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| XPO Supply Chain Building, 7037 West Van Buren Street, Phoenix, AZ |
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| David Krumwiede |
A top-ten global provider
of supply chain solutions, XPO (formerly Menlo Worldwide) originally occupied
the LPC building 2013, bringing with it wide variety of internet
fulfillment-related jobs. Last week, XPO executed its option to purchase the
building, which is located at 7037 W.
Van Buren St. in Phoenix, for $30,378,000.
“Build-to-suits have been
hot in Phoenix for years, but big tenant demand for existing space was average.
Now, big tenant activity is on the rise, which is tightening the availability
of large blocks of space and making assets like 7037 very attractive for
tenants and investors alike,” said Lincoln Property Company’s Executive Vice
President David Krumwiede.
The 7037 building totals
552,330 square feet of Class A warehouse/distribution space. Amenities include
31.5 to 35.5-foot clear height, energy efficient lighting, evaporative cooling,
skylights and sprinklers.
The 31.8-acre lot includes
the main building, a fenced truck court with guard shack and parking for 378
cars, 146 trailer stalls and 100 truck bays with cross dock and front load
configurations. It is within a Foreign Trade Zone, providing state and local tax
incentives and on-site job training programs. Corporate neighbors include
Target, Amazon and HSN.
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| John Orsak |
The project is one mile
from Interstate 10, served by two full diamond interchanges at 67th Avenue and
75th Avenue. It is also 15 minutes from Sky Harbor International Airport.
Connecticut-based XPO
specializes in supply chain management, truckload brokerage and transportation,
high-value-add warehousing and distribution, global forwarding and last mile
logistics.
It employs more than 87,000 in 1,440 locations worldwide, serving
more than 50,000 customers including Boeing, The Home Depot, IKEA and L’Oreal.
To discuss development,
leasing or investment opportunities with Lincoln Property Company in the Desert
West Region, please contact David Krumwiede or John Orsak at (602) 912-8888.
For a complete copy of the company’s news release,
please contact:
Stacey Hershauer
focusAZ
Marketing & Public
Relations
(480) 600-0195
www.lpc.com or
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