Dollar Tree Acquires 1.25M-SF Industrial Building In Glendale From Clay Duvall And David Binswanger For $147.07M

Dollar Tree has acquired an industrial building situated in Glendale, AZ, marking a significant investment in its logistics network. The facility spans 1,250,000 square feet and was purchased for $147,066,005, equating to a price per square foot of $118. This property is located at Lincoln Property’s Park303 and is recognized as a Class A, LEED-certified facility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $147,066,005
• Buyer: Dollar Tree
• Seller: Clay Duvall & David Binswanger - Lincoln Property Company
• Square Footage: 1,250,000
• Price per Square Foot: $118

The transaction involved Clay Duvall and David Binswanger representing Lincoln Property Company as the sellers. Dollar Tree is establishing its first regional distribution center in the Phoenix market, joining other tenants such as Walmart and Logisticus Group. The facility boasts modern office space, high-end industrial amenities, and advantageous freeway access.