SOURCE: Lincoln Property Company

Lincoln Property Company

Lincoln Property Company

June 28, 2011 09:36 ET

HQ Global Workplaces Leases 21,285 SF in Paradise Village Office Park in Phoenix

PHOENIX, AZ--(Marketwire - Jun 28, 2011) - Lincoln Property Company and Sterling American Property, Inc. announced that HQ Global Workplaces, Inc. has leased 21,285 square feet in Paradise Village Office Park, a 268,598-square-foot Class A office building located at 11811 N. Tatum Blvd. in Phoenix, Arizona. Paradise Village Office Park is owned as a joint venture by Lincoln Property Company and New York-based Sterling American Property, Inc.

HQ Global Workplaces is a brand of the Regus Group, the world's largest provider of outsourced workplaces for companies of any size. The Regus Group Network has 1100 Business centers in 85 countries and provides more than 100,000 clients with flexible and cost-effective workplace options to meet their specific needs.

"The fact that an executive suite provider would renew for such a large square footage is a testament to the strength of the sub-market," said Cooper Sutherland, Vice President I Real Estate, Lincoln Property Company.

"Paradise Village Office Park offers an excellent location in both proximity to amenities and its convenience to points around the Valley," added Matt Harvey, Vice President of Sterling American. "Leasing activity for this property continues to be strong."

The landlords were represented by Cooper Sutherland of Lincoln Property Company. The tenant was represented by Kevin Calihan and Baron Aldrine of CB Richard Ellis.

Paradise Village Office Park is a five-story, multi-tenant office building located near exclusive Paradise Valley and boasts proximity to numerous amenities. It is in walking distance of restaurants, shopping, lodging and recreation venues surrounding Paradise Valley Mall, including the championship Stonecreek Golf Club.

Lincoln Property Company manages the property, which features a five-story atrium containing a modern water feature. The building was recently remodeled with a new lobby, elevators, common area finishes and enhanced landscaping.

LINCOLN PROPERTY COMPANY

Founded in 1965, Lincoln Property Company (Lincoln) is nationally recognized for its full-service, vertically integrated institutional investment and property management platform. Lincoln has approximately 4,400 employees and maintains a presence in more than 200 U.S. cities and 10 countries. Since 1965, Lincoln has acquired and developed approximately $34.3 billion of residential and commercial property. The company currently manages over 119 million square feet in the United States. Lincoln is ranked by Commercial Property News as one of the largest developers and property managers in the United States.

Lincoln's West Regional office, based in Phoenix, Arizona, has developed in excess of 2.9 million square feet, acquired 2.1 million square feet and manages 4.7 million square feet of commercial space. We are consistently highly ranked in the Phoenix Business Journal Book of Lists. For more information, visit www.lpcphx.com.

Sterling American Property, Inc.
Sterling American Property, Inc. operates from New York where senior management oversees more than 200 employees. Sterling American Property, Inc. is nationally recognized for its ability to respond quickly and with entrepreneurial agility to opportunities and market changes. To date, the Sterling American Funds have invested in over $4.5 billion of assets in 43 states. These funds include over 29,000 residential units, 9.2 million square feet of office and industrial/retail space and including SAP I, over $1 billion dollars in mortgage notes and loans.

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