Tag Archives: Lincoln Property Company

Freeport Distribution Center, WEB

Lincoln Property Co. acquires Freeport Distribution Center

Lincoln Property Company (LPC) has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix. Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51st Avenue, just minutes from the Phoenix Sky Harbor International Airport.

The project is a close-in infill site offering immediate connectivity to the I-10, I-17 and Loop 303 freeway. It boasts a strong tenant roster that includes Nestle North America and two Canadian-based, construction industry credit tenants: Moulding & Millwork (a subsidiary of Metrie) and Hardwoods Specialty (a subsidiary of Hardwoods Distribution, Inc.)

LPC purchased Freeport Distribution Center from Atlanta-based IDI Gazeley Brookfield Logistics Properties and California-based BlackRidge Real Estate Group. Brett Tremaine, Anthony Brent, Ryan Martin and Tom Simmons from HFF represented the seller. LPC will provide exclusive property management services for the new acquisition.

“Phoenix’s southwest Valley is an extremely sought-after industrial real estate submarket,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “Freeport Distribution Center is a great example of the submarket’s strength and its potential to become even stronger as its key assets continue to stabilize.”

Krumwiede quickly engaged LPC’s property management team to capitalize on the project’s potential, and is looking for additional opportunities across the Southwest to do the same. “As a medium-size bay project, Freeport provides a nice balance to our regional portfolio. It is a welcome part of our company’s continued growth.”

“Freeport Distribution Center allows LPC to do what we do best, which is to bring a good asset up to its maximum value,” added Lincoln Property Company’s Director of Management Services Alisa Timm, who oversees a more than 6.5 million-square-foot management portfolio for the company’s Desert West Region. “We do this by providing the services that today’s owners need most: financial savvy, positive relationships and creative ideas that keep tenants and buildings at the top of their game.”

Located on approximately 11 acres at 5240 and 5302 W. Buckeye Road in Phoenix, Freeport Distribution Center includes one 135,114-square-foot industrial building and one 84,126-square-foot industrial building. The project features 25 – 28-foot clear heights, ESFR sprinkler system, front-load configuration and 240 – 260-foot shared truck court.

Camelback Square, WEB

National tech company signs 30KSF lease in downtown Scottsdale

Lincoln Property Company signed a 30,000 SF lease with a nationally platformed technology tenant at the Camelback Square office project in downtown Scottsdale. The confidential tenant commitment brings the Class-A building to 95 percent occupancy.

Bill Blake, Craig Coppola, Andrew Cheney, Colton Trauter and Gregg Kafka of Lee & Associates serve as the listing team for Camelback Square. Bryce Terveen of CBRE represented the tenant.

“Downtown Scottsdale is a truly unique combination of business, dining, shopping and entertainment,” said Lincoln Property Company Vice President Amr Ceran. “It is easy to understand why companies want to locate here, and we do all we can as an owner/manager to make sure we’re complimenting that choice with very positive tenant relationships and lease deals that are a win-win scenario for everyone.”

With the new lease, the 172,690-square-foot, three-story Camelback Square is now 95 percent occupied to tenants including Regus, Echo Global Logistics, Paramount Financial, Ashton Woods, Carefree Financial, Barker Education and Mastro’s City Hall Steakhouse.

“This is a very stabilized occupancy position for Camelback Square, even when compared to South Scottsdale’s recovering office vacancy rate, which is performing competitively in the low teens,” said Ceran.

LPC and Los Angeles-based investment firm Oaktree Capital Management purchased Camelback Square out of special servicing in June 2011. Since that time, LPC has completed a major renovation including new building entrances, lobby and common area finishes, a courtyard fountain and furniture, and upgraded building signage. As property owner and manager, LPC also initiated an aggressive leasing plan that moved the project from just 50 percent occupied to almost 100 percent occupied.

Camelback Square is located at 6991 E. Camelback Rd., at the southwest corner of Camelback and Scottsdale roads. It sits adjacent to the 2 million-square-foot Scottsdale Fashion Square regional mall and includes on-site amenities such as the award-winning Mastro’s City Hall Steakhouse, a casual deli and a building conference room.

AZGF 10x4, WEB

Lincoln Property Co. wins International BOMA Award

Lincoln Property Company (LPC)’s LEED Platinum Arizona Game & Fish (AZGF) Department Headquarters in Phoenix is among only 14 buildings from across the world to earn an International BOMA “The Outstanding Building of the Year” (TOBY) award at this year’s BOMA conference, held last week in Orlando, Fla.

From left to right: Jamie Britton (Kimberly Clark, TOBY Award Sponsor), Steve Harrison (BOMA Fellow), Megan Watkins (accepting award for LPC and also is the BOMA Phoenix Vice President),  Susan Engstrom (BOMA Phoenix member and International Executive Committee Member), Karen Piper (BOMA Phoenix President), Mark Covington (BOMA Phoenix BAE),  Richard Greninger (BOMA International Chair & Chief Elected Officer).

From left to right: Jamie Britton (Kimberly Clark, TOBY Award Sponsor), Steve Harrison (BOMA Fellow), Megan Watkins (accepting award for LPC and also is the BOMA Phoenix Vice President), Susan Engstrom (BOMA Phoenix member and International Executive Committee Member), Karen Piper (BOMA Phoenix President), Mark Covington (BOMA Phoenix BAE), Richard Greninger (BOMA International Chair & Chief Elected Officer).

The TOBY awards are directed by the Building Owners and Managers Association (BOMA) and are the industry’s most prestigious honor for excellence in building quality and management. Competitors for this year’s international award came from as far away as Beijing, China.

“This event is the Super Bowl of building awards,” said Megan Watkins, Lincoln Property Company’s Senior Property Manager and Vice President of the Arizona BOMA chapter. “It was clear that every winning team took great pride in their building and was honored for the recognition. I was equally honored to accept an international award on behalf of LPC while presenting the AZGF building to the world.”

“This award couldn’t have happened without the work of an outstanding team, led by LPC’s Senior Property Manager Lauren Grant, Mark Weise at the AZ Game and Fish building and all of our vendor partners,” added Lincoln Property Company’s Director of Management Services Alisa Timm. “BOMA leads our industry in promoting excellence, and LPC is proud to be a part of it.”

This is the first time that the Desert West Region of LPC has earned a BOMA award at the international level. The win follows the company’s recent local and regional TOBY wins for the AZGF project in the Government Building Category. It is a particularly significant recognition for LPC, as the company is both the project’s property manager and its original developer.

