If you build it, will they come? The facility is described as perfect for users like Amazon and other companies with major warehouse, distribution and e-commerce operations.
Lincoln Property Company (LPC) in December will break ground on Lincoln Logistics 40, Metro Phoenix’s first ever speculative industrial project to offer a 40-foot clear height ceiling, with more than 20 acres of space under one roof, designed to serve ultra-modern e-commerce and distribution tenants.
Located along Interstate 10 at Bullard Avenue in Goodyear, Ariz., Lincoln Logistics 40 will total 901,700 square feet on approximately 50 acres within The Airport Gateway at Goodyear business park. In addition to 40-foot clear heights, the project will feature 169 dock and grade-level doors, 185 trailer storage stalls, up to 660 parking stalls, fiber optic data and energy efficient clearstory windows in lieu of skylights. Completion is slated for mid-2018.
“E-commerce and distribution interests have discovered Phoenix and they are here to stay – and grow,” said Lincoln Property Company Executive Vice President David Krumwiede. “Lincoln Logistics 40 gives them the height and amenities they need to function at peak efficiency, maximizing their ability to move and store goods, and to incorporate mezzanine space that builds flexibility into their operations.”
“The short list of Phoenix industrial buildings that do feature ceilings of this height were constructed as build-to-suits for a specific and specialized user,” added Lincoln Property Company Director of Real Estate John Orsak. “Ours will be the first 40’ clear height project to be built on a fully speculative basis, and we believe it will be met with significant interest long before completion.”
Lincoln Logistics 40 is a Foreign Trade Zone Magnet Site, offering up to 75 percent personal property tax savings. It sits one mile south of two I-10 full diamond interchanges and is minutes from Loop 101, Loop 303, Highway 85 and the Phoenix Goodyear Airport.
It is also located within the 350-acre The Airport Gateway Center at Goodyear, which at build out will include more than 2.5 million square feet of upscale regional retail, hotel, office and medical uses, and 3 million square feet of work space including industrial and warehouse. Corporate neighbors include Amazon, REI, UPS, Sub-Zero, Dick’s Sporting Goods, Chewy.com and Michael Lewis Foods.
Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE represented the land seller EJM Development Company in the Lincoln Logistics 40 land sale. John Werstler and Cooper Fratt of CBRE represented LPC in the land purchase. Werstler, Kennedy and Fratt serve as the Lincoln Logistics 40 exclusive leasing team.
“Goodyear is experiencing record absorption and historically low industrial vacancy rates, which is indicative of the type of demand happening across our region,” said Werstler. “Given that Lincoln Logistics 40 will be the largest building of its kind available right now in our market, we anticipate that it will be extremely attractive to e-commerce, warehouse and manufacturing users looking to satisfy their supply chain needs across not just the Southwest but the entire Western U.S.”