{"id":1004797911,"date":"2026-05-07T05:42:06","date_gmt":"2026-05-07T13:42:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004797911"},"modified":"2026-05-08T03:22:32","modified_gmt":"2026-05-08T11:22:32","slug":"lincoln-breaks-ground-on-phoenix-office-to-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-breaks-ground-on-phoenix-office-to-industrial-project\/","title":{"rendered":"Lincoln Breaks Ground on Phoenix Office-to-Industrial Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a39df5109ef5&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"767\" data-attachment-id=\"1004797796\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sky_harbor_logistics\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sky_Harbor_Logistics.jpg\" data-orig-size=\"1024,767\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Sky_Harbor_Logistics\" data-image-description=\"&lt;p&gt;Image from: https:\/\/lpc.com\/press-releases\/office-to-industrial-redevelopment-phoenix-sky-harbor\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sky Harbor Logistics will consist of two buildings and occupy more than 16 acres. Image courtesy of Lincoln Property co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sky_Harbor_Logistics.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sky_Harbor_Logistics.jpg?w=1024\" alt=\"A rendering of Sky Harbor Logistics\" class=\"wp-image-1004797796\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sky_Harbor_Logistics.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sky_Harbor_Logistics.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sky_Harbor_Logistics.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Sky Harbor Logistics will consist of two buildings and occupy more than 16 acres. <em>Image courtesy of Lincoln Property co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Lincoln Property Co. has broken ground on Sky Harbor Logistics, a 256,000-square-foot office-to-industrial redevelopment that will bring a two-building, Class A logistics campus to an infill site in Tempe, Ariz. Completion is scheduled for spring 2027.<\/p>\n\n\n\n<p>The redevelopment brings the property full circle, because the site was developed for industrial use in 1977, then converted to office use in 2018, Lincoln Executive Vice President John Orsak explained in a prepared statement.<\/p>\n\n\n\n<p>Lincoln has been at work on the Sky Harbor Logistics site since 2024, demolishing an almost 220,000-square-foot office building and parking garage to make the parcel shovel-ready once again. The site is within a few minutes of Phoenix Sky Harbor International Airport.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/in-a-topsy-turvy-world-capital-flows-to-cre\/\">In a Topsy-Turvy World, Capital Flows to CRE<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>\u201cThis site has lived a rare full-circle journey, but it reflects a correction happening in markets across the country,\u201d Lincoln Senior Executive Vice President David Krumwiede told <em>Commercial Property Executive<\/em>. \u201cInfill land near major airports and interstates is too scarce and strategically valuable to sit underutilized. Developers and investors are recognizing that, and Sky Harbor is a prime example of the market finding its highest and best use.\u201d<\/p>\n\n\n\n<p>On completion of the redevelopment, the 16.25-acre site at 1515 W. 14th St. will consist of two nearly identical logistics buildings sharing a 190-foot truck court, with Building A comprising 128,105 square feet at Building A and Building B holding 127,661 square feet.<\/p>\n\n\n\n<p>Each will offer 32-foot clear height, 3,600 amps of power, 44 dock doors, four drive-in doors and 266 parking spaces to support high-throughput distribution, air freight and time-sensitive supply chain operations. Each building will also feature ESFR sprinklers, LED lighting and clerestory windows.<\/p>\n\n\n\n<div class=\"wp-block-group cmw-cpe-newsletter\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group cmw-cpe-newsletter-content\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group cmw-cpe-newsletter-content-img\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"1200\" data-attachment-id=\"1004794779\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cpe-sneak-peek-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg\" data-orig-size=\"1200,1200\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"CPE Sneak Peek square\" data-image-description=\"&lt;p&gt;CPE Sneak Peek Newsletter Preview&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;CPE Sneak Peek Newsletter Preview&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg\" alt=\"CPE Sneak Peek Newsletter Preview\" class=\"wp-image-1004794779\" style=\"width:88px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=300,300 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=768,768 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=1024,1024 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group cmw-cpe-newsletter-content-text\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading\" id=\"h-cpe-sneak-peek-newsletter\">CPE Sneak Peek Newsletter<\/h2>\n\n\n\n<p>Be the first to receive exclusive insights, data-backed analysis and expert commentary. Early access, every week.