By Lincoln Property Company
Lincoln Property Company has announced the purchase of a 191KSF, partially occupied data center in Chandler. The company plans to build out the facility’s vacant shell space, delivering new turnkey data center inventory and making cooling system improvements that could save millions of gallons of water monthly.
The data center property is located on 14.5 acres at 2500 W. Frye Road, at the intersection of the Loop 101 and Loop 202 freeways, within the Price Road technology corridor.
The Frye Road property offers 28MW of confirmed utility power, served by an existing and dedicated on-site Salt River Project substation. It features four data center halls, one of which is fully leased to a Fortune 500 enterprise user. Lincoln plans to fit out the remaining three halls, adding 16MW of critical capacity and positioning the building for immediate lease-up. An initial 4.2MW is targeted for delivery in early Q1 2026.
Lincoln will also transition the project from an evaporative cooled to air cooled mechanical system, creating the potential for up to 3 million gallons of water savings/month for the City of Chandler. The site is planned for additional development, which was approved by the City of Chandler as part of a development agreement initiated by the property’s previous owner.
Kristina Metzger, Ben Wobschall and Mark Krison of CBRE represented the seller in the Frye Road facility sale. Lincoln will serve as the building’s property manager. Leasing will be handled by Lincoln’s data center leasing team.
Lincoln has a unique history at the Frye Road property, serving as its owner after acquiring the building in 2018 as part of a larger data center portfolio. It sold the asset in 2019 to the current seller.
According to CBRE, metro Phoenix ranks as the nation’s fourth largest data center market, with steady demand and absorption pushing vacancy rates below 2%.
The Frye Road facility adds to that new data center inventory, bringing Lincoln’s robust metro Phoenix footprint to 23.2MSF of owned and managed space across Class A office and industrial projects.
For leasing at 2500 W. Frye, contact Lincoln Property Company Director of Data Center Leasing Rob Doretti at rob.doretti@lpc.com.
To discuss ongoing development, acquisition, property management or leasing opportunities with Lincoln in metro Phoenix, call David Krumwiede or John Orsak at (602) 912-8888.
