Represents the final building sales at four-building Park303 logistics campus

Glendale, AZ  (August 27, 2026) — Lincoln Property Company (“Lincoln”), a global, full-service real estate firm with over $31 billion of assets under management, has announced the sale of the final two Class A industrial buildings at its award-winning Park303 logistics park.

Purchased by a leading global investment manager, the transaction achieved the highest two-building industrial sale price in Arizona history.

It also represents the last of four buildings sold at Park303, a 210-acre, 3.75 million-square-foot, LEED-certified logistics campus developed by Lincoln along the Loop 303 freeway and Glendale Avenue in Glendale, Arizona.

“Park303 has been a resounding success by every measure,” said Lincoln Senior Executive Vice President David Krumwiede. “We launched the project during the uncertainty of the pandemic, but its strategic location, best-in-class amenities and flexible mix of leasing and ownership opportunities quickly distinguished the development, attracting leading tenants and ultimately making the buildings highly desirable institutional investments.”

The final Park303 acquisitions include Park303 Phase 2 – Building A, totaling 629,835 square feet and fully leased to DHL, and Park 303 Phase 2 – Building B, totaling 483,000 square feet and fully leased to Logisticus Group LLC.

Completed in 2025, Park303 Phase 2 encompasses three buildings totaling 2.5 million square feet. The project’s Building C sold in October 2025 to Dollar Tree for $147 million, establishing the company’s first regional distribution facility in metro Phoenix.

Completed in late 2020, Park303 Phase 1 totals 1.25 million square feet and is fully occupied under a long-term lease by Walmart. That building was purchased by BentallGreenOak in 2021 for $186 million, marking the highest single-building industrial sale price in Arizona history.

“All of the buildings at Park303 have been acquired by sophisticated, disciplined investors and operators with a deep understanding of the industrial market and its standards of quality,” said Lincoln Executive Vice President John Orsak. “Their decision to add Park303 to their portfolios is a meaningful endorsement of this project and a tremendous compliment to what we have created here.”

Buildings at Park303 feature 40’ clear height, 25’ tall glass entries, up to 12,000 amps of power, 7” slabs over 4” of crushed rock, and the steel moment frame shear bracing needed to support highly modern, automated racking and picking equipment. Large 5’ x 10’ clerestory windows also run along the building’s interiors, providing employees with access to sky views and natural light.

Following Lincoln’s “creative industrial” approach to Class A industrial development, Park303 also incorporates elevated amenities including high-end speculative office space, an outdoor pickleball and basketball court, and an outdoor entertainment area with gourmet barbeques, overhead fans and seating.

Park303 is proximate to two full-diamond Loop 303 freeway interchanges, Interstates 10 and 17, and Northern Parkway. The project is also Foreign Trade Zone-capable and can reach more than 33 million consumers within a one-day truck haul.

Will Strong and Molly Miller of Cushman & Wakefield represented Lincoln in the final Park303 Phase 2 building sales.

To discuss leasing and development opportunities with Lincoln, contact David Krumwiede or John Orsak at (602) 912-8888.

PIMA COUNTY, (Aug. 27, 2026) – Kino Sports Complex, the Arizona Fall League (AFL), and new partner MQ360 Sports & Entertainment, a division of Mosaic Quarter, are teaming up to bring top Major League Baseball prospects to Tucson.

Kino Veterans Memorial Stadium will host an AFL doubleheader on Saturday, Oct. 10, with games at 12:30 p.m. and 3:30 p.m. Kino was scheduled to host a tripleheader last October, but the event was canceled because of weather concerns related to Hurricane Priscilla.

“The weather had other plans for us last year, so we’re especially excited to bring the Arizona Fall League to Kino in 2026,” said Kino Sports Complex Director Sarah Hanna. “This is a great opportunity for our local baseball fans to see some of the game’s top young talent right here at home.”

This will mark the Arizona Fall League’s first appearance in Tucson since 2002.

The six-team AFL features top prospects from every Major League Baseball organization. Forty-one percent of all players named to the 2025 MLB All-Star Game were AFL alums, according to the league. Last year’s AFL participants included Detroit Tigers shortstop Kevin McGonigle, now a leading candidate for American League Rookie of the Year.

Notable recent alumni include Ronald Acuña Jr., Bryce Harper, and Mike Trout.

The Tucson Javelinas were an original AFL team, playing in the 1992 and 1993 seasons, before relocating to the Phoenix area. The AFL returned for one game in 1994, when nearly 8,000 packed Hi Corbett Field to see basketball superstar Michael Jordan suit up for the Scottsdale Scorpions during his stint in the Chicago White Sox minor league system.

The AFL returned for three games in Tucson in 2002.

Tickets are available now for the doubleheader at Kino Veterans Memorial Stadium:

• 12:30 p.m. — Peoria Javelinas vs. Mesa Solar Sox
• 3:30 p.m. — Scottsdale Scorpions vs. Salt River Rafters

The AFL doubleheader won’t be the only baseball action at Kino in October. The 15th annual Mexican Baseball Fiesta returns to Veterans Memorial Stadium from Oct. 1-4, featuring the University of Arizona and four teams from the Liga ARCO Mexicana del Pacífico. The popular event culminates with a Sunday doubleheader and concert.

Phoenix Commercial Advisors represents seller of Union Street at Norterra

PHOENIX, (August 27, 2026) – Phoenix Commercial Advisors facilitated the sale of Union Street at Norterra, a newly constructed multi-tenant retail center. The property, located on the northeast corner of Norterra Parkway and Happy Valley Road in Phoenix, Ariz., sold for $843 per square foot.

The two buildings, totaling 16,501 square feet and built in 2026, were 100 percent leased at the time of sale to a lineup of nationally recognized restaurant brands, including Shake Shack, First Watch, CAVA, Tropical Smoothie Cafe and Firebirds Wood Fired Grill. Positioned just off Interstate 17, the center forms the retail component of Phase I of the Union Street at Norterra mixed-use development and sits adjacent to a new, dual-branded AC Hotel by Marriott and Element by Westin. Danny Gardiner and Chad Tiedeman at Phoenix Commercial Advisors represented the seller in the transaction.

Union Street at Norterra is the retail centerpiece of a larger mixed-use lifestyle development. A second phase now underway includes Norterra Apartments at Union Park, with approximately 308 units, and a future grocery anchor, positioning the shops for sustained traffic and long-term growth.

“Norterra and the I-17 corridor is one of the fastest-growing markets in metro Phoenix, and investor appetite for brand-new, well-leased retail in the path of growth remains exceptionally strong. Union Street at Norterra checked every box today’s investors are looking for: brand-new construction, a 100 percent leased lineup of nationally recognized restaurant brands, and a location near the new TSMC campus, a dual-branded Marriott and Westin hotel and hundreds of new residences. We were proud to represent ownership and deliver a strong result on one of the Valley’s premier new retail offerings,” said Danny Gardiner of Phoenix Commercial Advisors.

Formed in 1994, Phoenix Commercial Advisors is a commercial real estate services company. The company specializes in retail commercial brokerage in Phoenix, Tucson, and surrounding Arizona communities, providing leasing services, tenant and landlord representation, investment sales and redevelopment services to local and national retailers and property investors. Offering the expertise of 250 combined years of experience, Phoenix Commercial Advisors is also member of ChainLinks Retail Advisors, the premier national retail platform connecting elite brokerage companies across the top 50 North American markets.