Lincoln Property Company (LPC) has announced the completion of the $85 million Lincoln Logistics 40, a project spanning more than 20 acres of Class A industrial space under one roof and representing Phoenix’s first-ever 40’ clear height, fully speculative industrial development.
The 901,770-square foot building – which includes a move-in-ready spec suite – is now available in Phoenix’s West Valley.
“This is the only modern industrial project of its kind in Phoenix that is up, finished and available for immediate occupancy,” said Lincoln Property Company Executive Vice President David Krumwiede. “The timing for the delivery is terrific. Phoenix industrial vacancy rates are at their lowest in 12 years and the market is flush with large tenants looking to expand or set up entirely new operations in Phoenix. They just need the right space.”