Tempur-Pedic Signs Full-Building Pre-Lease at Lincoln Property Company’s Buckeye85

Buckeye85 is a planned $60 million,

 state-of-the-art warehouse and distribution project that is 100%occupied prior to completion of construction in Phoenix’s I-10 Corridor.

 

TOLLESON, AZ – Lincoln Property Company’s Southwest division, LPC Desert West, and partner Goldman Sachs have signed leading mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor. 

The lease brings the $60 million, state-of-the-art warehouse and distribution project to 100% occupied prior to completion of construction.

 Under the 321,892-square-foot lease, Buckeye85 will become home to a new Tempur-Pedic distribution center, continuing to expand the company’s long-standing, multi-building metro Phoenix logistics presence.

John Orsak

 

“Tempur-Pedic has long-recognized – and used – the Valley as a strategic hub for its manufacturing and distribution operations,” said Lincoln Property Company Senior Vice President John Orsak.

“We’re proud to help them continue to expand that valued local presence, in a building that was designed with the location, flexibility and creative industrial amenities that modern companies like Tempur-Pedic require.”

Buckeye85 is located on 20 acres at 10333 W. Buckeye Rd., at the southwest corner of 103^rd Avenue and Buckeye Road/MC-85 Highway in Tolleson, Arizona.

David Krumwiede
 

It is two miles from a full-diamond interchange at I-10 and 107^th Avenue, within a world-class e-commerce market that is home to companies like Amazon, McKesson, Pepsico, Kroger and Home Depot.

Features of the building include 36’ clear height, full concrete truck courts and a 95-door cross-dock configuration.

Architecturally, Buckeye85 incorporates the generous use of clerestory windows, providing indoor workspaces with sky views and abundant natural light. The northeast corner of the building also includes a speculative suite with high-end finishes and plug-and-play advantages for Tempur-Pedic to complete a quick and seamless move in. The project is in the final stages of construction.

Riley Gilbert

JLL Managing Director Riley Gilbert represented Tempur-Pedic in the lease agreement, bringing the company’s overall Phoenix industrial presence to nearly 1.5 million square feet across multiple buildings.

“Buckeye85 places Tempur-Pedic vitally close to key employment pools and population centers, in a market with a very attractive cost of doing business,” said Gilbert.

“From a logistics perspective, the property offers direct access to the MC-85 thoroughfare, minutes from Interstate 10 and five hours from the ports of Southern California.

"These are highly attractive advantages in a Phoenix industrial market that is rapidly developing new barriers to entry.”

Tempur-Pedic is part of Tempur Sealy International, Inc. (NYSE: TPX), a leading designer, manufacturer, distributor and retailer of bedding products to consumers in over 100 countries.

For more on leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.

 

CONTACT:

 

Stacey Hershauer

480.600.0195

stacey@focusaz.com

www.lpc.com or

 www.lpcdesertwest.com.