The AZGF headquarters totals 117,115 square feet at 5000 W. Carefree Highway in Phoenix. It was developed by LPC in 2007 and is the first-ever project to achieve LEED Platinum certification nationally for the organization. The property is owned by the Arizona Wildlife Finance Corporation and managed by LPC.

LPC’s property management effort at the AZGF headquarters includes a strong, longstanding partnership and forward-thinking processes that emphasize a healthy, cost-effective and productive workplace. Examples include a law enforcement branch, 24-hour fitness center, bunkhouse for visiting employees, facility and safety guidelines, and robust communications channels like intranet, web and group email systems that generate the fastest possible response times for maintenance and management needs. LPC also works hand-in-hand with AZGF to give back to the community through local organizations and volunteer opportunities. These efforts, combined with a strong on-site presence, have generated a 95 percent tenant satisfaction rate and routine 100 percent ratings for maintenance-related needs.

Harvard-LPC-Riverview, WEB

Harvard, LPC partner on final Riverview Point phase

Harvard Investments announced today that it will partner with Lincoln Property Company (LPC) to develop the second and final phase of Riverview Point, a Class-A office project directly adjacent to the 250-acre Mesa Riverview mixed-use property in Phoenix’s booming Southeast Valley.

Harvard Investments purchased the 19.55-acre land parcel for the new project from Montana Avenue Capital this week. In conjunction with LPC, Harvard Investments will build two new, Class A office buildings on the site: a three-story, 150,000-square-foot building and a two-story, 105,000-square-foot building. LPC will direct development of the project. It will also market the opportunity to build-to-suit prospects and anchor tenants.

“This project represents all of the things that make the Southeast Valley so exceptional–retail, dining, entertainment, and corporate environments, all linked by some of the state’s best educational assets and busiest transportation corridors,” said Harvard Investments President Craig Krumwiede. “These are key elements in an investment project, and they are what will make this property a strategic opportunity for companies looking for that next great address.”

“We’re operating within an area that continues to show—and grow—its ability to attract amenity-driven office tenants and make a positive, notable impact on greater Phoenix’s economic recovery,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “This project will be no exception. Its timing and location are perfect for a development that will anchor this market for years to come.”

Dave Carder, Luke Walker and Eric Schultz, from the Phoenix office of CBRE, brokered the land transaction and will assist with the project’s marketing and leasing efforts. The Davis Experience serves as the project architect and Wespac Construction serves as the general contractor.

“We are very excited to work with Harvard and Lincoln on this new endeavor,” said Carder. “Momentum and demand for large blocks of Class A office space have returned to the office sector in force, and along with it great opportunity to create exceptional next-generation business environments.”

The new Harvard-LPC development is located on the borders of Mesa, Tempe and Scottsdale, just six miles east of Phoenix Sky Harbor International Airport and accessed via Loop 101 at Rio Salado Parkway and via two full-diamond interchanges along the Loop 202 at Dobson and Alma School roads. It is directly east of Mesa Riverview, a 1.3 million-square-foot retail, hospitality and entertainment complex. It is also less than one mile from the new Cubs Spring Training Facility and the newly reconfigured Riverview Park, which includes an innovative playground, six-acre lake and pedestrian path that connects the park and lake to the stadium.

When completed, the new Harvard-LPC office buildings will join an existing Hyatt Place Hotel, two existing, two-story office buildings that are approaching 90 percent occupancy, and a planned 180-room, luxury brand Sheraton Hotel scheduled to open in March 2015 and including amenities such as full-service restaurants, bars, swimming pool, fitness facility and more than 30,000 square feet of meeting and event space.

AZGF 10x4, WEB

Lincoln Property Co. advances to international TOBY awards

The Desert West Region of Lincoln Property Company (LPC) has advanced to the international “The Outstanding Building of the Year” (TOBY) awards competition for its management of the Arizona Game & Fish (AZGF) Department Headquarters in Phoenix. The awards program is directed by the Building Owners and Managers Association (BOMA) and is the industry’s most prestigious honor for excellence in building quality and management.

Arizona Game and Fish Department Headquarters

Arizona Game and Fish Department Headquarters

LPC earned a local TOBY award for the AZGF project (in the Government Building Category) in November 2013. It then advanced to the regional TOBY awards, which it also won. LPC will now move on to the BOMA/TOBY international competition, held this June in Orlando, Fla.

“We have been a part of the Arizona Game & Fish property from day one—first as its developer and then, for the past seven years, as its sole property manager,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “Our longevity and relationships here make this a very special honor for us.”

The AZGF headquarters totals 117,115 square feet at 5000 W. Carefree Highway in Phoenix. It was developed by LPC in 2007 and is the first-ever project to achieve LEED Platinum certification nationally for the organization. The property is owned by the Arizona Wildlife Finance Corporation and managed by LPC.

“This headquarters serves as a functioning business operation for Arizona Game & Fish and as their grassroots outreach point to the community,” said Lincoln Property Company’s Director of Management Services Alisa Timm. “It has been a pleasure to share this project’s story with the U.S. commercial real estate industry. We’d be privileged to share the story with the world as well, with a win at the BOMA international competition.”

LPC’s property management effort at the AZGF headquarters includes a strong, longstanding partnership and forward-thinking processes that emphasize a healthy, cost-effective and productive workplace. Examples include a law enforcement branch, 24-hour fitness center, bunkhouse for visiting employees, facility and safety guidelines, and robust communications channels like intranet, web and group email systems that generate the fastest possible response times for maintenance and management needs. LPC also works hand-in-hand with AZGF to give back to the community through local organizations and volunteer opportunities. These efforts, combined with a strong on-site presence, have generated a 95 percent tenant satisfaction rate and routine 100 percent ratings for maintenance-related needs.

Dick's Sporting Goods distribution warehouse, Goodyear

Industrial Evolution: West Valley poised for land grab

Dick’s Sporting Goods built a 720KSF distribution center in Goodyear to service its West Coast stores.

A California-based investor erected a 400KSF spec shell in Surprise’s Southwest Railplex business park.

Corporate giants, Macy’s, Amazon, Sub-Zero, Marshall’s/TJ Maxx, Southwest Products and WinCo have landed or expanded their vast West Valley industrial operations within the last two years.

Even more companies are eyeing potential stakes in the burgeoning industrial parks springing up in once sleepy bedroom communities west of Phoenix.

