David Krumwiede, Nick Nudo, Justin Arnitz advance to direct local and regional growth
Leading developer and property manager Lincoln Property Company (LPC) has promoted three within its Desert West development and leadership team: David Krumwiede, Nick Nudo and Justin Arnitz.
In his new role as Senior Executive Vice President, Krumwiede will continue to direct LPC’s award-winning metro Phoenix presence while also advancing a strategic multi-market expansion of LPC Desert West across its region of Arizona, Nevada, Utah and New Mexico.
Nudo has been promoted to Director of Real Estate, focusing on leasing for the firm’s Class A office and industrial space in the Desert West region. Arnitz, who advances from Real Estate Associate to Associate Director of Real Estate, focuses on LPC Desert West development and acquisitions, and collaborates with Nudo on property leasing efforts.
“This year marks the 20th anniversary of the LPC Phoenix office,” said Krumwiede. “It has been an honor to serve Lincoln over the past two decades and to establish – and continue to grow – our talented team and our high-quality, highly creative market presence.
Across his career, Krumwiede has managed the development and acquisition of more than 22 million square feet of space, including the development of almost 15 million square feet of Class A office, industrial, retail and mixed-use product.
Since establishing the Phoenix LPC office in 2001, Krumwiede has directed the development of 9 million square feet, the acquisition of 6 million square feet and has built a property management portfolio of more than 10 million square feet of owned and third-party Class A office, retail and industrial space across the Desert West region.
Recent landmark projects by LPC Desert West include development of the first two (of eight) Class A office buildings at The Grand at Papago Park Center in Tempe, Arizona; the Class A Lincoln Logistics 40 and Park303 industrial employment centers in Phoenix’s West Valley; and the Class A Waypoint and Union office projects at the confluence of Scottsdale, Tempe and Mesa, Arizona. Upon their disposition, Waypoint, Grand1, Grand2 and Lincoln Logistics 40 earned record-breaking sale prices.
Cumulative activity by LPC Desert West has earned the team numerous awards, including back-to-back 2018 and 2019 NAIOP Arizona Owner/Developer of the Year.
In 2020, LPC Desert West kicked off a regional expansion strategy with the purchase of more than 1 million square feet of industrial space spanning 12 buildings in Las Vegas and greater Salt Lake City. These projects include: Hughes Airport Center, West Craig Industrial Center, Access Park and Pacific Landing.
Prior to joining LPC, Krumwiede served for 15 years at Opus West Corp., rising to the position of Vice President. He is an alumni of Arizona State University, an active member and former Chairman of NAIOP Arizona, and an Honorary Commander for Luke Air Force Base.
Nudo previously served LPC as a Senior Real Estate Associate, and held Senior Associate and Associate broker positions at Cushman & Wakefield and Lee & Associates. Arnitz previously served LPC as Real Estate Associate.
Nudo holds a bachelor’s degree in Regional Development/Business from the University of Arizona. Arnitz graduated from Point Loma Nazarene University with a bachelor’s degree in Business Administration. Both are active members of NAIOP.
The Desert West team continues to pursue acquisition and development opportunities across the region. To learn more contact Krumwiede or John Orsak at 602.912.8888.