Tag Archives: desert west region

Lincoln Property Company

Lincoln Property Company Expands Presence With 5 New Property Management Staff

The Desert West Region office of Lincoln Property Company, a full-service real estate firm providing development, investment, property management, receivership, leasing and construction management, announced the expansion of its property management division with five new staff members.

Lincoln Property Company - Mark Stromgren

Mark Stromgren, General Manager

Mark Stromgren, General Manager; Theo Ott, Property Administrator; Chuck Lhotka, Chief Engineer; Jim Hickenbottom, Building Engineer; and Val Grafitti, Building Engineer have joined LPC. These new staff members joined LPC with the award of the 470,000 SF property management contracts for two State of Arizona capitol mall office buildings: The Arizona Department of Environmental Quality (ADEQ) and Arizona Department of Administration (ADOA).

“Our property management division continues to expand not only with additional staff, but with additional property management assignments in the Valley,” said Tammy Sidles, Director of Management Services for LPC. “Property management has always been one of LPC’s core services and strengths.”

“As former Opus employees, Tammy and I were involved in the development and management of these Class A office buildings, and we are excited to be working with the State of Arizona again,” said David Krumwiede, Executive Vice President, Lincoln Property Company.

The ADEQ headquarters is a 6-story, 292,684 SF building at 1110 W. Washington St. in Phoenix. The ADOA headquarters is a 4-story, 177,038 SF building at 100 N. 15th Ave. in Phoenix. ADEQ is a LEED Silver certified building and ADOA was built to LEED specifications. Both buildings won the BOMA Office Building of the Year TOBY competition in 2007 on the local and regional level and advanced to the International competition.

Lincoln’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001. Lincoln has developed 2.7 MSF, acquired 3.7 MSF and manages 5.5 MSF of commercial space.

Lincoln’s notable developments and investments include the LEED Platinum Certified Arizona Game and Fish Department Headquarters, Paradise Village Office Park, Broadway 101 Commerce Park and Camelback Square.

For more information on Lincoln Property Company, visit lpcphx.com.

Lincoln Property - AZ Dept Of Admin

Lincoln Property Office Awarded 470,000 SF By State Of Arizona

Lincoln Property - AZ Dept Of Environmental Quality

Arizona Department of Environmental Quality

The Desert West Region office of Lincoln Property Company announced that it will provide property management services for two Capitol Mall state properties: The Arizona Department of Environmental Quality (ADEQ) and Arizona Department of Administration (ADOA).

The ADEQ headquarters is a 6-story, 292,684 SF building, 1110 W. Washington St., in Phoenix. The ADOA headquarters is a 4-story, 177,038 SF building, 100 N. 15th Ave., in Phoenix.

“The addition of these two office buildings brings Lincoln’s property management portfolio up to 5.5 million square feet in the Phoenix area – making LPC one of the largest property managers in Arizona,” said David Krumwiede, Executive Vice President, Lincoln Property Company West Region.

“Although this is a new assignment for LPC, we have a unique history with the properties. As former Opus employees, David and I were involved in the development of both facilities, and I oversaw the management team that is currently in place from its inception to late 2011,” said Tammy Sidles, Director of Management Services for Lincoln Property Company.

ADEQ is a LEED Silver certified building and ADOA was built to LEED specifications. Both buildings won the BOMA Office Building of the Year TOBY competition in 2007 on the local, regional and advanced to the International competition.

For more information on Lincoln Property Company in Phoenix, visit their website at www.lpcphx.com.

Lincoln Property Company

Guiding Principles for Weathering a Downturn From Lincoln Property Company

In my 25 years in the Arizona commercial real estate industry, and the past 10 managing the Phoenix office of Lincoln Property Company (LPC), I’ve seen a tremendous amount of change. But, the levels in which that change occurred over the past three years are unsurpassed, and one that everyone in the Valley will remember for a long time to come.

Market highs and lows are a part of the game. How one weathers the storm and emerges from a downturn is the true test of endurance for a company. With the proper game plan in place, it is possible to survive a downturn and come out on the other side as a stronger, healthier and more opportunistic organization.

Lincoln Property Company has been able to do just that. Our business model is shaped like a three-legged stool focused on several core areas: Development, Acquisitions and Services. As we implement our strategy, I attribute our success to principles that could be applied to any business: agility, focus and execution. We are constantly assessing the market and shifting our focus to the leg that is most appropriate for the current business climate and demand.

How did we survive? By realigning our priorities from development to acquisition and services, it allowed Lincoln Property Company to stay one step ahead of the marketplace. Several years ago, we developed large projects when there was demand. When that demand dried up, we switched to acquisitions. During the downturn, when properties were changing ownership and going to special servicers, Lincoln Property Company began offering receivership services. Although receivership was new to Lincoln Property Company’s Valley service offering, it was certainly not new to LPC. By adjusting our service offerings (which also includes asset and property management, construction management and leasing management), we were able to grow our business. If we had been solely a developer, it might have been a different story.

Another important element is our dedication to execution. We’ve spent a lot of time focusing on the fundamentals over the years. We look at each asset in our portfolio and make sure the building is being managed and improved in the right way. And we constantly ask ourselves “How can we outperform the leasing market on this asset?”

There is a lesson in our ability to stay agile, execute and seize oncoming opportunities.

I believe it’s not about changing your business, but changing your focus.

Additionally, we took a cautious approach to our staffing requirements during the downturn. Too often, we see companies cutting too deep into the bones of an organization during tough times. If you cut too deep, you won’t have seasoned employees in place to capitalize on opportunities as quickly. With the right core talent on board, you can be proactive and win when deals come along.

We can all breathe a collective sigh of relief that the market is showing positive signs of momentum, but not to the level we had for a long time. Use this time wisely, to fine tune your business processes and strategies. You will be ready when the next big deal comes along.

For more information about Lincoln Property Company — Desert West Region, visit www.lpcphx.com.