With the recession in their rear-view mirrors, local, national and international companies are revving up manufacturing and distribution operations, and the West Valley is poised to be a big beneficiary of their expansion plans.

Justin LeMaster, Cushman & Wakefield

Justin LeMaster, Cushman & Wakefield

Available and affordable land, a deep labor pool, business-friendly state and local governments and top-notch transportation corridors contribute to the West Valley’s desirability, said Justin LeMaster, Cushman & Wakefield’s director for industrial properties.

Farsighted developers are already master-planning vast spreads of land, setting up infrastructure and even building large-scale spec structures that can accommodate another industrial giant or get sliced and diced to accommodate several smaller operations.

The developers — along with city and state economic development specialists — want their properties primed to snag the business when the lookers become movers, LeMaster said.

“Smart, creative developers will make the West Valley a successful high-growth market for years to come,” he said.

The numbers confirm the trend.

An impressive 4.5 MSF — nearly 94 percent of the metro area industrial construction started or completed in 2013 — is in the West Valley, according to Jones Lang LaSalle’s Q4 Industrial Report.

Q4 absorption was 1.96 MSF, and only 15.3 MSF of the West Valley’s 90.7 MSF total industrial inventory was still available at year’s end.

Nevertheless, 4.5 MSF is a significant amount of new inventory for a post-recession market, and, in fact, it boosted Valleywide industrial vacancy rates above 12 percent.

Anthony Lydon, Jones Lang LaSalle

Anthony Lydon, Jones Lang LaSalle

Industry experts aren’t worried.

“The new, grown-up, industrial tenants coming to market right now are looking for 300KSF, 400KSF and above,” said Anthony Lydon, Jones Lang LaSalle managing director for Supply Chain & Logistics Solutions.

Less than half of the West Valley’s available space meets that criteria, and a few big employers could snatch that up in a flash, he said.

Like LeMaster, Lydon expects that to happen sooner rather than later.

“Over the next 24 to 36 months, the Valley, and the West Valley in particular, will see significant new job creation,” he said.

So what makes the West Valley suddenly so attractive to the industrial users?

“Economics and location,” said Pat Feeney, CBRE senior vice president for industrial services.

Cost is key
Of the metro area’s three major industrial hubs ­— the airport area, the Tempe/Chandler corridor and the West Valley — the first two are nearly out of developable land, Feeney said. And scarcity makes that land pricey, especially for a large user.

Pat Feeney, CBRE

Pat Feeney, CBRE

A skilled and diverse labor force that moved west when the home builders did is another major factor, he said.

“Nearly 70,000 people live in Goodyear, but only 14,000 or 15,000 work in Goodyear,” Feeney said.

When big employers like Sub-Zero, Amazon and Macy’s held job fairs for their new West Valley digs, they typically attracted eight to 10 qualified applicants for every position, he said.

“They all shared that they were so happy they could pick the cream of the crop,” Feeney said. “It’s a really big draw.”

David Krumwiede, Lincoln Property Company

David Krumwiede, Lincoln Property Company

Staffing a large warehouse is a major economic concern, especially for companies with labor-intensive, e-commerce picking systems, said David Krumwiede, executive vice president for Lincoln Property Company, which owns 6 MSF in its four-state Desert West Region, 2.4 MSF of that in the West Valley, including Goodyear AirPark and 10 Lincoln.

Arizona’s main competition for the big industrial users looking to establish or expand operations in the West is California’s Inland Empire, Krumwiede said.

While the Inland Empire’s construction costs are comparable to Arizona’s, labor costs in Arizona, a right-to-work state, are much lower, he said.

“We are extremely competitive with California’s Inland Empire if a user has more people than trucks,” Krumwiede said.

And big energy consumers, such as companies employing sophisticated e-commerce logistics technology, can save as much as 30 percent to 40 percent in operating costs by locating in Arizona instead of California, Lydon said.

But possibly the biggest economic incentive for many industrial users is Arizona’s much more favorable tax basis, Krumwiede said.

All of the West Valley’s large planned business hubs have designated areas that are Foreign Trade Zone capable, and that’s a big selling point for companies that do significant international business in parts or products, Krumwiede said.

“If a company qualifies, it can see a 72 percent reduction in property taxes,” Feeney said. “It’s a tremendous benefit.”

And a benefit none of the nearby states can offer, he said.

Such issues make Arizona, especially the West Valley, where land is available and affordable, a clear economic winner over California.

Location, location, location
Second only to the West Valley’s attractive economics, is its advantageous location, less than half-a-day’s drive from the southern California ports — a major consideration for retailers and e-commerce leaders like Amazon, as well as manufacturers like Sub-Zero, according to the experts.

Rob Martensen, Colliers International

Rob Martensen, Colliers International

“If you can get out of traffic and get closer to the ports in Los Angeles and Long Beach, you can make that in six hours,” said Rob Martensen, Colliers International vice president.

That means truck drivers can log a round trip and still stay within federal guidelines regarding length of time on the road, a feat not so easy to accomplish from the East Valley.

And for companies distributing products regionally — Macy’s or Dick’s Sporting Goods, for example — the completion of the Loop 303 will forge the final freeway link that can speed trucks to and around cities and states north and west of Phoenix.

“It will open the gateway,” LeMaster said. “Companies want to be in Phoenix, and the West Valley will be the industrial hub of Phoenix with the (Loop 303/I-10) interchange.”

Overall, the combo of favorable attributes will ensure the West Valley lands on the short list for large and small industrial users for the next decade or so, Krumwiede said.

“The companies that are already out there — Amazon, Target, Costco, PetSmart, Staples, Macy’s — are all household names. It’s a great start. We’ll see more of those,” he said.

“My vision is that a lot of that vacant land will be put into production in the next five to 10 years.”

Game and Fish, WEB

Lincoln Property Company Grows Portfolio to Highest Point in Office’s History

The Desert West Region of Lincoln Property Company (LPC) this week pushed its management portfolio to the highest point in the office’s history with the assignment of 7025 North Scottsdale. Under the leadership of new Director of Management Services Alisa Timm, the firm also retained 100 percent of its nearly 6 million-square-foot portfolio in 2013 through multiple sales transactions, and expects continued and significant expansion in 2014.

 

Alisa Timm

Alisa Timm

The announcement came on the same day that LPC earned The Outstanding Building of the Year (TOBY) award by the Building Owners and Managers Association (BOMA) for management of the Arizona Game and Fish (AZGF) Department Headquarters. Located at 5000 W. Carefree Highway in Phoenix, LPC developed the project in 2007. It was the first-ever project to achieve LEED Platinum certification nationally for the organization and LPC has retained the management assignment for the campus ever since.

