Tag Archives: lincoln property

Freeport Distribution Center, HFF, WEB

Freeport Distribution Center sells for $12.17M

HFF announced today that it has closed the sale of Freeport Distribution Center, a two-building, 219,240-square-foot distribution center in Phoenix.

HFF marketed the property on behalf of the seller, IDI Gazeley, part of Brookfield Logistics Properties under the Brookfield umbrella.  An affiliate of Lincoln Property Company purchased the center for $12.17 million free and clear of existing debt.

Freeport Distribution Center is a light industrial center situated on 10.92 acres at 5240 and 5302 West Buckeye Road in southwest Phoenix.  The asset is located less than two miles away from Interstate 10.  Built in 1989 and expanded in 1996, the property includes ceiling heights of 25 feet at 5240 West Buckeye and 28 feet at 5302 West Buckeye, a shared truck court depth ranging from 240 to 260 feet, oversized ramp doors and fenced yards.  The center is leased to four tenants, including Nestle Waters North America Inc.; Hardwoods Specialty Products US LP; Moulding & Millwork, Inc., Pacific; and INS Brokers, Inc. dba ViaTek Solutions.  The property was 72-percent occupied at the time of closing, providing significant additional value through lease up.

The HFF investment sales team was led by managing director Ryan Martin along with senior managing directors Anthony J. Brent and Brett Tremaine, director Ryan Fitzpatrick and associate director Tom Simmons.

AZRE Newsmakers

Newsmakers: AZRE Magazine May-June 2012

Find out about Arizona’s newsmakers for May/June 2012

newsmakers - canada, oconnell, poulin» McCarthy Building Companies has appointed Scott Canada to the merit review committee for the SunShot Concentrating Solar Power R&D funding opportunity solicitation in Phoenix. The initiative is an aggressive research and development plan led by the U.S. Department of Energy and aimed at developing solar technologies to meet a levelized cost of energy target of 6 cents/kWh without subsidy by 2020. McCarthy also promoted two associates to project directors. They are Lee O’Connell in Albuquerque and Steve Poulin in Tempe.

newsmakers - morrow» Voit Real Estate Services appointed Donald Morrow as managing director of the firm’s Phoenix operations. Morrow will oversee all aspects of Voit’s operations in the Phoenix market, including brokerage, asset and property management. Prior to joining Voit, Morrow served as a partner at Biltmore Holdings.

» Sundt Construction chairman and former CEO J. Doug Pruitt was named among the recipients of the prestigious 2012 Golden Beaver Award. Pruitt received the Management Award from The Beavers, a heavy civil engineering construction association. He retired as CEO of Sundt in September 2011, but remains involved with the company serving as chairman. Sundt also added Tom Auay-Fuay to serve as project manager in the Southwest. He will concentrate his efforts on preconstruction activities relating to mining and industrial construction projects.

» Commercial Properties Inc. (CPI) hired John B. Daley, who brings 30 years of commercial, retail, office and industrial real estate experience. Daley has coordinated some of the largest commercial real estate deals in Arizona. CPI also was selected by CoStar Group as recipient of a CoStar Power Broker Award. In addition, four brokers won individual awards as Top Industrial Leasing Brokers. They include Leroy Breinholt, Darin Edwards, Cal Johnson and Eric Jones.

» The Arizona Builders’ Alliance was honored by the Associated General Contractors of America as a 2011 Community Award recipient, one of 13 organizations recognized as the construction industry’s best charitable work. The ABA Community Board supported four projects in 2011.

newsmaker - byrd» Lincoln Property Company hired Tina Byrd as property manager in the Desert West Region office in Phoenix. Byrd is responsible for managing the newly renamed and remodeled Camelback Square.

» CBRE announced that Ike Isaacson has been named the new leader for its Tucson office and the Southern Arizona market. Isaacson has nearly 15 years of commercial real estate experience in the Tucson market, specializing in the leasing and sale of office, medical and R&D buildings.

» Erin Harper joined Alliance Project Advisors as senior project manager in Phoenix. Prior to joining Alliance Project Advisors, Harper worked with CBRE Global Corporate Services on site at American Express’ TRS Division since 1996. She has more than 20 years of project management experience.

newsmakers - gaylord, hawks, bladine» Jennings, Haug & Cunningham expanded its legal services with the addition of a prominent Arizona environmental law practice group. The three attorneys include senior partner Karen Gaylord, Ronnie Hawks and Janis Bladine. They have been representing clients in environmental law.

» Scottsdale-based MC Companies has announced the new joint venture with Phoenix-based Clark-Wayland Construction. This venture will focus mainly on development and construction of new multi-family projects in Phoenix and Tucson. The combined company has more than 75 years construction experience and has built more than 25,000 units in Arizona.

newspaper - plapp» Colliers International announced that senior associate Danny Plapp joined the office properties team of Charles Miscio, Greg McMillian and Niki Ward. Plapp will focus on procuring new tenants for property owners, while working with the specific needs of users. He joins Colliers from LevRose Commercial Real Estate in Scottsdale. Plapp has more than four years of commercial real estate experience, specializing in office properties.

» Carlyle Development Group announced a leasing and management team for the newly acquired Metrocenter in Phoenix. This team includes the addition of Brent Meszaros as general manager, real estate veteran Anita Blackford as senior VP of leasing, and locally based Phoenix Commercial Advisors as Metrocenter’s exclusive retail broker representative.

» Gensler added three new associates to its Phoenix staff. They include Jennifer Gozzi, interior designer; Lori Stenguist Johnson, project coordinator; and Stephanie Gomez, marketing manager.

AZRE Magazine May/June 2012

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.