Pennsylvania Logistics Center Project Secures $111M Financing Deal

The firms secured a three-year, floating-rate loan with Wells Fargo Bank for Park 100 Logistics Center, a newly constructed 730,080-square-foot distribution facility and an adjacent 811,200-square-foot production facility that is under construction.

Phase one of the Park 100 Logistics Center in Allentown, PA.

ALLENTOWN, PA—A partnership between GLP Capital Partners and Ridgeline Property Group has secured $111 million in financing for its Park 100 Logistics Center project here currently in development.

The firms secured a three-year, floating-rate loan with Wells Fargo Bank for Park 100 Logistics Center, a newly constructed 730,080-square-foot distribution facility and an adjacent 811,200-square-foot production facility that is under construction. Ridgeline Property Group is based in Atlanta, while GLP Capital is headquartered in Santa Monica, CA.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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