Lincoln Property Co has beefed up its Phoenix industrial holdings by picking up Freeport Distribution Center. The property's a two-building, 219k SF warehouse complex in Southwest Phoenix off of Buckeye Road and 51st Avenue, and was purchased for an undisclosed sum from Atlanta-based IDI Gazeley Brookfield Logistics Properties and California-based BlackRidge Real Estate Group. While it already has tenants in place—including Moulding & Millwork and Hardwoods Specialty—Lincoln's David Krumwiede says there is still a value-add play to the buy, especially with its proximity to Phoenix Sky Harbor International Airport. HFF's Brett Tremaine, Anthony Brent, Ryan Martin, and Tom Simmons brokered the sale.
Lincoln Buys Key Airport Industrial Project
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Related Topics:
BlackRidge Real Estate Group, David Krumwiede, IDI Gazeley, Lincoln Property Company, Ryan Martin, Tom Simmons
