Glendale, AZ - June 24, 2026- Lincoln Property Company ("Lincoln"), a global, full-service real estate firm with over $31 billion of assets under management, has executed two full-building leases at its 2.4 million-square-foot Luke Field development in Glendale, Arizona.

Totaling over 1.1 million square feet, the commitments bring the Class A, three building, LEED certified logistics campus to 100% occupied.

The new user, a leading company in the artificial intelligence sector, will occupy Luke Field's 695,750-square-foot Building A and 454,761-square-foot Building B. It joins existing Luke Field tenant, Walmart, which purchased the project's 1.28-million-square-foot Building C in late 2025 for $152 million. The deal marked Arizona's largest industrial building sale of the year.

Luke Field is located at 13543 A and 13543 B Northern Ave., and 7733 Litchfield Rd. The 140-acre development sits at the southeast corner of Litchfield Road and Northern Avenue, bordered by Luke Air Force Base and the high-capacity Northern Parkway. The location provides direct connectivity between Loop 303 and Loop 101/US 60/Grand Avenue.

"Speed to market was essential for this tenant. It selected Luke Field after a multi-market search, citing the project's design, location and move-in-ready improvements as deciding factors in its lease decision," said Lincoln Executive Vice President John Orsak. "Aligning on any million-square-foot requirement is an achievement, but doing so this quickly is a testament to the foresight that this project team built into Luke Field from the start."

Developed by Lincoln and Goldman Sachs, Luke Field's buildings feature 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 interior light.

The campus also offers Lincoln's trademark "creative industrial" amenities, such as barbeque stations, a shaded outdoor eating area and employee collaboration spaces.

Earlier this year, Luke Field achieved LEED Gold v4 for a Core & Shell and Warehouse Distribution Center, becoming Arizona's highest-scoring LEED industrial building. Sustainability features exceed industry standards with 59% energy savings, 77% total water savings, 87% outdoor water savings, 61% landfill diversion, 20% recycled content and the use of more than 20 materials recognized as low-impact and responsibly sourced.

"Luke Field has redefined what modern logistics space can deliver," said Lincoln Vice President of Development Michael Monroe. "Seeing it reach full occupancy with tenants that can benefit from its operational advantages and workplace environment is especially meaningful. We look forward to the success that these tenants will achieve here."

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 served as the developer, leasing agent and property manager for Luke Field. The new tenant was represented by Bob Mohr and Elizabeth Loving of Mohr Partners Inc.

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

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About Lincoln Property Company

Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: https://www.lpc.com.