Dallas-based Lincoln Property Co. is diving deeper into the brokerage business. 

Courtesy of AGpicture

Lincoln Property Group’s Executive Managing Director of National Brokerage Tyler Courtney.

The firm, known for development and property management, hired Tyler Courtney to to bulk up its leasing services. Courtney until recently led Cushman & Wakefield’s Atlanta office and will now be Lincoln’s executive managing director of national brokerage, a newly created role. 

“Lincoln already has a significant portfolio of assets that we lease throughout the country and our goal is to grow our third-party portfolio,” Lincoln co-CEO David Binswanger said in a statement. “Tyler will help strengthen Lincoln’s national brokerage platform and support the growth of our local leasing teams in markets that are aiming to expand and scale their service offerings.”

Courtney started the job Monday and will work out of Lincoln’s Atlanta office, CoStar reported. He told the publication that he planned to spend the next few weeks traveling to Lincoln’s major markets — Dallas; Washington, D.C.; Boston; Chicago and Charlotte, North Carolina — to meet with local executive leadership and begin recruiting brokers to the business. 

Courtney had been with Cushman & Wakefield since 2009. He began with a focus on tenant representation and climbed the corporate ladder to become the firm’s managing principal for Atlanta.

In that role, Courtney oversaw more than 500 staff and was responsible for Cushman & Wakefield’s strategic direction and business development in Atlanta. Courtney told CoStar that leaving the brokerage was the hardest decision of his career. 

“I was drawn to Lincoln because of the firm’s entrepreneurial spirit, which allows our teams to be nimble and respond efficiently to the current market conditions,” he said in a statement. 

Lincoln’s management and leasing portfolio spans 562M SF across the U.S., United Kingdom and Europe. The firm has built more than 164M SF of commercial space since its inception in 1965 and has another $19.5B in its active development pipeline. 

Courtney is especially interested in expanding Lincoln’s agency leasing services in the industrial sector, where the glut of pandemic-era construction has shifted the market more in tenants’ favor, he told CoStar. Lincoln could also explore building its presence in the office, healthcare, medical office, retail and data center sectors, Courtney said. 

Lincoln’s decision to expand its dedicated brokerage business comes as real estate services providers expect both the leasing and sales markets to accelerate through the back half of this year and into 2026. 

Top executives at brokerages are predicting that anemic activity over the last two years and the billions in capital sitting on the sidelines will translate into more activity. But those predictions largely came before President Donald Trump kicked off a bruising trade war, and it remains to be seen how corporate leaders will react to the newly injected economic uncertainty.

“We’re all experiencing this major whiplash,” Julie Workman, real estate attorney and partner at Chicago-based law firm Saul Ewing, told Bisnow in early March. “What’s true today might not be true tomorrow, and it might not even be true tonight.”

CORRECTION, APRIL 14, 3 P.M. ET: Lincoln Property Co. hired Tyler Courtney to expand its existing leasing business. 

Lincoln Equities Group (LEG) has signed a 303,100-square-foot lease with Lesser Evil, a Connecticut-based sustainable company that makes clean, organic, less-processed snacks. Located at Lincoln Logistics 84×684 Crossings in Brewster, NY, the property will serve as a finished goods distribution site for the brand.

Newmark executive managing directors Adam Petrillo and Art Ross, managing director Bradley Soules and Analyst Jack Chatwin arranged the lease with Lesser Evil. They’re also marketing the adjacent 618,000 square feet on the campus.

“Location is key and Lesser Evil’s lease at Lincoln Logistics 84×684 Crossings puts them in a fantastic spot for its Northeast distribution facility,” said Petrillo. “With its strategic location that offers connectivity to New York City, Westchester and Connecticut markets, we look forward to welcoming Lesser Evil and future tenants to the campus.”

Located in Putnam County with accessibility to several major highways, Lincoln Logistics 84×684 Crossings offers tenants access to more than 22 million consumers within a two-hour drive.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation! 

Lincoln Property Company and joint venture partner Brasa Capital Management acquired a specialized life science facility at 10165 McKellar Ct. in San Diego for an undisclosed amount. The 79,313-square-foot property was sold by QuidelOrtho Corporation, which currently occupies the entire building and plans to vacate and relocate operations to other facilities in San Diego in 2025.

10165 McKellar Ct. is a two-story facility located in the western Sorrento Mesa submarket, a Southern California hub for life science activity. The property comprises a well-proportioned mix of purposefully built lab, warehouse and corporate office space.

“The opportunity to own a versatile asset in this market was appealing to our team and Brasa,” said Scott Moffatt, EVP of Lincoln. “Our next step will be to assess the market and the needs of current and future tenants to determine the best use-case for 10165 McKellar Court moving forward.”

Kurt Luedtke and Zac Saloff of JLL represented the seller in the negotiations.

