Lincoln Unloads Luke Field Warehouse for $152M

Lincoln Property Company (Lincoln) and Goldman Sachs sold the 1.27 million-square-foot “Building C” industrial building at Luke Field. CoStar reports that Walmart is the buyer, with a sale price of $152 million. JLL’s Marc Hertzberg and John Lydon represented Walmart in the “Building C” acquisition.

Lincoln says it’s the largest Arizona industrial building sale of the year and is the first tenant commitment at Lincoln’s recently completed Luke Field – a 140-acre, 2.4 million-square-foot logistics park.

Located at 13803 and 13543 Northern Ave., and 7733 Litchfield Rd. in Glendale, Arizona, Luke Field spans three Class A industrial buildings: a 695,750-square-foot Building A, 454,761-square-foot Building B and 1.27 million-square-foot Building C.

The project also offers Lincoln’s amenities, such as barbecue stations, a shaded outdoor eating area and employee collaboration spaces.

Lincoln serves as the property manager and leasing agent for Luke Field. Lincoln is actively fielding lease and acquisition interest for Luke Field Buildings A and B.

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