LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Co., is planning to build a 2.3 million-square-foot industrial facility adjacent to Luke Air Force Base in Glendale, a fast-growing industrial corridor in the West Valley.
The $515 million development, dubbed Luke Field, will include three buildings of 1.26 million square feet, 604,000 square feet and 416,000 square feet, respectively, that will include "creative industrial" amenities seen in LPC's other projects such as the nearby Park303, the company said.
The 140-acre property, which Lincoln Property (LPC) purchased for $53 million, is located at the southeast corner of Northern Avenue and Litchfield Road near Luke Air Force Base in Glendale and Loop 303, an area that has seen significant industrial growth in recent years.
Maricopa County public records show Camelot Nurseries Inc. sold the site on May 3 and then leased the land from Northern Parkway Owner LLC, an entity connected to Lincoln Property Co., for six months to continue occupying and using the property.
“We have a history of connection to Luke Air Force Base, so the ability to purchase this land and develop near the base, within this powerhouse industrial submarket, is something we will truly enjoy,” said Lincoln Property Co. Senior Executive Vice President David Krumwiede, in a statement.
Construction for the project, which will be built in one phase, is expected to start in the fourth quarter of this year and be completed by Q1 2024. Butler Design Group is the architect, while a general contractor has not been selected.
LPC Vice President John Orsak said "countless" global industrial users are looking to establish major operations within the Loop 303 and Northern Parkway areas, adding that "Luke Field is designed to attract those tenants and the economic and employment stability that they represent for the Valley.”