Affinius Capital LLC today announced that it has originated a loan to a joint venture between Lincoln Property Company and Goldman Sachs Alternatives to finance Park 303, a 2.4 million-square-foot industrial property located in Glendale, AZ.
The property consists of three buildings ranging in size from 483,000 to 1.3 million square feet. With 40’ clear heights, 140’ truck court depths, and a combined 388 dock-high doors and 482 trailer stalls, the state-of-the-art buildings cater to modern industrial and logistics tenants. Onsite amenities include a flexible basketball-pickleball court, outdoor games area, barbecue grills, and outdoor eating area.
Affinius Capital Managing Director Tom Burns commented, “Park 303 is strategically located along Phoenix’s heavily traversed Loop 303, which provides unparalleled access to major transportation routes like US-60, US-101, and I-10. We look forward to our continued relationship with Lincoln Property Company and Goldman Sachs Alternatives as they lease up this property.”
Park 303 is situated in the Southwest Valley submarket of Phoenix, a preferred location for distribution, e-commerce, manufacturing, and logistics users.
About Affinius Capital LLC
Affinius Capital® is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $64 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
About Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs Asset Management has over $3.1 trillion in assets under supervision globally as of December 31, 2024. Follow us on LinkedIn
