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12/04/25
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Walmart has purchased the 1.27 msf “Building C” industrial facility at Luke Field in a deal valued at around $152 mil ($120/sf). We're told that the deal marks 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 msf LEED Gold Certified logistics park in Glendale, AZ.
Located at 13803 and 13543 Northern Ave, and 7733 Litchfield Rd in Glendale, Luke Field spans three Class A industrial buildings: a 695.8k sf Building A, a 454.8k sf Building B and the 1.27 msf Building C. The project Is a development of Lincoln Property Company and Goldman Sachs, the seller in this transaction.
Each building features 40’ clear height, 25’ tall glass entries, 3,000 amps of power (expandable), automated dock doors, steel moment frame shear bracing and 5’ x 10’ clerestory windows providing sky views and natural light. The project also offers Lincoln’s trademark “creative industrial” amenities, such as barbeque stations, a shaded outdoor eating area and employee collaboration spaces.
Logistically, Luke Field is bordered by Luke Air Force Base, Litchfield Road, Northern Ave and the high-capacity Northern Pkwy, offering direct, rapid connection between the Loop 303 and Loop 101/US 60/Grand Ave. From a sustainability perspective, Luke Field ranks among a select group of new metro Phoenix Class A industrial projects that are LEED Gold Certified, emphasizing locally sourced materials, operational efficiency and long-term cost savings.
“Our vision for Luke Field was to create a premier industrial environment for major corporate tenants, offering them sophisticated industrial space with integrated features that promote employee health, well-being, and productivity,” said Lincoln Property Company Executive Vice President John Orsak. “Its prime location also makes Luke Field a logistics powerhouse."
Luke Field “Building C” is Lincoln’s second major metro Phoenix industrial building sale announcement this quarter. In October, the company announced the sale of a 1.25 msf building within its Park303 development to Dollar Tree. That project brings the 210-acre, 3.75 msf Park303 logistics park to 83% leased or sold to Walmart, Dollar Tree and Logisticus Group LLC.
Corporate neighbors to Luke Field include Boeing, Microsoft, White Claw, XPO Logistics, UPS, REI, SubZero, Daimler-Benz, Red Bull, Ball Corporation, Aldi and Williams Sonoma.
Lincoln serves as the property manager and leasing agent for Luke Field. JLL’s Marc Hertzberg and John Lydon represented the buyer in the “Building C” acquisition. Lincoln is actively fielding lease and acquisition interest for Luke Field Buildings A and B.
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