Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Thirty-three acres three miles from Sky Harbor International airport, is where Dallas-based Lincoln Property Co. has chosen test the speculative industrial market.

Located at Maricopa Freeway and Seventh Avenue, Lincoln Commerce Park is a just-finished four-building development totaling 224,000 sf. The buildings take up 13 acres, leaving the rest for build-to-suit facilities or more speculative space. Monthly triple-net asking rates at Lincoln are $0.50 per sf.

With the buildings now complete and empty, David Krumwiede, executive vice president with Lincoln Property Co., seems optimistic about the facility’s lease up potential. He says that many tenants in the area are in dysfunctional space in terms of clear heights, loading capacity and other crucial amenities. Lincoln was one of many developers vying for the land due to its proximity to the airport and a lack of new industrial product in the area, says Krumwiede.

The facility is being marketed by Jeff Conrad of Lee & Associates Arizona, who reports that interest from potential tenants has been significant, with deals looming and expected to close in the near future.

Lincoln also is in the planning and design phase on a 108,000 sf industrial warehouse slated for 16th Street and Maricopa Freeway. Krumwiede says the project will be completed in the next six months.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.