Lincoln Property Co. buys 140 acres for Phoenix’s next mega-project: Luke Field

GLENDALE, Ariz., May 13, 2022 – LPC Desert West, the southwest branch of Dallas-based Lincoln Property Co., has completed the acquisition of a $53 million, 140-acre lot in Glendale, Ariz. , for its next mega industrial Phoenix metro project, Luke Domaine. The $515 million, 2.3 million square foot development is bordered by Litchfield Road, Northern Avenue, the new Northern Parkway and Luke Air Force Base. It is a few minutes from the 303 loop.

When completed, Luke Field will consist of three buildings totaling 1.26 million square feet, 604,000 square feet and 416,000 square feet. All buildings will feature the same high-end “industrial creative” amenities that LPC has become known for through other award-winning industrial projects, such as the nearby Park303.

Luke Field is named after the adjacent Luke Air Force Base, home to the 56th Fighter Wing, part of Air Education and Training Command, the largest fighter wing in the United States Air Force.

“We have a history of connecting to Luke Air Force Base, so the opportunity to purchase this land and develop it close to the base, in this powerful industrial submarket, is something we will really appreciate,” said David Krumwiede, senior executive vice president of Lincoln Property Company. , who along with LPC Vice President John Orsak have both served as Honorary Commanders of Luke’s 56th Fighter Wing.

“Our industrial projects go beyond quality and modern capacity. This project will be no different,” Orsak said. “We have countless global industrial users looking to establish major operations in the Loop 303 and Northern Parkway corridors. Luke Field is designed to attract these tenants and the economic and employment stability they represent for the Valley.

Features of Luke Field will include 40′ headroom, touchless technology throughout, 25′ high glass entrances, 3,000 amps of power (expandable), automated dock doors, steel bracing and generous 5′ x 10′ clerestory windows on all elevations, providing sky views and changing natural light. Indoor/outdoor facilities will include barbecue stations, a shaded outdoor food court and employee collaboration spaces. The project will provide ample secure parking for cars and trailers.

Luke Field is just off the Northern Parkway, a new 12.5-mile high-capacity road that allows employees and trucks to bypass traffic on Interstate 10. Northern Parkway also provides a direct and fast connection between loop 303 and loop 101/US 60/Grande Avenue. The combination provides strategic regional transportation links for logistics-centric users, including destinations such as the Port of Los Angeles and Long Beach to the west, and Nevada and other mountainous states to the north.

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

Construction on Luke Field is expected to begin in Q4 2022 and complete in Q1 2024. All three buildings will be constructed in a single phase. Butler Design Group is the architect of Luke Field. A general contractor has not yet been selected.

To discuss rental, investment or property management opportunities with Lincoln Property Company in the Desert West area, please call David Krumwiede or John Orsak at (602) 912-8888.

About Lincoln Property Company

Lincoln Property Company (LPC) is a full-service international real estate company offering real estate investment, development, design/build management, leasing and property management/receivership/asset management services. LPC has approximately 8,500 employees with an international footprint that includes offices in 45 cities across the United States and six cities in Europe and South America. Since 1965, LPC has developed over 128 million square feet of office, industrial and commercial projects recognized for their superior design, quality and locations. It currently has over 403 million square feet of commercial space under lease and/or management. Lincoln is also one of the nation’s largest apartment developers, having developed over 209,000 multi-family units and currently managing over 165,000 multi-family units.

LPC’s Desert West region is based in Phoenix and includes Arizona, Nevada, Utah and New Mexico. Since its inception in 2001, the regional office has developed nearly 15 million square feet, acquired over 6 million square feet, and managed nearly 19 million square feet of commercial space, including major developments and investments, award-winning and LEED-certified. Since 2019, the company has completed two of the most expensive office and industrial transactions in Metro Phoenix and launched the Union office campus in Mesa, new buildings at the Grand at Papago Park Center in Tempe and the Park303 logistics park in Glendale. , among other developments. . LPC Desert West is consistently ranked among Phoenix’s top commercial real estate companies for property development and management, winning back-to-back 2018, 2019, and 2020 NAIOP Arizona Owner/Developer of the Year awards and designation as Top Companies in the Arizona Republic to work for in Arizona. In 2020, the company embarked on a regional expansion plan, entering the Nevada and Utah markets with Class A industrial acquisitions. To learn more about Lincoln Property Company, please visit www.lpc.com or www.lpcdesertwest.com.

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https://www.lpcdesertwest.com/

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