Lincoln Property Co. Earns Third Consecutive NAIOP Arizona Owner/Developer of the Year Award; Additional wins include Spec Office Building of the Year and Transaction of the Year

Grand2 at The Grand at Papago Park Center in Tempe, AZ

 

 PHOENIX, AZ – In the same year it celebrates its 20^th anniversary, the Desert West region of Lincoln Property Company (LPC) has earned its third consecutive NAIOP Arizona Owner/Developer of the Year award, as announced at the annual Best of NAIOP award event held yesterday in Phoenix.

 In addition to Owner/Developer of the Year, the company also earned the Spec Office Project of the Year award for its Class A Union office development in the Mesa Riverview District and the Transaction of the Year award for Grand2 at The Grand at Papago Park Center in Tempe, Arizona.

David Krumwiede

This is the third consecutive Owner/Developer of the Year award win for LPC Desert West, highlighting the company’s achievements in development, ownership and management.

 

“Phoenix continues to rank at the top of the nation for economic and population growth,” said LPC Desert West Senior Executive Vice President David Krumwiede.

 

 “That requires buildings that are efficient, comfortable and  expertly designed and amenitized to attract and retain the best talent.

"We are grateful to be in a position to build and manage these types of transformative buildings, and extend tremendous thanks to our employees, project partners and NAIOP for playing such a substantial role in our success.”

 

In partnership with Harvard Investments, LPC Desert West also completed Union Building One, which earned this year’s NAIOP Arizona Spec Office Building of the Year award..

Class A Union office development 
in the Mesa Riverview District 

Other 2020 achievements by LPC Desert West include the start of construction at the omnichannel-focused, 321,773-square-foot Buckeye85 industrial building in the heart of the I-10 Corridor, and delivery of the 1.27 million-square-foot, Class A Park303 Phase I industrial building.

 

 In addition to the delivery of Park303 Phase I, LPC Desert West has expanded the Park303 creative industrial park to 201 acres supporting up to 4 million square feet, with one full mile of Loop 303 frontage.

 

For more information on LPC Desert West development, investment and property management services, contact LPC Desert West at 602.912.8888.

  CONTACT:

 Stacey Hershauer

480.600.0195

stacey@focusaz.com

 

www.lpc.com or www.lpcdesertwest.com.

 

 

Comunidad Partners Acquires 206-Unit, Multifamily Asset in East Fort Worth, TX

Metro 7000, a 206-unit affordable housing community
 in Fort Worth, TX

 Fort Worth, TX — Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, has recently acquired Metro 7000, a 206-unit affordable housing community in Fort Worth, Texas.

Antonio Marquez

“Forth Worth is a market that has undergone tremendous growth over the last few years and is closely aligned with our investment strategy,” says Antonio Marquez, Managing Partner at Comunidad Partners.

“Metro 7000 is a perfect fit for our affordable strategy and ESG / social impact focus as it’s located in a predominantly minority, underinvested area yet is dynamic and poised for growth.

"Our core investment focus is identifying, acquiring, and sourcing affordable and workforce housing in culturally diverse neighborhoods positioned for long-term growth throughout the sunbelt region.

 "In fact, Fort Worth is in the top 2% for the most diverse places to live in America and has been named as one of the fastest growing cities in the U.S.”

Richard Furr

Comunidad Partners plans to implement a series of interior and exterior renovations to the community, as well as add value through the implementation of its unique social impact programming.

            “We take a holistic approach to all of our investments,” explains Marquez.

“We invest beyond the asset itself and truly invest in our residents. With our specialized cultural management platform, we tailor programs at our communities to fit the needs and ethnicities within those communities.

"In doing so, we can build a sense of community and provide residents with the tools they need for success. This, in turn, contributes to long-term retention and reduced turnover at the asset.”

Brian O’Boyle Jr.

Richard Fur and Brian O’Boyle Jr. at Newmark Knight and Frank represented the seller. Comunidad Partners represented itself as the buyer.

Comunidad Partners has owned 30 assets totaling nearly 7,000 units throughout Texas.

Metro 7000 also features a host of community amenities including a clubhouse, pool, children’s play area, BBQ and picnic area, sports court, and a dog park, among many others. It is located at 7000 John T. White Road in Fort Worth, Texas.

CONTACTS:

Katie Haga / Lexi Astfalk

Brower Group

(949) 438-6262

khaga@brower-group.com

  Home - Comunidad Partners.