Lincoln Property buys Phoenix warehouses for $12.7 million

Screen Shot 2014-08-27 at 11.35.01 AMBy 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.

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