We are known as a very successful property developer and owner, but we are also an exceptional property manager. In fact, 50 percent of our portfolio is third-party management,” said Timm, a 25-year industry veteran. “That we have retained these clients year after year, and through changes in ownership, is noteworthy and extremely unusual in a rising market like Phoenix, where volatility is increasing.”

Because LPC also owns and develops projects, we approach management assignments with an ownership attitude, which is different than other firms,” added Lincoln Property Company’s Executive Vice President David Krumwiede. “I consider our team the most elite managers. We have the talent, and we give our experts the time and resources they need to fully commit to a project’s goals in a very sophisticated way.”

For AZGF, this includes a strong partnership and forward-thinking processes that emphasize a healthy, cost-effective and productive workplace. Examples include a 24-hour fitness center, bunkhouse for visiting employees, facility and safety guidelines, and robust communications channels like intranet, web and group

AZ Game and Fish

AZ Game and Fish

email systems that generate the fastest possible response times for maintenance and management needs. LPC also works hand-in-hand with AZGF to give back to the community through local organizations and volunteer opportunities. These efforts, combined with a strong on-site presence, generate a 95 percent tenant satisfaction rate and routine 100 percent ratings for maintenance-related needs.

LPC’s management portfolio now also includes 7025 North Scottsdale. Totaling 91,148 square feet, the three-story, Class A office building provides direct frontage to Scottsdale Road, adjacency to market-leading amenities and prime mountain views. LPC’s new Senior Property Manager, Lauren Grant, will oversee the project. With almost 10 years of commercial real estate experience, Grant has managed more than 2 million square feet of Class A office and retail product in Arizona and California.

The new assignment joins an LPC property management portfolio that also includes contracts retained through sales transactions of Broadway 101 Commerce Park, an 11-building, 808,000-square-foot mixed-use project in Mesa, Ariz., and Sky Harbor Business Center (formerly Lincoln Sky Harbor), a 130,000-square-foot project located next to Phoenix Sky Harbor International Airport.

Property management is paramount to a building’s success, but it becomes particularly critical in challenging economic times,” said Timm. “We are honored that our clients retain us year after year. You know you are succeeding when owners come back to you time and again.”

Under direction by Timm, LPC expects to continue to grow that presence in 2014, with an emphasis on office, industrial and retail assignments, and with plans to grow its new Las Vegas office as well as expand into Utah and New Mexico in the next 24 months.

10 Lincoln, Lincoln Property Company

LPC Developments Bring 5,000 Jobs to West Valley

Just two weeks after unveiling its plans to develop a major new business park in Goodyear, Ariz., Lincoln Property Company (LPC) has announced another new business park project, 10 Lincoln.
10 Lincoln will total more than 1 MSF on 72 acres. The development consists of five buildings ranging in size from 80 KSF to 500 KSF, with anticipated uses of distribution, e-commerce, manufacturing assembly and retail.
Together with LPC’s just-announced Goodyear AirPark, the firm now offers approximately 340 acres of active West Valley industrial opportunities, with the potential to bring more than 5,000 new jobs to the Phoenix market.
“Phoenix’s West Valley submarkets are becoming increasingly well known as convenient, cost effective sites for some of the nation’s largest distribution and e-commerce firms,” said Lincoln Property Company’s Executive Vice President, David Krumwiede. “We expect this demand to only continue, and will approach these new business parks accordingly. Ultimately, we see both as multi-year projects—ones that will allow us to offer local and national clients with the best shovel-ready land in the Southwest.”
10 Lincoln is located at 83rd Avenue in Phoenix, directly fronted by Interstate 10 to the north and bordered by Van Buren Street to the south. The project is Foreign Trade Zone capable, offering the potential for a 75 percent reduction in real and personal (equipment) property tax. Immediate corporate neighbors include Amazon, PetSmart, Cardinal Health, Target, Bose, Home Depot, Costco, Living Spaces and Sysco. Butler Design group has provided the project site plans. The site sits at a full diamond interchange.
“This is one of the West Valley’s last close-in, still undeveloped industrial parcels,” said Jones Lang LaSalle Managing Director Marc Hertzberg, who along with Jones Lang LaSalle Managing Director Anthony J. Lydon serve as the exclusive marketing coordinators for the project. “It is surrounded by established commercial and residential development, giving incoming companies a built-in employment and amenities base, and allowing 10 Lincoln to immediately begin serving and employing those who live and work nearby.”
The announcement of 10 Lincoln falls just two weeks after plans were unveiled for Goodyear AirPark, a 267-acre business park located just south of the southwest corner of Litchfield Road and the newly widened Highway 85, and directly south of the Goodyear Airport. LPC is the exclusive developer for the project, which is a joint venture with Carefree Partners Investments.
M

Lincoln Property Company Sells Project Near Sky Harbor Airport

Lincoln Property Company announced the sale of Lincoln Sky Harbor to LTJ Skyline/Grand Stable and Carriage.  Lincoln Sky Harbor is situated on 7.57 acres and consists of three buildings totaling approximately 130,000 SF.  The property is located at the northwest corner of 16th Street and Interstate 17, in Phoenix, and neighbors Phoenix Sky Harbor International Airport.

Phoenix Sky Harbor International Airport is ranked as one of the nation’s top 10 busiest airports for passenger traffic with a $79M daily economic impact. “Being adjacent to one of the nation’s top ten busiest airports has been a key factor to the success of the development,” said David Krumwiede, Executive Vice President, Lincoln Property Company.

Noted as a successful in-fill project, the industrial project was developed by Lincoln Property Company in partnership with INVESCO, a leading independent global investment management firm operating in more than 20 countries.

“Lincoln Sky Harbor is an attractive investment for many reasons, including the stable tenant base, the freeway exposure and proximity to Phoenix Sky Harbor International Airport,” continued Krumwiede.  “This infill project is one of many Lincoln projects that have capitalized on under-utilized properties.”

Lincoln Property Company was awarded the “Spec Industrial Development of the Year – 100,000 to 250,000 SF” for the Lincoln Sky Harbor project by the Arizona Chapter of the National Association of Industrial and Office Properties (NAIOP).

