Lincoln Sells Final Two Industrial Buildings in Park303 Logistics Park in Glendale, Arizona for $170.2M
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- Disclosed industrial deal value tracked in September 2026: $5.3B across 43 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
GLENDALE, ARIZ. — Lincoln Property Co. has sold the final two industrial buildings at Park303 logistics park in Glendale. Nuveen Real Estate, a leading global investment manager, acquired the assets for $170.2 million…
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