Phoenix, AZ, November 24, 2010 --(PR.com
)-- The Phoenix office of Lincoln Property Company, a full-service real estate firm providing property management, receivership services, leasing, development and project management, announced it has signed a new lease for 39,408 square feet with Core Materials Distribution, LLC. Lincoln Property Company owns and manages the industrial property located at 4720 West Van Buren in Phoenix.
Phoenix-based Core Materials Distribution, LLC, is a distributor of sheetrock and wood products.
In addition, Lincoln Property Company announced it has renewed a 24,500 square foot lease with Timber Mountain Hardwoods in the same building.
“Given the large number of industrial buildings in the Southwest Phoenix market, this transaction speaks highly of our location, access and product,” said Cooper Sutherland, Designated Broker for Lincoln Property Company.
Core Materials was represented by Payson MacWilliam of Colliers International. Cooper Sutherland, Designated Broker for Lincoln Property Company, represented the landlord in both transactions.
Lincoln Property Company ("Lincoln") is an international full service real estate firm offering real estate development, design/construction management and property/asset management services. Founded in 1965, Lincoln currently has approximately 4,400 employees and maintains a presence in more than 200 cities in the United States and 10 countries throughout Europe. Lincoln has developed over 112 million square feet of office, industrial, and retail projects, and 182,000 multi-family units. Property management assignments currently include over 116 million square feet of commercial space and 112,000 multi-family units. Acquisition activities exceed $4.0 billion in commercial properties and $3.5 billion in residential properties. Lincoln commercial and residential developments have been widely recognized as landmarks in their communities for sophisticated design, high quality and superior locations. National Real Estate Investor has ranked LPC the #1 Real Estate Services Firm in the Country. LPC is ranked 3rd Top Developer and 7th Top Property Management firm in the country by Commercial Property News.
Lincoln's West Regional office, based in Phoenix, Arizona, has developed in excess of 2.9 million square feet, acquired 2.1 million square feet and manages 4.7 million square feet of commercial space. We are consistently highly ranked in the Phoenix Business Journal Book of Lists. For more information, visit www.lpc.com