Lincoln Property Co. Breaks Ground on Phase I of 4.5 Million-SF Park303 Industrial Park in Glendale, AZ

Photo by Pete Pallagi 

From left:  Vice Mayor Ray Malnar - City of Glendale; Councilmember Joyce Clark - City of Glendale; Sintra Hoffman - President and CEO, WESTMARC; Mayor Jerry Weiers - City of Glendale; Paul Hughes - Executive Vice President Business Development, Arizona Commerce Authority; David Krumwiede - Executive Vice President, Lincoln Property Company; Councilmember Bart Turner - City of Glendale.

GLENDALE, AZ -- NAIOP Arizona Owner/Developer of the Year Lincoln Property Company (LPC) joined with local dignitaries and guests today to break ground on the first building at Park303, a major industrial master-planned development that at build-out will accommodate up to 4.5 million square feet of ultra-modern, freeway-fronting Class A industrial space in Glendale, Arizona.

David Krumwiede

Phase I of Park303 will sit on 71.5 acres between the Loop 303 freeway and Sarival Road, north of Bethany Home Road and south of Glendale Avenue.

 The $115 million development will support two buildings totaling 705,531 square feet and 488,995 square feet, or can combine into a single building totaling more than 1.25 million square feet.

“Park303 rivals the most contemporary industrial space in the Western U.S. while also offering the greatest flexibility in one of the hottest industrial locations in the U.S.,” said Lincoln Property Company Executive Vice President David Krumwiede. 

“It gives industrial users space that can be customized quickly from two buildings into one, allowing it to support multiple tenants or quickly adjust to support a single, major tenant requirement. It is an exceptional product in an exceptional location.”

“We are honored to have NAIOP’s Developer of the Year investing in Glendale in such a significant way,” said Glendale Mayor Jerry Weiers. “Lincoln has a superb reputation in the community and we look forward to welcoming top-level tenants to these state-of-the-art facilities.”

 Glendale, AZ  Mayor Jerry Weiers

Butler Design Group is the project architect for Park303 Phase I and Hunter Engineering is the civil engineer. 

Willmeng Construction is the general contractor. Completion of Park303 Phase I is scheduled for completion during the fourth quarter of 2020.

For lease or sale inquiries on Park303, please contact David Krumwiede, John Orsak or Nick Nudo at Lincoln Property Company, 602.912.8888.

Features of Park303 Phase I will include 40-foot clear height, steel moment frame shear bracing, efficient LED lighting and 142 large clerestory glass windows to maximize natural light.

The gated site provides full concrete truck courts, ample truck parking, private drives and fully amenitized outdoor spaces with covered canopies, seating and barbeques.

Rendering of Planned Park303, Glendale, AZ

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CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

visit www.lpc.com or www.lpcphx.com.

Group P6 Announces Development Team for Exclusive Royal Palm Residences in Downtown Boca Raton, FL

Linda “G” Gustafson

BOCA RATON, FL- - Group P6 announces its experienced development team for Royal Palm Residences, the highly anticipated condominium project that will redefine modern luxury in downtown Boca Raton.

 The nine-story, 48-residence project is expected to open in 2022. The developer recently unveiled a 6,000-square-foot sales gallery located at 475 E. Royal Palm Road in Boca Raton, also the site of the project itself.

Bambi Ross 

 The exclusive sales team for the project is ONE Sotheby’s International Realty, a South Florida real estate firm with 18 offices throughout South Florida and more than 900 top producing agents.

 “We are proud to be partnering with ONE Sotheby’s International Realty for this exciting new luxury project in Boca Raton,” said Ignacio Diaz, Managing Partner at Group P6.

“With their expertise in development sales and strong client relationships, we think they are well positioned to leverage the demand we are seeing from the local Boca market and parts of the Northeast and Midwest U.S.”

 Korin Castro

 The ONE Sotheby’s International Realty team is led by Regional Vice President of Sales Ivan Ramirez who has more than 20 years of experience in the industry and closed sales totaling $2 billion.

 Other ONE Sotheby’s International Realty members of the Royal Palm Residences sales and marketing team include Sales Director Linda “G” Gustafson, Bambi Ross and Korin Castro.

Ignacio Diaz

Gustafson brings 20+ years of experience and has been ranked in the top 1% of the Top Producers nationally and among the Top 50 realtors by The Wall Street Journal. 

Ross has closed more than $100 million in sales volume over her career, which began in 2008. Castro has been in the Real Estate Industry for more than 15 years.

Award-winning Boca Raton-based design firm RLC Architects designed Royal Palm Residences. RLC Architects was founded in 1990 and has received numerous awards for design excellence from the American Institute of Architects, as well as various industry associations. The firm's success has come in large measure from creating unique architectural expressions.