The property is 93.4% occupied with tenants such as GardaWorld, one of the top 10, fastest-growing security companies globally. GardaWorld is headquartered in Montreal, Canada, and provides business solutions and security services around the world.  Other tenants include Premier Lighting, 1-800-Flowers and The Synthetic Grass Store. Lincoln Property Company will continue to manage the property under the new ownership.

“LPC is pleased to continue serving as the property manager,” said Alisa Timm, CPM, Director of Management Services, Lincoln Property Company.  “Lincoln is known for managing properties with the philosophy of making decisions as if the asset was our own.  LPC will continue to provide the highest level of management service to the new ownership.”

Lincoln Property Company was represented by Daniel P. Calihan, Pat Feeney, Joe Porter III, and Rusty Kennedy of CBRE.  LTJ Skyline/Grand Stable and Carriage negotiated on their own behalf.

N:BDG201313089PresSITE13089-ST02 Work (1)

Collaboration Leads to 267-Acre Goodyear AirPark Industrial Site

David Krumweide

David Krumweide

Lincoln Property Company and industrial specialists in the Phoenix office of Jones Lang LaSalle (JLL) have collaborated to attract corporate design/build projects to a major new, multi-employer business park named Goodyear AirPark in Goodyear, Ariz.

The announcement comes on the heels of a joint venture formed between LPC and property owner Carefree Partners Investments. LPC will be the project’s design-build developer, based on the firm’s national scope, local office accessibility and ability to deliver an array of high-end design-build products. Jones Lang LaSalle Managing Directors Anthony J. Lydon, SIOR, and Marc Hertzberg, SIOR, serve as the project’s exclusive marketing coordinators.

The project, at build-out, has the potential to add approximately 4,000 new jobs to the market.

We’re on the front end of the next wave of industrial building,” said Lincoln Property

Click for larger view.

Click for larger view.

Company Executive Vice President David Krumweide. “It is the opportune time to capture employer interest and make very big, very positive, very lasting contributions to the Valley’s job growth.”

Goodyear is the Valley’s gateway from Southern California. Employers seeking new space solutions in Arizona can take advantage of our 30 to 40 percent operational cost savings, and the 267 acres of shovel-ready land that Goodyear AirPark provides to respond to their demand,” said Lydon. “LPC also has the financial and construction expertise to build exactly what corporate employers need, whether it is office, industrial, flex or research space. That gives us tremendous leverage toward our mission: to attract businesses that will provide long-term value to the greater West Valley market.”

According to JLL, only 10 percent of Goodyear’s 189 square miles is currently developed, offering significant opportunity for site selection and design-build activity. Current nearby industrial employers include Amazon, Macys, SubZero, Cancer Treatment Centers of America and Dick’s Sporting Goods.

Goodyear AirPark is located just south of the southwest corner of Litchfield Road and the newly widened Highway 85, directly south of the Goodyear Airport. Its 267 acres include flexible/divisible lot sizes with Highway 85 frontage and direct access to I-10 (via the I-10 reliever highway), a bicoastal, federal corridor that serves as the metro area’s main transportation artery. The site is also in close proximity to I-8 and the proposed Loop 202 and under construction Loop 303 freeways.

Goodyear AirPark offers variable zoning and is Foreign Trade Zone capable, which translates into a potential 75 percent reduction in real property tax and personal property (equipment) tax and duty deferral or elimination.

rsz_final_camelback_square_main_photo_11-1-12

Regus Lease At Camelback Square One Of Largest Deals In Scottsdale In Past 18 Months

 

Regus, the world’s largest provider of flexible workspace for business, is the newest tenant to lease at Camelback Square, selecting a 16,000 SF premises.

Camelback Square is a 172,690 SF, three-story building, owned and managed by Lincoln Property Company. The project is at 6991 E. Camelback Rd. across from Scottsdale Fashion Square. Home to Mastro’s City Hall, the project is just west of the prestigious intersection of Scottsdale and Camelback roads in Scottsdale.

Regus continues to expand and capitalize on the growing demand from entrepreneurial business ventures, start ups and small businesses. Regus has more than 1,500 locations in 600 cities worldwide.

Regus’s global network of workspace, which allows businesses to explore new opportunities without the upfront capital investment or long-term risk, recently opened for business in their 100th country, Nepal. In Metro Phoenix, this new Regus suite is the 18th location in the company’s network of flexible workspaces.

In addition to the anticipated increase in small business activity Regus’ expansion signals, this 16,000 SF deal is one of the largest lease deals in the past 18 months in the Scottsdale submarket and represents an upward trend in commercial real estate volume in the Camelback Corridor.

:This transaction brings Lincoln’s Camelback Square property up to 85% occupancy, making our performance significantly better than the 24% vacancy rate in the Phoenix market as a whole,” said David Krumwiede, Executive Vice President, Lincoln Property Company. “In fact, we’ve seen a 15% increase in occupancy over the past year in this highly sought-after property.”

“We’ve seen a lot of activity with tenants relocating within this desirable Scottsdale submarket,” said Amr Ceran, Vice President, Lincoln Property Company. “Tenants are looking for the high quality real estate that Camelback Square offers.”

The CBRE team of Jim Fijan, Jerry Roberts and Corey Hawley represented the landlord. Tom Adelson and Kevin Calihan of CBRE represented the tenant.

 

 

