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LPC Makes Its First PHX Industrial Deal of 2022
In its first major metro Phoenix industrial acquisition of 2022, Lincoln Property Co. (LPC) has closed on two buildings at AZ 202 Commerce Park in Chandler, AZ for $32.5 million. The seller was ViaWest Property Group, which developed the properties and was represented in the sale by Cushman & Wakefield’s Will Strong, Mike Haenel, Andy Markham, Phil Haenel and Greer Oliver
Located at 1600 S. Hamilton St. in Chandler, the newly acquired project totals 7.74 acres and 140,372 square feet in two fully leased buildings – a 65,892-square-foot Building A and a 74,480-square-foot Building B. The property sits adjacent to AZ 202 Commerce Park Phase I, a 106,000-square-foot build-to-suit fully occupied by PODS Moving and Storage.
“Phoenix has become a destination for the best and brightest industrial tenants, and as a result has attracted the attention of world-class institutional investors,” said LPC Desert West senior EVP David Krumwiede.
- ◦Sale/Acquisition
