Lincoln Property Company Closes Largest Arizona Industrial Building Sale of the Year with Luke Field Transaction

Walmart expands with record-setting West Valley deal

Lincoln Property Company By Hailey Mesnik | YourValley Walmart acquired a nearly 1.28 million square-foot building next to Luke Air Force Base for $152,161,730 in a record-setting deal that closed the day before Thanksgiving. It’s the second-largest industrial building sold in Phoenix on record, according to data from CoStar Group/Homes.com. READ ON:

Lincoln Unloads Luke Field Warehouse for $152M

Lincoln Property Company (Lincoln) and Goldman Sachs sold the 1.27 million-square-foot “Building C” industrial building at Luke Field. CoStar reports that Walmart is the buyer, with a sale price of $152 million. JLL’s Marc Hertzberg and John Lydon represented Walmart in the “Building C” acquisition. Lincoln says it’s the largest Arizona industrial building sale of the year and is the first tenant commitment at Lincoln’s recently completed Luke F…

Lincoln Property Co., Goldman Sachs Sell 1.3 MSF Industrial Building in Glendale, Arizona to Walmart for $152.1M

GLENDALE, ARIZ. — Lincoln Property Co. and Goldman Sachs have completed the disposition of the 1.3 million-square-foot Building C at Luke Field in Glendale. Walmart acquired the asset for $152.1 million. Luke Field, located at 13803 and 13543 Northern Ave. and 7733 Litchfield Road, spans three Class A industrial buildings: a 695,750-square-foot Building A, a 454,761-square-foot Building B and a 1.3 million-square-foot Building C. Each building f…

Lincoln Property Company Closes Largest Arizona Industrial Building Sale of the Year with Luke Field Transaction

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