Dollar Tree Acquires 1.3M SF Industrial Building From Lincoln Property Company For $147.1M

A 1.3 million square feet industrial building located at 7200 North Sarival Avenue in Litchfield Park, AZ was sold for $147.1 million. The property, designated as Class A, is part of Lincoln Property Company's Park303 logistics park and was built in 2023. It features plans for trailer parking expansion as Dollar Tree prepares to occupy the space in early 2026.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $147,100,000
• Sale Date: 10/03/2025
• Buyer: Dollar Tree
• Seller: Lincoln Property Company
• Broker Representatives: Reid Wilbraham & Cooper Fratt - CBRE
• Square Footage: 1,300,000
• Price per Square Foot: $113

The transaction marks Dollar Tree's entry into the Phoenix metropolitan area with a new regional distribution facility, part of a larger 3.8 million square foot logistics park that is in its second phase of development.