Lincoln Property Company Leases 629835 Sq. Ft. Industrial Space To 3PL Provider In Glendale
Building Size
—
Asset Type
Industrial
Closing
Mar 25, 2026
AI
Lincoln Property Company leased all 629,835 sq. ft. of Park303 Building A located at Loop 303 at Glendale Avenue in Glendale, AZ. The asset falls under the industrial category and is part of a larger, LEED-certified industrial campus totaling 3.75 million square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: Loop 303 at Glendale Avenue
- Market: Glendale, AZ
- Landlord: Lincoln Property Company
- Tenant: 3PL provider
- Brokers: Marc Hertzberg, Kelly Royle, Charlotte Elstob & Dan McGillicuddy - JLL
This leasing transaction represents a significant development as the 3PL provider has secured the space to cater to a Fortune 250 client, resulting in full occupancy for the industrial campus.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93