Phase one of the Park 100 LogisticsCenter in Allentown, PA.
ALLENTOWN, PA—A partnership between GLP Capital Partners andRidgeline Property Group has secured $111 million in financing forits Park 100 Logistics Center project here currently indevelopment.
The firms secured a three-year, floating-rate loan with WellsFargo Bank for Park 100 Logistics Center, a newly constructed730,080-square-foot distribution facility and an adjacent811,200-square-foot production facility that is under construction.Ridgeline Property Group is based in Atlanta,while GLP Capital is headquartered in Santa Monica, CA.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
