Lincoln Property Company’s Southwest division, LPC Desert West, and partner Goldman Sachs have signed leading mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor.
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Development
Tempur-Pedic signs lease in Tolleson
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Independent Newsmedia
Lincoln Property Co.'s Southwest division, LPC Desert West, and partner Goldman Sachs have signed mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85 along the Valley's Interstate 10 corridor.
The lease brings a $60 million warehouse and distribution project.
Under the 321,892-square-foot lease, Buckeye85 will become home to a new Tempur-Pedic distribution center, continuing to expand the company’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,” said Lincoln Property Senior Vice President John Orsak.
Buckeye85 is on 20 acres at 10333 W. Buckeye Road, at the southwest corner of 103rd Avenue and Buckeye Road/MC-85 Highway in Tolleson.
It is two miles from a full-diamond interchange at Interstate 10 and 107th Avenue, within an e-commerce market that is home to companies such as Amazon, McKesson, Pepsico, Kroger and Home Depot.
Features of the building include 36-foot clear height, full concrete truck courts and a 95-door cross-dock configuration. Buckeye85 also provides creative amenities such as smart technology throughout and an employee-centric outdoor amenity space with shaded and landscaped areas, built-in barbeque equipment and seating for relaxing, outdoor dining and games.
JLL Managing Director Riley Gilbert represented Tempur-Pedic in the lease agreement, bringing the company’s overall Phoenix industrial presence to nearly 1.5 million square feet across multiple buildings.
“Buckeye85 places Tempur-Pedic vitally close to key employment pools and population centers, in a market with a very attractive cost of doing business,” said Gilbert. “From a logistics perspective, the property offers direct access to the MC-85 thoroughfare, minutes from Interstate 10 and five hours from the ports of Southern California. These are highly attractive advantages in a Phoenix industrial market that is rapidly developing new barriers to entry.”
