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Mid-Sized Users Drive Industrial Sector

PHOENIX—Lincoln Property Company completes the sale of a five-building Northwest Phoenix industrial portfolio to Colorado-based REIT Industrial Property Trust Inc. for $37.98 million.

By Lisa Brown | Updated on January 10, 2016

PHOENIX—Representing the power of the market’s mid-sized industrial user, Lincoln Property Company (LPC) has completed the sale of a five-building Northwest Phoenix industrial portfolio to Colorado-based REIT Industrial Property Trust Inc. in a $37.98 million deal. The deal includes the Lincoln Deer Valley and Lincoln Pinnacle Park assets.

Amr Ceran, vice president for Lincoln Property Company, tells GlobeSt.com: “This deal underscores the capabilities of Lincoln Property Company. We did here what we do best, which is to use our market knowledge to invest, improve and then sell to an owner looking to place their capital in stabilized assets within Phoenix’s core industrial sectors.”

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