Tag Archives: LPC

The Grand Conceptual Rendering Final

LPC will develop 3.2M SF The Grand at Papago Park Center

Papago Park Center, Inc. announced today that Lincoln Property Company (LPC) has been selected to develop the first phase of Class A and mixed-use office space for The Grand at Papago Park Center. The total project is a 60-acre, high-profile, urban mixed-use property on the last developable parcel within the 350-acre Papago Park Center.

The Grand project will serve as the final phase of one of the largest business parks in Arizona. Papago Park Center, Inc., The Grand project’s master developer, selected LPC after an extensive RFP process that included local, regional and national development candidates.

The Grand at Papago Park Center is located along the Loop 202/Red Mountain Freeway between Priest Road and Center Parkway, and is named after the adjacent Grand Canal. The Grand Canal is a waterway developed in the 1870s to bring water from the Salt and Verde rivers to Metropolitan Phoenix. It was recently relocated to run through The Grand project, creating a water feature for the development. The completion of the canal relocation project will be celebrated with an upcoming event in March.

The Grand is part of Papago Park Center, home to the corporate offices of Salt River Project (SRP) as well as First Solar, Wells Fargo Home Mortgage, DHL, Union Bank, Sonora Quest Labs, State Farm Insurance, Western Refining and Parsons Brinckerhoff. At build-out, The Grand will total more than 3.2 million square feet of mixed-use office, multifamily, hotel, retail and restaurant space, including up to six 10-story, Class A office buildings surrounding a central water feature. When combined with Papago Park Center’s existing 3.3 million square feet of mixed-use projects, there will be more than 6.5 million square feet of urban development and approximately 20,000 employees and residents. More about The Grand at Papago Park Center is available at the project’s website: www.thegrandatpapagoparkcenter.com.

Tempe Mayor Mark Mitchell said development of The Grand at Papago Park Center further adds to the positive momentum of Tempe’s economy. “This is a boon to Tempe. The Grand will have impressive spaces rivaled by few in the region,” he said. “I am excited the site will feature pedestrian and bike paths connected to Tempe Town Lake that will be enjoyed by employees and the public.”

LPC is rolling out plans this month for its first office buildings. At build-out, The Grand will have a total of 1.8 million square feet of Class A space in six buildings. Construction on three parking garages will coincide with the buildings’ development.

“Being selected for this project evokes a sense of history, partnership and environmental stewardship,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “We are extremely excited to work with Papago Park Center and to have the opportunity to pay tribute to the historic Grand Canal as the focal point of the development. We also recognize the all-time high demand for Tempe’s live-work-play environment, and believe now is an ideal time to build something very unique and lasting.”

The Grand is being developed through Planned Area Development (PAD) zoning and offers superior visibility, with approximately one-half mile of freeway frontage and two freeway off-ramps on Loop 202, just across from Tempe Town Lake. With two light rail stops serving the property, the site serves as the first stop on the light rail or by car coming out of Phoenix Sky Harbor International Airport and has almost immediate access to Arizona State University and the Loop 202 Freeway. It is also minutes from Interstate 10, the Loop 101 and the 51 Freeway, offering easy access to all major Valley thoroughfares as well as executive and employee housing in Paradise Valley, Scottsdale, Tempe, Chandler and Phoenix.

The project will include pedestrian-friendly multi-use paths along the Grand Canal and throughout the campus. Other nearby amenities include Papago Park, Papago Golf Course, Phoenix Zoo, Desert Botanical Garden, Tempe Town Lake, Arizona State University, Phoenix Municipal Stadium and the restaurants, shopping and entertainment within downtown Tempe’s Mill Avenue District.

“The Grand signifies the innovation and importance of the Grand Canal and the natural history of Papago Park,” said Nina Mullins, Senior Director of Papago Park Center, Inc. “It exemplifies the need to both further advance the economic vitality of our Valley and to protect the resources that sustain our more than 4 million residents.”

Jerry Roberts, Corey Hawley and Patrick Boyle with CBRE will lead the marketing and leasing efforts for The Grand’s office development. HKS Architects/Kendle Design Collaborative both serve as the office project architects and JEDunn will serve as the general contractor.

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.

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.