Lincoln Property Starts 2.5 MSF Phase of Phoenix-Area Project

Commercial Property Executive   |   Scott Baltic

Posted In — News & Press | In the News

LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Co., has begun work on the three-building, nearly 2.5 million-square-foot phase two of the company’s Park303 in Glendale, Ariz.

The project’s first phase was sold last September to BentallGreenOak for $186 million, which reportedly was the highest single-building industrial sales price in Arizona history. That phase had been developed originally as two Class A industrial buildings, but was later combined to create a single 1.3 million-square-foot building, under a long-term lease by Walmart.

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