Lincoln closes largest Arizona industrial building sale of the year with Luke Field transaction

Full-service commercial real estate firm Lincoln Property Company (Lincoln) and Goldman Sachs announced the sale of the 1.27 million-square-foot “Building C” industrial building at Luke Field to a Fortune 500 company.

The deal marks the largest Arizona industrial building sale of the year and is the first tenant commitment at Lincoln’s recently completed Luke Field – a 140-acre, 2.4 million-square-foot LEED Gold Certified logistics park in Glendale, Arizona.

Located at 13803 and 13543 Northern Ave., and 7733 Litchfield Rd. in Glendale, Arizona, Luke Field spans three Class A industrial buildings: a 695,750-square-foot Building A, 454,761-square-foot Building B and 1.27 million-square-foot Building C.

Each building features 40’ clear height, 25’ tall glass entries, 3,000 amps of power (expandable), automated dock doors, steel moment frame shear bracing and 5’ x 10’ clerestory windows providing sky views and natural light. The project also offers Lincoln’s trademark “creative industrial” amenities, such as barbeque stations, a shaded outdoor eating area and employee collaboration spaces.

Logistically, Luke Field is bordered by Luke Air Force Base, Litchfield Road, Northern Avenue and the high-capacity Northern Parkway offering direct, rapid connection between the Loop 303 and Loop 101/US 60/Grand Avenue.

From a sustainability perspective, Luke Field ranks among a select group of new metro Phoenix Class A industrial projects that are LEED Gold Certified, emphasizing locally sourced materials, operational efficiency and long-term cost savings.

“Our vision for Luke Field was to create a premier industrial environment for major corporate tenants, offering them sophisticated industrial space with integrated features that promote employee health, well-being, and productivity,” said Lincoln Property Company Executive Vice President John Orsak.

“Its prime location also makes Luke Field a logistics powerhouse. We appreciate the trust being placed in this building by our first official tenant, and look forward to ongoing success as we continue to field strong prospect interest in the project’s remaining available buildings.”

“Like all of our industrial deliveries, Luke Field represents the kind of forward-looking investment that strengthens our regional economy and creates meaningful opportunities for our businesses and workforce,” said Lincoln Property Company Senior Executive Vice President David Krumwiede. “We’re proud of this latest delivery and the many ways it will serve tenants and the market at large.”

Luke Field “Building C” is Lincoln’s second major metro Phoenix industrial building sale announcement this quarter. In October, the company announced the sale of a 1.25 million-square-foot building within its Park303 development to Dollar Tree. That project brings the 210-acre, 3.75 million-square-foot Park303 logistics park to 83% leased or sold to Walmart, Dollar Tree and Logisticus Group LLC.

Corporate neighbors to Luke Field include Boeing, Microsoft, White Claw, XPO Logistics, UPS, REI, SubZero, Daimler-Benz, Red Bull, Ball Corporation, Aldi and Williams Sonoma.

Lincoln serves as the property manager and leasing agent for Luke Field. JLL’s Marc Hertzberg and John Lydon represented the buyer in the “Building C” acquisition.

Lincoln is actively fielding lease and acquisition interest for Luke Field Buildings A and B. To discuss Luke Field availability or for general leasing and development opportunities with Lincoln, call Krumwiede or Orsak at (602) 912-8888.