Lincoln Enters Tucson With 1 MSF Project
This industrial campus will come online in two phases.
Lincoln Property Co. has entered the Tucson, Ariz., market with the groundbreaking of I-10 International, an industrial campus that will encompass more than 1 million square feet. The $75 million first phase will consist of three facilities totaling 562,245 square feet across 79 acres.
In July, the developer obtained a $23.7 million construction loan from Arizona Bank & Trust for this project, according to Pima County public records.
Partners on the development include general contractor Brinkmann Construction and architecture firms Butler Design Group and Ware Malcomb. Cushman & Wakefield | PICOR is conducting the leasing efforts.
LPC’s first industrial project in Tucson
The firm acquired the I-10 International site in June 2022 from Diamond Ventures. Initially, the campus was supposed to break ground that year and completion was scheduled for the second quarter of 2023, but construction work was delayed.
I-10 International is now underway at the southeast corner of Alvernon Way and Los Reales Road, less than 2 miles from the Tucson International Airport. Downtown Tucson is 13 miles northwest.
READ ALSO: Top 5 Markets for Industrial Deliveries
Building 1 will measure 158,944 square feet and have 32 dock-high loading doors, 146 parking spots and 12 trailer stalls, while the 214,867-square-foot Building 2 will feature 46 dock loading doors and 306 parking stalls. Both facilities will have 32-foot clear heights, as well as full-concrete truck courts, and will be cold capable.
Building 3, set to encompass 188,434 square feet, will be developed according to market demand. The fourth building will rise on 42.3 acres and measure about 476,000 square feet, according to the property brochure.
The industrial campus will also feature such amenities as built-in barbecue equipment, landscaped areas and seating for outdoor relaxing, dining and games.
Cushman & Wakefield | PICOR Broker Jesse Blum is in charge of leasing the campus.
Lincoln’s industrial development activity
LPC has developed or redeveloped more than 60 million square feet of industrial space across the U.S., Europe and U.K. since its inception. Additionally, the company acquired north of 25 million square feet of core, core plus and value-add industrial assets.
One of the firm’s current developments is Windsor Commerce Park, an industrial campus underway in Las Vegas marking LPC’s first foray in Nevada. To total roughly 1.6 million square feet at full build-out, the complex saw a couple of preleasing deals in April.
You must be logged in to post a comment.