Tempur-Pedic Indicators Full-Constructing Pre-Lease Lease at Lincoln Property Co.’s Buckeye85
TOLLESON, Arizona, Might 25, 2023 – Lincoln Property Firm’s Southwest division, LPC Desert West, and accomplice Goldman Sachs have signed main mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85, situated within the coronary heart of Phoenix’s I-10 Hall. The lease brings the $60 million, state-of-the-art warehouse and distribution undertaking to 100% occupied previous to completion of development.
Below the 321,892-square-foot lease, Buckeye85 will turn into dwelling to a brand new Tempur-Pedic distribution middle, persevering with to increase the corporate’s long-standing, multi-building metro Phoenix logistics presence.
“Tempur-Pedic has long-recognized – and used – the Valley as a strategic hub for its manufacturing and distribution operations,” mentioned Lincoln Property Firm Senior Vice President John Orsak. “We’re proud to assist them proceed to increase that valued native presence, in a constructing that was designed with the situation, flexibility and inventive industrial facilities that trendy firms like Tempur-Pedic require.”
Buckeye85 is situated on 20 acres at 10333 W. Buckeye Rd., on the southwest nook of 103rd Avenue and Buckeye Street/MC-85 Freeway in Tolleson, Arizona. It’s two miles from a full-diamond interchange at I-10 and 107th Avenue, inside a world-class e-commerce market that’s dwelling to firms like Amazon, McKesson, Pepsico, Kroger and Residence Depot.
Options of the constructing embody 36’ clear peak, full concrete truck courts and a 95-door cross-dock configuration. Buckeye85 additionally gives inventive facilities similar to good expertise all through and an employee-centric outside amenity area with shaded and landscaped areas, built-in barbeque gear and seating for stress-free, outside eating and video games.
Architecturally, Buckeye85 incorporates the beneficiant use of clerestory home windows, offering indoor workspaces with sky views and considerable pure gentle. The northeast nook of the constructing additionally features a speculative suite with high-end finishes and plug-and-play benefits for Tempur-Pedic to finish a fast and seamless transfer in. The undertaking is within the closing levels of development now.
JLL Managing Director Riley Gilbert represented Tempur-Pedic within the lease settlement, bringing the corporate’s general Phoenix industrial presence to almost 1.5 million sq. toes throughout a number of buildings.
“Buckeye85 locations Tempur-Pedic vitally near key employment swimming pools and inhabitants facilities, in a market with a really enticing price of doing enterprise,” mentioned Gilbert. “From a logistics perspective, the property affords direct entry to the MC-85 thoroughfare, minutes from Interstate 10 and 5 hours from the ports of Southern California. These are extremely enticing benefits in a Phoenix industrial market that’s quickly creating new obstacles to entry.”
Tempur-Pedic is a part of Tempur Sealy Worldwide, Inc. (NYSE: TPX), a number one designer, producer, distributor and retailer of bedding merchandise to customers in over 100 international locations. Tempur Sealy manufacturers embody Tempur-Pedic®, Sealy® and Stearns & Foster®, and non-branded choices consisting of value-focused personal label and OEM merchandise. Merchandise are offered by means of third-party retailers, 700+ company-owned shops and e-commerce channels worldwide.
For extra on leasing, funding or property administration alternatives with Lincoln Property Firm within the Desert West area, please name David Krumwiede or John Orsak at (602) 912-8888.
About Lincoln Property Firm
Lincoln Property Firm (LPC) is a global full service actual property agency providing actual property funding, improvement, design/development administration, leasing and property administration/ receivership/asset administration companies. LPC has roughly 3,200 workers with a global footprint that features workplaces in 45 cities throughout the U.S. and 12 international locations in Europe. Since 1965, LPC has developed greater than 160 million sq. toes of workplace, industrial and retail tasks recognized for his or her design, high quality and superior places. It at present has greater than 433 million sq. toes of business area below leasing and/or administration.
LPC’s Desert West Area relies in Phoenix and contains Arizona, Nevada, Utah and New Mexico. Since its begin in 2001, the regional workplace has developed over 15 million sq. toes, acquired greater than 6 million sq. toes and manages nearly 19 million sq. toes of business area, together with main, award-winning and LEED Licensed developments and investments. Since 2019, the corporate has accomplished two of the highest-priced metro Phoenix workplace and industrial transactions and launched the Union workplace campus in Mesa, new buildings at The Grand at Papago Park Heart in Tempe and the Park303 logistics park in Glendale, amongst different developments. LPC Desert West is constantly ranked amongst Phoenix’s prime industrial actual property corporations for each improvement and property administration, incomes consecutive 2018, 2019 and 2020 NAIOP Arizona Proprietor/Developer of the 12 months awards and designation as an Arizona Republic High Corporations to Work for in Arizona. In 2020, the agency kicked off a regional growth plan, getting into the Nevada and Utah markets with Class A industrial acquisitions. To be taught extra about Lincoln Property Firm, please go to www.lpc.com or www.lpcdesertwest.com.
