A partnership between GLP Capital Partners and Ridgeline Property Group has received $111 million in financing 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 in the Lehigh Valley community of Allentown, Pa.
JLL Capital Markets worked on behalf of the borrower.
Park 100 Logistics Center, which is being completed in two phases this year, features 36-foot clear height, 190-foot dual truck courts, ESFR sprinkler system, 56- by 50-foot column spacing, 70-foot speed bays, 982 car spaces and 376 trailer spaces. Additionally, the property is rail served via Norfolk Southern. Situated at 7352 Industrial Blvd. at the Interstate 78 and Route 100 Interchange, the facility’s Allentown location places it within 40 percent of the U.S. population within a day’s drive. Park 100 Logistics Center is in the Lehigh Valley Industrial market and has access to a
