Lincoln Property Company Signs Two New Tenants Totaling Over 32,000 Square Feet at Lincoln Commerce Park 2 in Phoenix

FOR IMMEDIATE RELEASE
Phoenix, Arizona, United States of America (Free-Press-Release.com) November 15, 2010 -- Phoenix, AZ – November 15, 2010 – The Phoenix office of Lincoln Property Company, a full-service real estate firm providing property management, receivership services, leasing, development and project management, announced it has signed leases for two new tenants totaling over 32,000 square feet at its Lincoln Commerce Park 2 property at 11th Avenue and I-17.

Lincoln has signed a lease for 24,408 square feet with Criterion Brock, which is headquartered in Portland, Oregon, and a lease for 7,600 square feet with Lebanon, Tennessee-based Lochinvar.

Criterion Brock is one of the nation's leading suppliers for floor covering for multi-family housing and will also use their new space for distribution. Lochinvar, which manufactures water heaters, boilers, pool heaters, and storage tanks, is entering the Phoenix market with a distribution center.

Existing tenants for Lincoln Commerce Park 2 include internationally-based Interceramic, Inc., Standard Renewable Energy, Amarr Door, United Hospital Services, and Southeast Aluminum.

“We are very excited to add 2 quality national firms to our tenant roster within the project. The ability to bring the property to nearly 90% leased in the current economic environment speaks volumes about the location, design, and functionality of Lincoln Commerce Park 2,” said Cooper Sutherland, Designated Broker for Lincoln Property Company.

Located at the Southwest corner of I-17 (Maricopa Freeway) and 11th Avenue in Phoenix, the project features four buildings. Lincoln Park 2 is 336,665 square feet of office, showroom and warehouse space.

Brokers representing Lincoln Property Company are Jeff Conrad and Allen Lowe with Lee & Associates. Criterion Brock was represented by Matt McDougal with NAI Horizon and Lochinvar was represented by Luke Lewis with Luke Land.


LINCOLN PROPERTY COMPANY

Lincoln Property Company ("Lincoln") is an international full service real estate firm offering real estate development, design/construction management and property/asset management services. Founded in 1965, Lincoln currently has approximately 4,400 employees and maintains a presence in more than 200 cities in the United States and 10 countries throughout Europe. Lincoln has developed over 112 million square feet of office, industrial, and retail projects, and 182,000 multi-family units. Property management assignments currently include over 116 million square feet of commercial space and 112,000 multi-family units. Acquisition activities exceed $4.0 billion in commercial properties and $3.5 billion in residential properties. Lincoln commercial and residential developments have been widely recognized as landmarks in their communities for sophisticated design, high quality and superior locations. National Real Estate Investor has ranked LPC the #1 Real Estate Services Firm in the Country. LPC is ranked 3rd Top Developer and 7th Top Property Management firm in the country by Commercial Property News.

Lincoln's West Regional office, based in Phoenix, Arizona, has developed in excess of 2.9 million square feet, acquired 2.1 million square feet and manages 4.7 million square feet of commercial space. We are consistently highly ranked in the Phoenix Business Journal Book of Lists. For more information, visit www.lpc.com.

More information can be found online at http://www.lpc.com

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