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<form class=\"cmw-inline-newsletter\" action=\"https:\/\/whatcounts.com\/bin\/listctrl\" method=\"POST\">\n  <input type=\"hidden\" name=\"slid\" value=\"5C84B893BD6D939E33A6A73C89655EA8\" \/>\n  <input type=\"hidden\" name=\"cmd\" value=\"subscribe\" \/>\n  <input type=\"hidden\" name=\"wxuiversionfirst\" value=\"\" \/>\n \n  <input type=\"hidden\" name=\"errors_to\" value=\"\" \/>\n\n  <label class=\"sr-only\" for=\"email\">Email<\/label>\n  <input type=\"email\" id=\"email\" name=\"email\" required maxlength=\"65\"\n         placeholder=\"Your email address\"\n         oninvalid=\"this.setCustomValidity('Please enter a valid email address')\"\n         oninput=\"this.setCustomValidity('')\"\/>\n\n  <button type=\"submit\">Sign up now<\/button>\n<\/form>\n<\/div><\/div>\n\n\n\n<p>Designed for use by single or multiple tenants, the buildings will be divisible to 32,000 square feet, with multiple architectural entries and two 1,592-square-foot spec office suites per building.<\/p>\n\n\n\n<p>Butler Design Group is the project architect, and Willmeng is the general contractor. Lincoln will handle leasing and property management.<\/p>\n\n\n\n<p>Earlier in May, Lincoln announced it had raised $280 million in capital commitments for its <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-logistics-fund-ii-reaches-280m-cornerstone-close\/\">Lincoln Logistics Fund II<\/a>, representing a cornerstone close for the fund that focuses on last-mile, multi-tenant investments across the U.S. The close totals more than a quarter of the fund\u2019s $1 billion target.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-another-office-to-industrial-conversion\">Another office-to-industrial conversion<\/h2>\n\n\n\n<p>Industrial space in the Phoenix Airport submarket has a total vacancy of 7.6 percent on an inventory of 49.5 million square feet and saw a modest amount (about 191,000 square feet) of negative net absorption in the first quarter, continuing a situation from 2025, according to a report from Kidder Mathews. About 1.3 million square feet is under construction.<\/p>\n\n\n\n<p>Last November, ViaWest Group and Barings <a href=\"https:\/\/www.commercialsearch.com\/news\/viawest-barings-land-107m-for-phoenix-industrial-project\/\">obtained $107 million in construction financing<\/a> for ReDiscover Logistics Park, a four-building, 808,448-square-foot industrial development in Phoenix. The four buildings will range from 189,280 to 212,000 square feet and feature 32- to 36-foot clear heights.<\/p>\n\n\n\n<p>The funding reportedly was the largest construction loan for a speculative development in Arizona in 2025. The planned project is also an office-to-industrial conversion, as the 43.5-acre site was home to a former call center building, which was to be demolished.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 256,000-square-foot effort will consist of two nearly identical buildings sharing a truck court. <\/p>\n","protected":false},"author":882,"featured_media":1004797796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1601,15],"tags":[34930],"class_list":["post-1004797911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-phoenix","category-west","tag-lincoln-property-co"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lincoln Breaks Ground on Phoenix Office-to-Industrial Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Lincoln Property Co. has broken ground on Sky Harbor Logistics, a 256,000-square-foot office-to-industrial redevelopment.\" \/>\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-breaks-ground-on-phoenix-office-to-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Breaks Ground on Phoenix Office-to-Industrial Project\" \/>\n<meta property=\"og:description\" content=\"Lincoln Property Co. has broken ground on Sky Harbor Logistics, a 256,000-square-foot office-to-industrial redevelopment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lincoln-breaks-ground-on-phoenix-office-to-industrial-project\/\" \/>\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=\"2026-05-07T13:42:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-08T11:22:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sky_Harbor_Logistics.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"767\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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-breaks-ground-on-phoenix-office-to-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-breaks-ground-on-phoenix-office-to-industrial-project\/\",\"name\":\"Lincoln Breaks Ground on Phoenix Office-to-Industrial Project - 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Image courtesy of Lincoln Property co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/lincoln-breaks-ground-on-phoenix-office-to-industrial-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Lincoln Breaks Ground on Phoenix Office-to-Industrial Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. 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