Lincoln Buys 5 Ariz. Industrial Properties

Law360, New York (December 2, 2011, 1:19 PM EST) -- Lincoln Property Co. has purchased five industrial buildings in Phoenix with 340,646 square feet of space from Cornerstone Real Estate Funds for an undisclosed sum, the real estate management and development firm said Friday.

"These properties are what Lincoln Property Company is looking for in an acquisition — institutional quality in core locations," Lincoln Property executive vice president David Krumwiede said.

The properties, which Lincoln Property will manage, include Deer Valley, just south of the Phoenix Deer Valley Airport with 180,985 square feet of space; and...
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