{"id":1004128340,"date":"2015-09-29T05:54:10","date_gmt":"2015-09-29T13:54:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004128340"},"modified":"2020-04-27T23:59:49","modified_gmt":"2020-04-28T07:59:49","slug":"lincoln-property-lands-gigantic-lease-in-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lands-gigantic-lease-in-phoenix\/","title":{"rendered":"Lincoln Property Lands Gigantic Lease in Phoenix"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

Lincoln Property Co.<\/a> has completed a 552,330-square-foot lease with an undisclosed distribution user that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley.<\/p>\n

\"Amr<\/a>

Amr Ceran, Lincoln Property Co.<\/p><\/div>\n

Located at 7037 W. Van Buren St., the new lessee will utilize the building to service a major requirement from a distribution-centric Fortune 50 company upon moving into the space in October.<\/p>\n

\u201cThe greatest factor in this deal was the infrastructure and availability of this building,\u201d Amr Ceran, Lincoln Property Co.\u2019s vice president, told Commercial Property Executive<\/em>. \u201cBeing 2005 construction, it had modern features that were in place and ready for a tenant to move in immediately, supported by a gated warehouse and a premier location in very close proximity to Interstate 10. That unique combination was exactly what this tenant required.\u201d<\/p>\n

The new lease brings the building to full occupancy, stabilizing the asset with a well-established distribution user.<\/p>\n

The project offers 31.5- to 35.5-foot clear heights, 57-foot column spacing, 100 truck bays, cross-dock and front-load configurations, energy-efficient lighting and modern electrical, cooling and ESFR systems. It also sits within a Foreign Trade Zone, which represents a significant potential for real and personal property (equipment) tax reductions and duty deferral or elimination.<\/p>\n

\u201cThe property had virtually all of the needed build-out specifications already in place, including lighting and cooling requirements, existing dock equipment and approximately 10,000 square-feet of office space,\u201d Ceran said.<\/p>\n

According to the vice president, the lessee chose Phoenix after a multi-market search that included both northern and southern California, showing the strong industrial market that Phoenix has become.<\/p>\n

\u201cThis is a trademark industrial property. It has a lighted intersection that helps with the safe ingress and egress of trucks, and it sits on a no outlet street at 71st Avenue\u2014a nice feature that can be used as a queuing lane,\u201d Ceran added. \u201cFrom the aerial perspective, you can see the other appeal, which is the local workforce. Once you cross north of I-10, it\u2019s residential housing as far as the eye can see.\u201d<\/p>\n

JLL Managing Directors Marc Hertzberg and Anthony Lydon represented LPC. Tom Louer of Lee & Associates represented the tenant.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The diversified investor and developer has fully occupied an industrial building while bringing 200 new jobs to the Southwest Valley.<\/p>\n","protected":false},"author":451,"featured_media":1004128342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,15],"tags":[],"class_list":["post-1004128340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-west"],"acf":[],"yoast_head":"\nLincoln Property Lands Gigantic Lease in Phoenix - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lands-gigantic-lease-in-phoenix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Property Lands Gigantic Lease in Phoenix\" \/>\n<meta property=\"og:description\" content=\"The diversified investor and developer has fully occupied an industrial building while bringing 200 new jobs to the Southwest Valley.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lands-gigantic-lease-in-phoenix\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-29T13:54:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T07:59:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/Amr-Ceran.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"796\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lands-gigantic-lease-in-phoenix\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-lands-gigantic-lease-in-phoenix\/\",\"name\":\"Lincoln Property Lands Gigantic Lease in Phoenix - 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