Sale brings Lincoln to 2.5M s.f. of new metro Phoenix industrial space sold in the last 30 days

GLENDALE, Arizona, (December 5, 2025) – Full-service commercial real estate firm Lincoln Property Company (Lincoln) and Goldman Sachs have announced the sale of the 1.27 million-square-foot “Building C” industrial building at Luke Field to a Fortune 500 company. The deal marks the largest industrial building sale in Arizona this year. It is the first tenant commitment at Lincoln’s recently completed Luke Field – a 140-acre, 2.4 million-square-foot LEED Gold Certified logistics park in Glendale, Arizona.

Located at 13803 and 13543 Northern Ave., and 7733 Litchfield Rd. in Glendale, Arizona, Luke Field spans three Class A industrial buildings: a 695,750-square-foot Building A, 454,761-square-foot Building B, and 1.27 million-square-foot Building C.

Each building features 40’ clear height, 25’ tall glass entries, 3,000 amps of power (expandable), automated dock doors, steel moment frame shear bracing, and 5’ x 10’ clerestory windows providing sky views and natural light. The project also offers Lincoln’s trademark “creative industrial” amenities, including barbecue stations, a shaded outdoor dining area, and employee collaboration spaces.

Logistically, Luke Field is bordered by Luke Air Force Base, Litchfield Road, Northern Avenue, and the high-capacity Northern Parkway, offering a direct, rapid connection between the Loop 303 and Loop 101/US 60/Grand Avenue.

From a sustainability perspective, Luke Field ranks among a select group of new metro Phoenix Class A industrial projects that are LEED Gold Certified, emphasizing locally sourced materials, operational efficiency, and long-term cost savings.

“Our vision for Luke Field was to create a premier industrial environment for major corporate tenants, offering them sophisticated industrial space with integrated features that promote employee health, well-being, and productivity,” said Lincoln Property Company Executive Vice President John Orsak. “Its prime location also makes Luke Field a logistics powerhouse. We appreciate the trust being placed in this building by our first official tenant, and look forward to ongoing success as we continue to field strong prospect interest in the project’s remaining available buildings.”

“Like all of our industrial deliveries, Luke Field represents the kind of forward-looking investment that strengthens our regional economy and creates meaningful opportunities for our businesses and workforce,” said Lincoln Property Company Senior Executive Vice President David Krumwiede. “We’re proud of this latest delivery and the many ways it will serve tenants and the market at large.”

Luke Field “Building C” is Lincoln’s second major metro Phoenix industrial building sale announcement this quarter. In October, the company announced the sale of a 1.25 million-square-foot building within its Park303 development to Dollar Tree. That project brings the 210-acre, 3.75 million-square-foot Park303 logistics park to 83% leased or sold to Walmart, Dollar Tree and Logisticus Group LLC.

Corporate neighbors to Luke Field include Boeing, Microsoft, White Claw, XPO Logistics, UPS, REI, SubZero, Daimler-Benz, Red Bull, Ball Corporation, Aldi and Williams Sonoma.

Lincoln serves as the property manager and leasing agent for Luke Field. JLL’s Marc Hertzberg and John Lydon represented the buyer in the “Building C” acquisition.

Lincoln is actively fielding lease and acquisition interest for Luke Field Buildings A and B. To discuss Luke Field availability or for general leasing and development opportunities with Lincoln, call Krumwiede or Orsak at (602) 912-8888.

Phoenix & Gilbert, Ariz (December 5, 2025) — Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally-owned commercial real estate brokerage, is pleased to announce the sale of 374,785 square feet of Industrial Small-Bay real estate.

Power Commerce Park – A 146,052 square foot Class A Industrial Small-Bay Complex in the Southeast Valley of Phoenix, Arizona, consists of 12 buildings for 16 tenants. Built in 2023, it was strategically designed and built to be the highest quality industrial buildings with yards, allowing for total flexibility to the tenant’s needs. The site is adjacent to the Elliot Road Tech Corridor and Phoenix-Mesa Gateway Airport, and is just minutes from Arizona State University-Polytechnic Campus. The Loop 202 and US-60 offer exceptional freeway connectivity.

