Full-service commercial real estate firm Lincoln Property Company (Lincoln) and Goldman Sachs today announced the sale of the 1.27 million-square-foot “Building C” industrial building at Luke Field to a Fortune 500 company. Walmart is the buyer and the sale price of $152,161,730 marks the highest industrial sale in Arizona of 2025.

The deal marks the largest Arizona industrial building sale of the year and is the first tenant commitment at Lincoln’s recently completed Luke Field – a 140-acre, 2.4 million-square-foot LEED Gold Certified logistics park in Glendale, Arizona.

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Located at 13803 and 13543 Northern Ave., and 7733 Litchfield Rd. in Glendale, Arizona, Luke Field spans three Class A industrial buildings: a 695,750-square-

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