{"id":1004347112,"date":"2019-08-21T11:35:11","date_gmt":"2019-08-21T19:35:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004347112"},"modified":"2019-08-21T11:35:11","modified_gmt":"2019-08-21T19:35:11","slug":"nike-jumps-into-phoenix-with-70m-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nike-jumps-into-phoenix-with-70m-acquisition\/","title":{"rendered":"Nike Jumps Into Phoenix With $70M Acquisition"},"content":{"rendered":"
\"\"<\/a>

Lincoln Logistics 40<\/p><\/div>\n

A joint venture between Lincoln Property Co. and Goldman Sachs has sold Lincoln Logistics 40, a 901,700-square-foot Class A industrial building outside of Phoenix, to Nike in a $69.8 million all-cash transaction, according to Yardi Matrix. The sports apparel giant plans to manufacture products in the space, which will employ some 500 employees according to BREW<\/em>.<\/p>\n

Lincoln Logistics 40 broke ground in December 2017, shortly after Lincoln Property Co. purchased the 50-acre development site<\/a> from EJM Development Co. The project took almost one year to reach completion. Layton Construction was the general contractor for the project, and Butler Design Group provided architectural services.<\/p>\n

The facility is located on 49.9 acres at 575 S. 143rd<\/sup> Ave. in Goodyear, Ariz., within the Airport Gateway at Goodyear industrial park. Interstate 10 is less than 2 miles north of the asset, some 20 miles west of downtown Phoenix.<\/p>\n

Initially built as a speculative development, the property has a wide range of high-end features, among them 40-foot clear heights, insulated ceilings, 3000 amps of three-phase electrical service and 57- by 60-foot speed bays. The building has 161 dock-high loading doors as well as four drive-in doors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 2018-built industrial asset contains more than 900,000 square feet of Class A space.<\/p>\n","protected":false},"author":861,"featured_media":1004347124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1601,15],"tags":[38006,33435,38007,32838,39036],"class_list":["post-1004347112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-butler-design-group","tag-goldman-sachs","tag-layton-construction-company","tag-lincoln-property-company","tag-nike-inc"],"acf":[],"yoast_head":"\nNike Jumps Into Phoenix With $70M Acquisition - 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\/nike-jumps-into-phoenix-with-70m-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nike Jumps Into Phoenix With $70M Acquisition\" \/>\n<meta property=\"og:description\" content=\"The 2018-built industrial asset contains more than 900,000 square feet of Class A space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nike-jumps-into-phoenix-with-70m-acquisition\/\" \/>\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=\"2019-08-21T19:35:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lincoln-Logistics-40.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\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\/nike-jumps-into-phoenix-with-70m-acquisition\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nike-jumps-into-phoenix-with-70m-acquisition\/\",\"name\":\"Nike Jumps Into Phoenix With $70M Acquisition - 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