Lincoln Sells 1.3 MSF Building to Dollar Tree for First Phoenix Regional Distribution Center

$147M Acquisition Secures 1.25M SF Glendale Distribution Center for Major Discount Retailer - Greater Phoenix In Business Magazine

Full-service commercial real estate firm Lincoln Property Company announced the sale of a 1.25 million-square-foot, Class A industrial building within its award-winning Park303 logistics park to Dollar Tree, Inc., one of North America’s largest value retailers. Park303 totals 210-acres and 3.75 million square feet of industrial space along the Loop 303 at Glendale Avenue in…

Lincoln Sells 1.3 MSF Building to Dollar Tree for First Phoenix Regional Distribution Center

GLENDALE, ARIZ. — Lincoln Property Co. has completed the sale of a 1.3 million-square-foot industrial building in Glendale, Ariz., to Dollar Tree for $147.1 million. The property is located within Park303, which spans 210 acres and 3.8 million square feet of industrial space. Built in two phases, Park303 features a 1.3 million-square-foot single-building Phase 1 and a 2.5 million-square-foot, three-building Phase 2. Dollar Tree purchased Park303…