Lincoln Property Company and Artemis Real Estate Partners Acquire Class A Industrial Facility in Orange County

ORANGE, Calif. (October 29, 2025) – Lincoln Property Company (“Lincoln”), a global full-service real estate firm, and Artemis Real Estate Partners (“Artemis”), a real estate investment manager, have acquired 2164 N. Batavia Street, a 250,000 square-foot Class A industrial facility.

Built in 1995, the property originally served as home to liquor distributor Young’s Market Company. Since 2010, the warehouse has been the headquarters for Paper Mart, a packaging supply company, which currently occupies 100% of the building. The seller and Paper Mart owner, Frick Family Properties, entered into a 12-month sale lease back upon closing. Under Lincoln and Artemis’ ownership, this will be the first time the property will become available for lease.

Strategically located in the city of Orange between Lincoln and Taft, 2164 N. Batavia Street is centrally positioned in the heart of Orange County’s premier warehouse district and offers convenient access to major freeways for both employees and truckers. The modern industrial facility boasts state-of-the-art features, including 36’ clear heights, 35 dock-high loading doors, skylights, ESFR sprinklers and LED warehouse lighting as well as above-standard on-site office space and parking.

“This joint venture acquisition with Artemis advances Lincoln’s strategy to expand our Class A industrial footprint in one of the nation’s most supply-constrained, high-demand markets,” said Parke Miller, Executive Vice President at Lincoln Property Company. “Adding 2164 N. Batavia Street to our Southern California infill portfolio enables us to meet evolving tenant demand with high-quality, flexible industrial space while leveraging Lincoln’s full-service investment and management capabilities.”

2164 N. Batavia represents the first joint venture between Lincoln and Artemis in over a decade. This transaction is a testament to the strong industrial marketplace in Southern California and the continuing high demand for Class A facilities, especially in infill markets, as well as confidence in the long-term value of this major industrial property.

“Our partnership with Lincoln on 2164 N. Batavia underscores Artemis’ conviction in the strength and resilience of Class A infill industrial assets,” said Jonathan Rainford from Artemis. “As Orange County continues to outperform, this facility provides the modern infrastructure tenants require to operate efficiently.”

Over the next year, Lincoln plans to reinvest in the property through strategic improvements and subsequently lease the space to a new tenant following the initial 12-month leaseback. In addition to co-owning the facility, Lincoln will assume responsibility for property management and asset management.

Christian Tober of Lincoln Property Company led the acquisition for the partnership. Louis Friedel and Keith Rosso of Berkadia sourced financing for the investment. Jeff Read of Newmark will handle leasing.

About Lincoln Property Company 

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 680 million square feet of commercial space. For more information, visit: www.lpc.com.

About Artemis Real Estate Partners

Artemis Real Estate Partners, a Barings company is a real estate investment platform that has acquired over $18 billion gross purchase price of assets in more than 350 investments since its founding in 2009. Artemis is based in Washington, DC, and makes equity and debt investments across the U.S. in core, core plus, value add and opportunistic real estate. Artemis specializes in joint venture partnerships with established, diverse, and emerging operating partners and direct investments. To learn more, visit ArtemisREP.com.