By Mike Sunnucks | Phoenix Business Journal
Lincoln Property Group has acquired a 220,000-square-foot distribution complex in Phoenix that houses a Nestle water bottling operation.
Dallas-based Lincoln — which owns a number of properties in the Phoenix market — bought the Freeport Distribution Center at 51st Avenue and Buckeye Road for $12.7 million.
IDI Gazeley Brookfield Logistic Properties and California-based BlackRidge Real Estate Group were the sellers.