The warehouse at 84 Zions View Street is absolutely air conditioned. Picture courtesy of JLL
A 1 million-square-foot industrial facility in Manchester, Pa., has modified arms for $110.3 million. The earlier proprietor was GLP Capital Companions, based on CommercialEdge info. JLL Capital Markets assisted within the disposition of the absolutely leased property.
The asset beforehand traded in 2020, when GLP bought it from DHL Provide Chain for $85.2 million, the identical supply reveals.
Accomplished in 2019, the Class A cross-dock constructing options 36-foot clear heights, 88 dock-high loading doorways, three drive-in doorways, 126 trailer stalls and 455 parking areas. As well as, the ability is absolutely air conditioned and consists of chilly space for storing. Tenants embrace DHL, Bayer and GSK.
Situated at 84 Zions View Street, the 102-acre property gives easy accessibility to Interstate 83. Baltimore/Washington Worldwide Thurgood Marshall Airport is 75 miles away, whereas downtown Baltimore is a few 62 miles south.
The JLL Capital Markets staff which represented the vendor included Senior Managing Administrators John Plower and John Huguenard, Director Ryan Cottone, Affiliate Zach Maguire and Analyst Jordan Schwartz, along with Govt Managing Director Jeff Lockard and Govt Vice President Maria Ratzlaff.
GLP Capital Companions, the funding and asset administration arm of GLP, had $125 billion in belongings underneath administration on the finish of March. The agency’s 2023 acquisitions included a 730,000-square-foot industrial campus in Corona, Calif., and a 203,000-square-foot distribution heart in Monroe Township, N.J.