David Bean, of The Leroy Breinholt Team, stated, “We were fortunate to be a trusted partner with Mr. Dale Cavan from the very start of this project, identifying the raw land to develop this project. Power Commerce Park, developed by Cavan Commercial, delivered an exceptional small-bay industrial product that is underserved in the Phoenix marketplace. We advised throughout the construction process, handled pre-leasing, and, once the project was fully leased, CPI promoted the property for sale as a Class A Investment, representing the seller, Dale Cavan of Cavan Commercial.”

The buyer was Richard Scheinfeld of Top Ten Properties. Power Commerce Park sold for $55,000,000 / $376.57 per square foot.

Top Ten Properties portfolio –  A 228,733 square foot portfolio of Industrial properties in Phoenix, Arizona, consists of Carleton Square at 1711-1741 W Rose Garden Lane, Top 10 Business Center located at 4845 & 4855 W McDowell Road, and Valley Commerce Center at 4810 – 4828 S 40^th Street. The owner, Richard Scheinfeld, decided to sell off these assets in an off-market deal. Scheinfeld commented, “The Leroy Breinholt Team at Commercial Properties, Inc./CORFAC International, helped me identify an opportunity to trade out some properties to invest in a newer small-bay industrial project and get top dollar for my existing properties located in Phoenix. This enabled me to reinvest in a newer product type for my portfolio that wouldn’t have happened without the Leroy Breinholt Team and David Bean’s help.”

The buyer, SpeedBay, purchased the Top Ten Properties portfolio as their first acquisition in the Phoenix market. KBC Advisors represented the Top Ten Properties portfolio, and it sold for $43,750,000 / $191.27 per square foot.

For additional information, please contact David Bean at dbean@cpiaz.com or (480) 214-1105, or Cory Sposi at csposi@cpiaz.com.

An aerial view of the QTS Data center under construction in Phoenix, Arizona

SEATTLE & WASHINGTON, D.C. (December 4, 2025) — Amazon (NASDAQ: AMZN) announced plans to invest up to $50 billion to dramatically expand artificial intelligence (AI) and supercomputing infrastructure for U.S. government clients served through Amazon Web Services (AWS). Construction will begin next year on a new series of advanced data centers that will deliver 1.3 gigawatts of additional AI and supercomputing capacity.

AWS currently supports more than 11,000 government agencies, providing secure cloud-computing tools, compliance frameworks, and governance systems for both unclassified and classified data environments.

The new investment is designed to accelerate federal agencies’ ability to conduct simulation, modeling, and data-driven decision-making using advanced AI tools. The initiative directly aligns with the Trump Administration’s AI Action Plan, unveiled in June 2025.

“Our investment in purpose-built government AI and cloud infrastructure will fundamentally transform how federal agencies leverage supercomputing,” said Matt Garman, CEO of AWS. “We’re giving agencies expanded access to advanced AI capabilities that will enable them to accelerate critical missions—from cybersecurity to drug discovery. This investment removes long-standing technology barriers and positions America to lead in the AI era.”

Amazon’s announcement marks the latest significant move by the private sector to bolster government AI capacity. In September, Meta disclosed a partnership with the U.S. General Services Administration (GSA) to deploy its Llama open-source AI platform for federal use. Earlier in the year, OpenAI, Oracle, and SoftBank jointly revealed a $500 billion commitment for “Project Stargate,” a large-scale initiative to build national AI infrastructure.

Through Amazon’s investment, federal agencies will gain expanded access to AWS’ full suite of AI services, including Amazon SageMaker for training and customizing models and Amazon Bedrock for deploying models and agents. Agencies will also be able to use AI systems from Anthropic’s Claude family of language models, as well as semiconductors from NVIDIA and Amazon’s Trainium AI chips.

Amazon has not disclosed specific details regarding the locations or timelines of the forthcoming data centers, though the company reportedly purchased a $700 million site in Bristow, Va. for future development.

This AI expansion adds to Amazon’s year of aggressive data-center investment. In 2025, the company also committed $20 billion to Pennsylvania, $11 billion to Georgia, and $10 billion to a new data center campus in North Carolina.