azcrew

Cultivating and Connecting: AZCREW

As the business environment in commercial real estate is changing, so is the mission and vision of AZCREW, the Valley group comprised of professional women in the industry.
Leadership development, education, networking and business development are but a few of the organization’s building blocks. Building a strong member base, embracing social media and branding are important as well.
Ericka LeMaster, senior vice president of Commercial Real Estate Finance at Alliance Bank of Arizona, been an active member for four years and is chair of the Programs Committee. AZCREW provides the platform, she says, “Where I can (with our very talented committee) exercise my passion for selecting educational tropics and arrange the high-quality luncheon speakers.
“Through being an active participant, I have had the pleasure to provide lending services to some of our members’ customers as well as refer new business to our title and legal membership base,” she adds. “Aside from new business opportunities I have made friendships that will survive my career in commercial real estate finance. AZCREW is driven by passionate professionals and I am proud to be a part of this organization.”
Since becoming involved with AZCREW, says Krystal Dill, marketing manager at Lincoln Property Company, she has experienced countless opportunities to grow professionally, make new connections and build great relationships.
“As a member of the (national) Crew Network, AZCREW is a wonderful resource for women in commercial real estate that offers access to local and national networks to cover every aspect of a transaction,” Dill says. “The organization encourages leadership and fosters success among its members. This is especially true of our committees where team members work together at a common mission to achieve specific goals.”
Upon membership, Dill signed on to the PR/Outreach Committee and was asked to serve as co-chair with Jackie Orcutt of Cushman & Wakefield. The committee is charged with overseeing community outreach, attracting new members, preparing quarterly newsletters and promoting AZCREW.
“Last year we were asked to plan the inaugural fundraiser event for scholarships to benefit the MRED program at Arizona State University,” Dill says. “We partnered with the AZCREW Special Events Committee to create a festive, elaborate and successful Black and White Affair. The event exceeded all expectations, enhanced brand awareness, built a partnership with ASU and benefitted terrific students.”
Programs offered by both the local and national organizations provide excellent education opportunities, says Cathy Teeter, acting market leader for Cushman & Wakefield of Arizona. AZCREW advocates a closing of the industry’s gender gap through quality leadership and respected professionalism. “AZCREW provides an invaluable resource and platform for not just women in the marketplace, but for the industry as a whole,” Teeter says.
“This organization improves the commercial real estate field by encouraging diversity and providing career development opportunities for dynamic women.
“Personally, I have found the networking system of AZCREW to be very important,” she says. “The monthly luncheons are informative and the subject matter is always timely. The social components, such as the annual charitable golf tournament and mixers, provide wonderful avenues to build relationships. The group encourages positive, professional relationships with all members of the real estate community.”
AZCREW is unique in that it brings people together from all sectors of the real estate industry. At any given luncheon, Teeter says, “you can sit at the table with your banker, attorney, broker or property manager.
“AZCREW has been very successful over the years, as demonstrated by the impressive number of females serving in leadership roles throughout the Metro Phoenix real estate market,” Teeter adds.
Little did she know years ago when Edythe Higgins of Wells Fargo encouraged her to join did Melinda Hinkson, business development, Sigma Contracting, that she would find AZCREW — and CREW — to be so fulfilling on so many levels.
“As a business owner and industry participant, I have benefitted not only from the networking but also the educational opportunities that CREW provides,” Hinkson says. “Even so, I am only in my infancy with the CREW Network, because there is much more opportunity and support through the national network that I have yet to avail myself of. There are annual conventions, leadership meetings, a deal database, professional development training, speaking, writing and leadership opportunities and awards programs, in which I have yet to participate.
“All of that provides me with many additional tools and opportunities for both personal and professional growth as I go forward within the CREW organization.”
Locally, Hinkson participates on the membership committee helping AZCREW grow its membership. She is also on the Golf Committee, which plans and runs the organization’s annual charity golf tournament, held at Gainey Ranch.
“AZCREW not only has provided me with the camaraderie of like-minded ambitious women, but has also afforded Sigma many opportunities to partner with other members on local building projects, and opened doors of opportunities with brokers, developers, and property management teams,” Hinkson says. “AZCREW has been a significant lifeline for both myself and my company throughout these trying economic times.  Its support has transcended basic networking, and I knew I’d found a valuable resource when several of us that hiked the Havasupai continue to look forward additional outings, including an upcoming canoe trip.  This is the group that will continue to challenge me to better myself and my relationships, whether personal or professional.”
In an industry where things are happening rapidly — changing ownerships, competition, social media and technology — no one can afford to sit back and be complacent, says Lisa Bentley, director of marketing, McCarthy Nordburg.
“You must know your market inside and out, be sharp and truly connected,” Bentley says. “That means constantly listening, reading and building relationships. The importance of AZCREW to me as a professional woman in commercial real estate is about knowledge, information and support  being the crux of why I rejoined after many years. I received information about a couple of the programs and went as a non-member. I found them to be so interesting, as it relates to our interior architectural design business, either because a broker or client was speaking.
“The programs were informative and relative to our local economy and I ran into so many nice folks I had worked with previously, that was my ‘aha’ moment. The plus with AZCREW is that the women not only speak the mission, they live it.”
Val Marciano, partner, Jaburg | Wilk, says AZCREW is an organization that “continues to shape my career.”
“While my practice of real estate litigation for 30 years has provided its own exposure to fascinating and unforeseen experiences — it is true that life is better than fiction — my membership in AZCREW has brought a new facet to my professional life,” Marciano says. “The splendor of AZCREW is that it unites distinct professions in a symmetry that expands its members’ business while, at the same time, promotes personal growth. The term ‘networking’ has become a mundane term, leading one to glaze over with the thought of perfunctory ‘meet and greet’ sessions that do nothing more than take time from other more interesting prospects.
“AZCREW has found a way to allow its members to connect, become associates, and form professional friendships that enrich one’s professional life. It is the formation of those meaningful professional friendships and associations that transcend ordinary networking, leaving AZCREW in a league of its own.”

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Lincoln Property Company Expands into Las Vegas

 

The Desert West Region office of Lincoln Property Company is expanding into the Las Vegas commercial real estate market.

Based in Phoenix, the regional office also serves metropolitan areas in Arizona, Utah and New Mexico.

“Lincoln Property Company has a presence in more than 200 municipalities in the United States, and is focusing on expanding our presence in the Las Vegas market with institutional property management, acquisitions, development and construction management,” said David Krumwiede, Executive Vice President, Lincoln Property Desert West Region.

“We believe that now is an opportune time to enter the Las Vegas market as it’s showing signs of steady growth.”

Lincoln Property Company was recently awarded an assignment in Las Vegas: the property management contract for a 273,301 SF office/industrial complex, Bigfoot Business Park.

Bigfoot Business Park is at 6235-6375 S. Pecos Rd., conveniently situated less than three miles from McCarran Airport in Las Vegas.

The property consists of seven buildings total and is owned by Hong Kong-based Bigfoot Properties, Inc. Bigfoot Properties, a subsidiary of Bigfoot Entertainment, is a property investment company with a broad international portfolio across Asia and North America.

Their investments, which cover a variety of sectors in the real estate market, have included the development, acquisition and repositioning of prime residential, commercial and hotel properties.

“Lincoln Property Company is growing our business with this client across the country,” said Alisa Timm, CPM, Director of Management Services, Lincoln Property Desert West Region.

“We often find that national LPC clients like Bigfoot Properties validate our expertise on projects in other markets, and call on us again when they have commercial real estate needs in new markets.”

