Lincoln Property Co. has acquired a 71.5-acre land site in Glendale, Arizona, a suburb of Phoenix. The land site will make way for a $115 million speculative class-A industrial project named Park 303.

Park303 is located between Bethany Home Road and Glendale Avenue, with one-quarter mile of freeway exposure along the new Loop 303 and featuring 40' clear height and more than 540 parking spaces. It will feature 40-foot clear height, efficient LED lighting, clerestory class for abundant natural light, ample truck parking and a fully amenitized outdoor space with covered canopies, seating and barbeques.

The project will break ground in early 2020, and will deliver in the third quarter of the same year. Barry Glabman of Scottsdale Investment Management represented the land seller, Roth Development Corp. Butler Design Group is the project architect. Hunter Engineering is the civil engineer.