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Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51<sup>st</sup> Avenue, just minutes from the Phoenix Sky Harbor International Airport.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">The project is a close-in infill site offering immediate connectivity to the I-10, I-17 and Loop 303 freeway. It boasts a strong tenant roster that includes Nestle North America and two Canadian-based, construction industry credit tenants: Moulding & Millwork (a subsidiary of Metrie) and Hardwoods Specialty (a subsidiary of Hardwoods Distribution, Inc.)</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">LPC purchased Freeport Distribution Center from Atlanta-based <strong>IDI Gazeley Brookfield Logistics Properties</strong> and California-based <strong>BlackRidge Real Estate Group</strong>. <strong>Brett Tremaine</strong>, <strong>Anthony Brent</strong>, <strong>Ryan Martin</strong> and <strong>Tom Simmons</strong> from <strong>HFF</strong> represented the seller. LPC will provide exclusive property management services for the new acquisition.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">“Phoenix's southwest Valley is an extremely sought-after industrial real estate submarket,” says Lincoln Property Company's executive vice president David Krumwiede. “Freeport Distribution Center is a great example of the submarket's strength and its potential to become even stronger as its key assets continue to stabilize.”</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">Krumwiede quickly engaged LPC's property management team to capitalize on the project's potential, and is looking for additional opportunities across the Southwest to do the same. “As a medium-size bay project, Freeport provides a nice balance to our regional portfolio. It is a welcome part of our company's continued growth.”</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">“Freeport Distribution Center allows LPC to do what we do best, which is to bring a good asset up to its maximum value,” added Lincoln Property Company's director of management services Alisa Timm, who oversees a more than 6.5 million-square-foot management portfolio for the company's Desert West Region. “We do this by providing the services that today's owners need most: financial savvy, positive relationships and creative ideas that keep tenants and buildings at the top of their game.”</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">Located on approximately 11 acres at 5240 and 5302 W. Buckeye Road in Phoenix, Freeport Distribution Center includes one 135,114-square-foot industrial building and one 84,126-square-foot industrial building. The project features 25 – 28-foot clear heights, ESFR sprinkler system, front-load configuration and 240 – 260-foot shared truck court.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">Lincoln Property Company is actively seeking development and acquisition opportunities throughout the Valley. </p>"],"slides":[],"video":null},"youmightlike":null,"readnext":{"contents":[{"uri":"/2025/07/10/florida-ends-tax-on-commercial-rent-bringing-relief-to-tenants/","title":"Florida Ends Tax on Commercial Rent, Bringing Relief to Tenants","byline":"Anthony Russo","summary":"The removal of the tax will increase the state's competitive advantage and lure more folks to Florida. 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