Overview

• Lincoln Property Co. sold Park303 Phase 2 Building C in Glendale, Arizona, to Dollar Tree for $147.1 million.
• Dollar Tree will use the 1.25 million-square-foot facility as its first regional distribution center in the Phoenix market.
• The Class A building, completed in 2023, features 40-foot clear heights, up to 12,000 amps of power and design provisions to support automated racking and picking systems.
• Reid Wilbraham and Cooper Fratt of Cushman & Wakefield represented Dollar Tree in the purchase, and Lincoln will continue to manage and lease Park303.
• Dollar Tree expects to begin occupying the site early next year and plans to expand trailer parking to support its logistics operations.