 Ivan Ramirez 

World-renowned Suffolk Construction has been tapped preliminary as the project’s general contractor. Founded in 1982, Suffolk is behind some of the most prestigious builds across the country.

Zelman Style Interiors is heading up the interior design and created the vision and décor for the sales gallery. Founder Steven Zelman has contributed in earning awards and honors including Decor Magazine´s Lifetime Achievement Award, numerous First Place Fame Awards from the Building Association of South Florida and five “Designer of the Year” Awards. 

Steven Zelman

Royal Palm Residences will offer three- to five-bedroom residences – including six penthouses – ranging from 2,425 to 7,168 square feet. Prices start at $1.75 million.

For more information about Royal Palm Residences or to schedule a private showing at the project, please call (561) 948-4051 or visit https://www.rpresidences.com/.

CONTACT:

Lauren Berger

Account Director, BoardroomPR

lberger@boardroompr.com

O 954-370-8999

C 954-551-0757

www.groupp6.com

Landtrust Title Services Adds New Director of Sales to Residential Team

 

Carmen Carbonara

                                                                                          

CHICAGO, IL – Landtrust Title Services, a Chicago-based title insurance agency serving the residential and commercial real estate industries, announced it added industry veteran Carmen Carbonara as director of sales for residential services.

“Carmen is the latest in a series of seasoned professionals we’ve recently brought on to support the long-term growth of Landtrust Title,” said Warren Habib, president of Landtrust Title.

Warren Habib

“Consumers have come to appreciate her high-level experience and first-class service as well as her passion for customer satisfaction – and we’re confident her talents will take our firm to the next level.”

Carbonara has 13 years of experience in the residential title insurance industry. Most recently, she served as a business development officer for Stewart Title Co., where she closed a high volume of transactions over the past year.

“It’s a privilege to join such a highly respected and experienced team like Landtrust Title,” said Carbonara. 

“The title business is a relationship one – and I pride myself on my role as an expert collaborator who engages with clients to make each transaction a priority, which contributes to a positive experience.”

Carbonara is a board member of the Women’s Council of Realtors and past member of the board of directors of the National Association of Hispanic Real Estate Professionals. Inducted into the President’s Club at Stewart Title for sales excellence, she is also a current member of several real estate associations.

CONTACTS: 

Rebecca Boykin, rboykin@taylorjohnson.com

 (312) 267-4523

Kim Manning, kmanning@taylorjohnson.com,

(312) 267-4527

mylandtrust.com 

Daum Commercial Completes $15 Million Sale of Industrial Warehouse Totaling 130,390+ SF in Los Angeles County

  

Sinclair Printing Purchased this 130,392-SF Industrial Warehouse in Palmdale, CA

PALMDALE, CA – DAUM Commercial Real Estate Services has completed the sale of a 130,392 square-foot industrial warehouse in the northern Los Angeles County submarket of Palmdale, California, on behalf of the seller, Sinclair Printing, according to DAUM’s Vice President Dennis Marciniak, who completed the sale along with Vice President Larry McEwan.

The buyer, California-based real estate firm Greenlaw Partners, has secured a major multinational technology company as a tenant to occupy the entire building.

“Our client was consolidating its commercial printing operations in the Los Angeles area and looking to quickly secure a premium price in order to liquidate the asset and focus on future growth,” says Marciniak.

 Dennis Marciniak

 “Drawing upon our industry relationships and expertise in the market, we were able to garner several offers from industrial users and investors, presenting the seller with the opportunity to choose what was best for their business goals.”

McEwan notes that the property was in demand due to its positioning as one of the largest manufacturing buildings in the Antelope Valley, an extremely tight market seeing sub-2% industrial vacancy rates.

 “Along with strong market fundamentals, this asset was attractive to potential buyers due to its location in a foreign-trading zone, which offers the incentive of reduced tariff burdens for owner-users and tenants,” McEwan continues.

“In addition, we were able to leverage the fact that the buyer purchased a 26-acre lot adjacent to this property to negotiate and close this win-win deal for both parties.”

According to Marciniak, the building has a prime location within the Palmdale Trade and Commerce Center, in close proximity to many freeways including State Routes 14, 138, and 122, which provide convenient access throughout the region and to the ports of Los Angeles and Long Beach. The property is also a 10-minute commute from the Palmdale Regional Airport.

Larry McEwan

The asset, which was sold for $15 million, also exhibits unique features and functionality that add to its appeal, notes McEwan.

The property sits on 8.69 acres and includes ample warehouse space, 15,000 square feet of office, a conference room, and an overflow storage area.

The building features 28’ clear height, four dock-high loading doors, and 100% refrigerated air.

The warehouse is located at 600 W. Technology Drive in Palmdale, California.

Contact:

Katie Haga / Elisabeth Manville
Brower Group
(949) 438-6262
khaga@brower-group.com

www.daumcommercial.com.