“As a Lincoln Property Company client in other metropolitan areas, we appreciate Lincoln’s eye toward ownership. They treat their client’s properties like they would their own, and have the capability to successfully manage this property to our high standards,” said Alan Krinzman, Principal, Bigfoot Properties, Inc.

Bigfoot Business Park is currently occupied by 153 tenants including United Blood Services, Sweet Tours, DAL Global, HS Brands International, The Tungland Company, Professional Fitness Institute, Health Profile Institute and the International Academy of Film & Television. The property features a full time on-site management office, covered parking and four move-in ready suites.

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Diamond Ventures Selects Lincoln Property Company for Management of Calendar Stick

 

Lincoln Property Company has been awarded the property management assignment for Calendar Stick by the new property owner, Diamond Ventures.

Calendar Stick is a 72,697 SF, 2-story, Class A, multi-tenant building at 9237 E. Via De Ventura in Scottsdale, just off Loop 101. The office building is 100% occupied.

“This is our first acquisition in the Phoenix market and we are currently looking for additional investment opportunities,” said Bill Kelly, CEO of Diamond Ventures. “Tapping into the depth and breadth of Lincoln Property Company’s experience in the Valley real estate market has made the process exceptionally smooth.”

The property is part of a larger complex located in a highly desirable central Scottsdale area just north of Salt River Fields, Talking Stick Resort & Casino and the Pavilions at Talking Stick. The building construction has many exquisite interior and exterior details, unrestricted mountain views, newly constructed spec suites and abundant parking.

“We are pleased to take on this new management assignment and excited to add such a respected client, Diamond Ventures, to the LPC portfolio of clients,” said Alisa Timm, CPM, Director of Management Services, Lincoln Property Company Desert West Region.  “LPC’s property management division continues to expand as we exceed the expectations of our clients and provide outstanding customer service to tenants.”

Tucson-based Diamond Ventures purchased the property at the end of 2012 and is a new active investor in the Phoenix market.

 

Krystal Dill

Lincoln Property Company Names Krystal Dill New Marketing Manager

The Desert West Region office of Lincoln Property Company announced that Krystal Dill has joined the company as Marketing Manager.

Dill will be leading all marketing efforts while also assisting with leasing and acquisitions for the portfolio. Dill most recently served as Business Operations Manager for Voit Real Estate Services. Prior to Voit, Krystal worked at Cushman & Wakefield of Arizona.

“We are pleased to have Krystal as the newest member of Lincoln Property Company in Phoenix,” said David Krumwiede, Executive Vice President, Lincoln Property Company, Desert West Region. “Her experience in commercial real estate marketing will be a great addition to our team.”

Dill holds a BS in Marketing from Miami University and an Arizona real estate license. She is a member of the National Association of Industrial and Office Properties (NAIOP) and the Arizona Commercial Real Estate Women (AZCREW).

 

Alisa Timm

Alisa Timm Joins Lincoln Property Company As Director of Management Services

The Desert West Region office of Lincoln Property Company announced that Alisa M. Timm, CPM, will serve as the company’s Director of Management Services.

Timm will oversee Lincoln Property Company’s Property Management Division, which encompasses 5.5 MSF of commercial space in Arizona, Nevada, Utah and New Mexico.

Timm has more than 25 years of experience in commercial real estate including management of an office and retail portfolio of more than 3 MSF. Most recently, Timm was a Designated Broker, Principal and Vice President with Cassidy Turley.

“We are excited to welcome Alisa to LPC,” said David Krumwiede, Executive Vice President, Lincoln Property Company, Desert West Region. “Alisa has a wealth of experience in commercial real estate management, and we are very fortunate to have her on our team.”

Lincoln’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001.

 

Teresa Jarvise

Lincoln Property Company Welcomes New Senior Property Manager

The Desert West Region office of Lincoln Property Company announced Teresa Jarvise has joined the company as Senior Property Manager.

Jarvise will over see Camelback Square, which is owned and managed by Lincoln Property Company. Jarvise brings more than 10 years of commercial real estate property management experience to Lincoln Property Company.

“We are pleased to welcome Teresa to the LPC team,” said David Krumwiede, Executive Vice President, Lincoln Property Company, Desert West Region. “Teresa’s extensive experience managing office and industrial portfolios will ensure that Lincoln’s commitment to providing excellent customer service to the tenants of Camelback Square will continue.”

Camelback Square is a 172,690 SF, 3-story building located at 6991 E. Camelback Rd., near the prestigious intersection of Scottsdale and Camelback roads in Scottsdale.

Major tenants of the property include Mastro’s City Hall, Ashton Woods Homes, Pacific Coast Mortgage and Echo Global Logistics.

Lincoln’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001.

 

Amr Ceran

Lincoln Property Company Names Amr Ceran New VP

The Desert West Region office of Lincoln Property Company announced Amr Ceran has joined the company as vice president.

With more than 13 years of commercial real estate experience in Arizona, Ceran’s areas of expertise include acquisitions, leasing, and asset management. Ceran most recently served as asset manager at Voit Real Estate Services.

“Amr is a seasoned commercial real estate professional with a broad range of experience,” said David Krumwiede, executive VP, Lincoln Property Company, Desert West Region. “We are pleased to have him join the LPC team.”

Ceran is a member of the Urban Land Institute (ULI), the National Association of Industrial and Office Properties (NAIOP), and the International Council of Shopping Centers (ICSC). He is also a member of Executive Council Charities, a nonprofit organization dedicated to helping the youth of the community.

Ceran holds a bachelor’s degree in Political Science from Arizona State University and an Arizona Department of Real Estate License.

Lincoln’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix. Lincoln has developed 2.7 MSF, acquired 3.7 MSF feet and manages 5.2 MSF of commercial space.

 

Megan Watkins

Lincoln Property's Megan Watkins Named to BOMA Board of Directors

The Desert West Region office of Lincoln Property Company announced that Senior Property Manager Megan Watkins has been elected to the Board of Directors of the Building Owners and Managers Association of Greater Phoenix (BOMA).

“BOMA provides important resources to the commercial real estate community in the Valley – especially in the areas of education, advocacy and leadership development,” said Tammy Sidles, director of management services, Lincoln Property Company, Desert West Region.  “We are proud to have Megan represent Lincoln Property Company on BOMA Greater Phoenix’s board of directors.”

Watkins manages Lincoln Property Company’s Paradise Village Office Park, a 5-story, multi-tenant office building located near exclusive Paradise Valley.

“As a member of BOMA Greater Phoenix since 2004, I have always found it extremely rewarding,” Watkins said. “I am very excited to make an even greater contribution to the organization and our industry by serving as a board member.”