Lincoln Property Co. (LPC) has opened Port of Vancouver USA Terminal 1, an office and retail development in southern Washington.

The two-building complex is located in the city’s waterfront district and features 366,000 square feet of Class A office space, 12,000 square feet of ground-floor retail space and commercial amenities. The office component of the project will house the new global headquarters for ZoomInfo, an artificial intelligence platform provider based in Vancouver.

The complex is adjacent to The Waterfront, a 32-acre master-planned community with several apartment buildings, office space, restaurants, shops and a $35 million riverfront park. When completed, the development will include an estimated 3,300 luxury apartments, boutique hotels and other amenities, and will generate over 4,000 permanent jobs.

The Port of Vancouver USA Terminal 1 development is situated within an Opportunity Zone. Project partners included Bridge Investment Group, Robertson & Olson Construction Inc. and architectural firms West of West and DLR Group.

Real estate private equity firm Blue Arch, Lincoln Property Company and LoanCore Capital have formed a partnership for the ownership and operation of Park Sixty, a Class-A medical office building located at 110 E. 60th St. on Manhattan’s Upper East Side. Financial terms were not disclosed.

The block-through property contains 179,000 square feet of medical office space and 7,000 square feet of retail space. It recently underwent a $20-million renovation.

“We are thrilled to partner with two industry-leading operators in Blue Arch and Lincoln to reintroduce Park Sixty as a one-stop shop for a variety of healthcare providers,” said Richard Small, managing director at LoanCore. “As home to the largest public and private healthcare systems in the U.S., New York City’s world-class medical centers and reputation for innovative research and development are unparalleled. We are confident Park Sixty’s prime location and high-quality space will support those efforts.”

Eastdil Secured acted as exclusive advisor to LoanCore.

Greenstone Partners has completed the sale of 2247-49 West Lawrence Ave. in Chicagos’ Lincoln Square neighborhood for $7.1 million. The mixed-use property features 24 apartment units and 1,950 square feet of ground-floor live work space.

Greenstone Partners’ Director Jordan Multack represented the buyer, Breneman Capital, and the seller in the transaction. “This deal was a strong investment opportunity that saw solid interest from both local and out-of-state buyers,” said Multack. “With Lincoln Square’s strong demographics, proximity to public transportation, and vibrant neighborhood, all of the fundamentals are there to make this a compelling investment.”

The property comprises 22 market-rate apartments, one office space, and two affordable apartments. The mix of the apartments features brand-new quartz countertops, white cabinets, stainless steel appliances, separate HVAC, dishwashers, on-site parking, and laundry in-units.

The former Dom’s Kitchen and Market location in Lincoln Park will be replaced by The Fresh Market, a North Carolina-based supermarket chain. The Fresh Market will take over the 2730 North Halsted Street space, which was previously home to one of two Dom’s Kitchen & Market locations in Chicago that closed abruptly in April.

A spokesperson for The Fresh Market confirmed the plans in an email to Crain’s, adding, “We understand how cherished Dom’s was to the local community, and we are committed to providing an exceptional shopping experience that honors this legacy.” The Fresh Market operates 160 locations across 22 states, with four locations throughout Illinois in Crystal Lake, Geneva, Lake Forest and Wilmette.

Foxtrot has announced plans to reopen 10 Chicago locations, beginning with stores in Old Town and Gold Coast, which will be led by the company’s founder, Mike LaVitola.

One of several Chicago-area CVS pharmacy locations that recently closed is set for redevelopment, including condos.

The site at 401 W. Armitage Avenue, which was once home to a CVS location in Lincoln Park, will be overhauled and feature residential units priced between $2 million and $3 million, according to Crain’s. Barrett Homes bought the roughly 8,850-square-foot site for $4.2 million.

Danny Glick of @properties Christie’s International Real Estate represented both the buyer, Barrett, and the seller, which Cook County records identify as Eric Roth, a New York-based real estate investor, per Crain’s. Bridgeport architecture firm 360 Design Studio will design the structure, which will include indoor parking.

Sterling Bay has listed a trio of properties near the stalled Lincoln Yards $6 billion megaproject site. The firm is selling the properties to pay off debt amid the firm’s search for a new financial partner for the 53-acre mixed-use development.

Sterling Bay has hired CBRE to market the three parcels at 1907 North Mendell Street, 1901 North Elston Street, and 1500 West Cortland Avenue, reported Crain’s. Sterling Bay has faced mounting financial pressure as it deals with the imminent need to pay off debt amid the search for a new financial partner.

Last year, the firm sold an industrial property near the Lincoln Yards site, a joint venture of Farpoint Development and Langdon Partners. The ambitious Lincoln Yards project was aimed to breathe fresh life into a former industrial site in Chicago’s North Side, with improved infrastructure and transportation, new businesses and residences, along with parks and open spaces.