The seller was Mountain West Industrial Properties of GreenwoodVillage, CO, which completed the project last year at 7375 W.Buckeye Rd. and had leased 93% of it by the time it went on themarket. The anchor tenant is Pilkington North AmericaInc., a vehicle and building glass company founded in 1826that occupies 203,245 sf. Consisting of three buildings of 71,288sf, 152,800 sf and 234,848 sf, the property is Lincoln's secondacquisition from Mountain West.

"With a 93% occupancy rate, we feel this is a very attractivestabilized investment for Lincoln," says David Krumwiede, executivevice president of Lincoln's Western Region. "Acquisitions like thiscomplement our development activities in which we delivered overone million sf of product in the second quarter."

The asset will be managed by Lincoln's property managementdivision and leased by Bo Mills and Mark Detmer of Cushman &Wakefield of Arizona Inc., who also brokered the sales transactionon behalf of both parties. According to Mills, the propertyreceived about 10 offers.