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PROPERTY MANAGEMENT NEWS
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Lincoln Property Company Lands 3.5 msf AZ Industrial Management Assignment

6/06/18

Cohen Asset Management has awarded Lincoln Property Company with the management assignment for a Phoenix industrial portfolio totaling 20 buildings and more than 3.5 msf of space. The assignment brings LPC’s Phoenix property management portfolio to 10.2 msf, ranking it among the Valley’s top property management firms.

7200 West Buckeye Road
7200 West Buckeye Road
Buildings within the Cohen portfolio range from 42.3k sf to 466.4k sf and are located across metro Phoenix. Together, they underscore Cohen’s focus on acquiring, owning, developing and actively managing a critical mass of industrial properties in select target U.S. markets that, in addition to Phoenix, include Northern and Southern California, Dallas-Fort Worth, Northern New Jersey and Eastern Pennsylvania.

“Cohen has identified Phoenix as a growth market and our activity and data trends that. Vacancy for Phoenix industrial product dropped to 7.5 percent in the first quarter and demand remains extremely high for well-managed buildings,” said Lincoln Property Company’s Director of Real Estate John Orsak. “In this kind of an environment, properties that stay modern and competitive will enjoy tremendous stability.”

Other assets managed by LPC’s Phoenix team include landmark and LEED certified projects such as Lincoln Logistics 40, Waypoint, 3131/3133 Camelback, Gainey Center, Biltmore Commerce Center, Promenade Corporate Center and 2777 Camelback.




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