Lincoln’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001.

 

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Lincoln Property Company Sells Scottsdale Office For $10.5M

The Desert West Region office of Lincoln Property Company announced the sale of Chaparral Business Center VI, located at 5401 N. Pima Rd., in Scottsdale.

Salt River Development Company paid $10.5M to acquire the 69,192 SF Class A property located at the NWC of Loop 101 and Chaparral Rd.

Developed by Lincoln Property Company in 2008 along with Phase V, Chaparral Business Center VI is located in the desirable Scottsdale submarket. This modern suburban office building is 100% occupied by tenants: Move.com, Howard S. Wright and Equiant Financial Services.

Chaparral’s strong leasing history is the result of its strategic location with immediate access and visibility to Loop 101 and the Valley’s freeway systems, abundant nearby amenities and access to the largest and best educated labor force in the Metropolitan Area.

Chaparral Business Center is comprised of 6 office buildings totaling approximately 418,400 SF. With its premier location, Chaparral Business Center attracts large national tenants as well as tenants from all over Metropolitan Phoenix. Tenants include: Western International University, Regenesis Biomedical, Acclivity Healthcare, Nextiva and Keller Williams Realty. Also located in the park is the newly opened Marriott Courtyard Hotel.

“We were pleased to work with Salt River Devco on the sale of this property,” said David Krumwiede, Executive Vice President of Lincoln Property Company. “As the owner of the balance of the business park, they were the natural buyer.”

Brokers for the transaction were Jim Fijan, Tom Adelson and Jerry Roberts of CBRE.

 

Flexpak Office

Lincoln Property Completes Sale of Industrial Building to Cabot Properties

The Desert West Region office of Lincoln Property Company announced the sale of an industrial property at 3720 W. Washington St. in Phoenix.

Cabot III-AZW02 LLC, a company formed by Boston-based Cabot Properties Inc. paid $5.8M to purchase the 82,368 SF industrial property.

The seller was Columbia Arizona Washington IV Industrial LLC, a joint venture company formed by Lincoln Property Company.

The property, which is fully leased to Flexpak Corp., was built in 1996. The Lincoln Property venture purchased the property in 2004 as part of an $11.3M portfolio deal that included 251,745 SF of industrial and office properties in Phoenix, Tempe and Tucson.

Lincoln Property Company is a full service real estate firm offering development, design/construction management and property/asset management services.

Lincoln’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001.

 

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 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.

Arizona Game & Fish Headquarters, Platinum Project

Latest Platinum Project In Arizona

Green Ideas Environmental Building Consultants announced their fourth Platinum LEED-certification – the highest available – for the Arizona Game & Fish Headquarters Building in Phoenix. Only three other Arizona facilities have received this prestigious recognition from the U.S. Green Building Council: the Arizona State University Biodesign Building B in Tempe; the Northern Arizona University Applied Research and Development facility in Flagstaff; and the Lee H. Brown Conservation Learning Center in Tucson.

“This milestone project is a significant accomplishment and we are extremely proud of the marked success for the state of Arizona and the Game & Fish Department,” says Charlie Popeck, president of Green Ideas.

The Game & Fish facility was designed as a full-service center to support research operations, vehicle maintenance, database management, public assemblies, educational instruction, department administration and customer service. The result is a state-of-the-art facility, built to exceed the department’s needs and support future growth, while aligning with then-Governor Janet Napolitano’s executive order to achieve LEED Silver certification as a state-operated building. The Arizona Game & Fish Headquarters Building project team, who contributed to making it one of the most sustainable buildings in the country, includes Green Ideas, architect Jeff Will, Sundt Construction and Lincoln Property Company.

Green Ideas worked with state officials and the design and construction team to develop a unique third-party ownership structure to install a large, 160 kilowatt, rooftop photovoltaic solar system. This system served as the foundation to achieve Platinum certification, supplying a significant portion of the project’s energy needs when leveraged in tandem with low-E glass that reduces solar heat gains inside the structure.

Green Ideas principal Mark Wilhelm says, “This building would not have been possible without a commitment by the design team to ensure an energy-efficient building design, maximized use of day lighting and the use of the APS Solutions for Business incentive program as a baseline for design.”

The design component of the building contributed to at least six of the LEED points earned, and focused on elements providing a direct return on investment. The design drastically reduced costs and simplified operations for the department by consolidating and centralizing many resources into a new, sustainable full-service facility.

Game & Fish Project Highlights:
* Low-emitting finishes and inert materials reduce occupant exposure to formaldehyde and volatile organic compounds (VOCs) commonly found in the atmosphere of new buildings.
* Exterior light shelves were tuned to the equinox to take better advantage of winter daylight, while mitigating solar heat gain in the summer.
* 282,500 SF of open space was preserved and dedicated as natural habitat on the southeast portion of the project.
* The use of native plants and drip irrigation as well as the installation of water efficient plumbing fixtures save valuable potable water.

Project Results:
* 43% of building materials were manufactured within a 500-mile radius
* 65% energy cost savings, greatly exceeding ASHRAE 90.1-1999 energy standards
* 42% building electricity supplied by 149 kilowatt photovoltaic solar system
* 73% reduction of water use for irrigation and a 42% reduction of indoor water use, for a projected savings of more than 403,257 gallons of potable water/year
* More than 680 cubic yards (57%) of construction waste was diverted from landfills and recycled

www.aps.com
www.egreenideas.com
www.gf.state.az.us
www.lincolnproperty.com
www.sundt.com
www.willarchitects.com



About Green Ideas Environmental Building Consultants

Green Ideas, established in 2000, is a full-service green building consulting firm offering educational programs, product evaluation services and world-class LEED consulting services. Its clients are building owners, architects, engineers, contractors, utilities and green product manufacturers. With a vision as bold as the results they achieve, Green Ideas is dedicated to transforming the market by promoting buildings that are designed, built and operated in a manner that improves the health, well-being and productivity of people and the environment.Green Ideas is proud to be one of the leading companies specializing in LEED (Leadership in Energy and Environmental Design) Consulting including charrette facilitation, programming assistance, LEED registration, documentation and certification services. Green Ideas develops and implements marketing programs that will enhance companies’ images and visibility in the green building marketplace with a positive return on investment. 



To find additional information on building green visit :
AZRE: Arizona Commercial Real Estate Magazine | Southwest Build-it-Green Expo & Conference