Lincoln Property Co. Sells Park303 Phase I for Record-Breaking $186 Million

by Mike Hunter

Within one month of completing the project, leading developer LPC Desert West has sold the fully leased, 1.25-million-square-foot Park303 Phase I in Glendale, Arizona, to BentallGreenOak, a leading global real estate investment management advisor and real estate services provider. At $186 million, the transaction represents the highest single-building industrial sale price in Arizona history.

Photo courtesy Lincoln Property Co.

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