In the fast-paced world of development here in the Valley of the Sun, it’s a huge advantage to be fast, and to be first.
Lincoln Property Company, fresh off a year in 2018 where it was named NAIOP Arizona’s Owner and Developer of the Year, found itself as the first developer in the new Park303 development along the Loop 303 in Glendale.
The company closed on a 71.5-acre parcel of land in Park303 for $11.7 million in September. LPC worked behind the scenes to secure the Planned Area Development (PAD) and help the City of Glendale with their annexation process.
“It’s kind of like anything, we had an idea and came across that first parcel and thought it was a great location,” said LPC’s executive vice president David Krumwiede.