per-square-foot this year for a Phoenix indust