Lincoln Property Company buys 71.5 acres in Glendale for $11.7M

AZBigMedia

AZBigMedia

NAIOP Arizona 2018 Owner and Developer of the Year Lincoln Property Company has closed on 71.5 acres in Glendale, Arizona for $11.7 million, initiating development of Park303. The new $115 million speculative Class A industrial project will have the flexibility to include two buildings totaling 705,531 square feet and 488,995 square feet, or combine into one single building totaling almost 1.26 million square feet.

Park303 is located between Bethany Home Road and Glendale Avenue, with one-quarter mile of freeway exposure along the new Loop 303 and featuring 40’ clear height and more than 540 parking spaces.

“The Park303 development is the newest in a string of projects to emerge along Glendale’s recently annexed 303 corridor,” said City of Glendale Mayor Jerry Weiers. “We are excited to welcome Lincoln Property and this state-of-the-art facility with modern amenities, and know it will continue to increase the momentum created by Red Bull, Ball and Rauch. The project is one of many developments in the area which will positively impact our residents and our economy.”

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