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Lincoln to Convert Phoenix Offices to Industrial
Lincoln Property Company (Lincoln) acquired an infill office project in Tempe, and will redevelop the site into Sky Harbor Logistics, a Class A industrial campus minutes from Interstate 10 and Sky Harbor International Airport.
Lincoln acquired the property, located on 16.25 acres at 1515 W. 14th St., for $18.3 million. Lincoln will demolish the 218,000-square-foot, single-floor office complex at the site to prepare the land for Sky Harbor Logistics, a 254,000-square-foot industrial campus. it will feature two identical, 127,000-square-foot Class A buildings with a shared truck court. Redevelopment activity at Sky Harbor Logistics is expected to begin second quarter 2025.
Will Strong and Molly Hunt with Cushman and Wakefield represented the 1515 W. 14th St. property sellers, Wentworth Property Company and Northwood Investors.
Butler Design Group is the architect for Sky Harbor Logistics. A general contractor has not yet been selected. Lincoln will manage all building leasing and property management.
- ◦Sale/Acquisition
- ◦Development
