{"id":1004694283,"date":"2023-12-15T02:44:18","date_gmt":"2023-12-15T10:44:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004694283"},"modified":"2023-12-15T05:18:39","modified_gmt":"2023-12-15T13:18:39","slug":"glp-capital-partners-sells-110m-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/","title":{"rendered":"GLP Capital Partners Sells Industrial Facility for $110M"},"content":{"rendered":"
\"84<\/a>

The warehouse at 84 Zions View Road is fully air conditioned. Image courtesy of JLL<\/em><\/p><\/div>\n

A 1 million-square-foot industrial facility in Manchester, Pa., has changed hands for $110.3 million. The previous owner was GLP Capital Partners<\/strong>, according to CommercialEdge information.\u00a0JLL Capital Markets<\/strong> assisted in the disposition of the fully leased property.<\/p>\n

The asset previously traded in 2020, when GLP purchased it from DHL Supply Chain<\/strong> for $85.2 million, the same source shows.<\/p>\n

Completed in 2019, the Class A cross-dock building features 36-foot clear heights, 88 dock-high loading doors, three drive-in doors, 126 trailer stalls and 455 parking spaces. In addition, the facility is fully air conditioned and includes cold storage space. Tenants include DHL, Bayer and GSK.<\/p>\n

Located at 84 Zions View Road, the 102-acre property provides easy access to Interstate 83. Baltimore\/Washington International Thurgood Marshall Airport is 75 miles away, while downtown Baltimore is some 62 miles south.<\/p>\n

The JLL Capital Markets team which represented the seller included Senior Managing Directors John Plower and John Huguenard, Director Ryan Cottone, Associate Zach Maguire and Analyst Jordan Schwartz, together with Executive Managing Director Jeff Lockard and Executive Vice President Maria Ratzlaff.<\/p>\n

GLP Capital Partners, the investment and asset management arm of GLP, had $125 billion<\/span> in assets under management at the end of March.<\/span> The firm’s 2023 acquisitions included a 730,000-square-foot industrial campus<\/a> in Corona, Calif., and a 203,000-square-foot distribution center<\/a> in Monroe Township, N.J.<\/p>\n","protected":false},"excerpt":{"rendered":"

This property previously traded for $85.2 million in 2020.<\/p>\n","protected":false},"author":3355,"featured_media":1004694287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,11,21742],"tags":[51762,52166,44006],"class_list":["post-1004694283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-midatlantic","category-latest","tag-dhl-supply-chain","tag-glp-capital-partners","tag-jll-capital-markets"],"acf":[],"yoast_head":"\nGLP Capital Partners Sells Industrial Facility for $110M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"GLP Capital Partners has sold 84 Zions View Road, a 1 million-square-foot industrial facility in Manchester, Pa., for $110.3 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GLP Capital Partners Sells Industrial Facility for $110M\" \/>\n<meta property=\"og:description\" content=\"GLP Capital Partners has sold 84 Zions View Road, a 1 million-square-foot industrial facility in Manchester, Pa., for $110.3 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-15T10:44:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-15T13:18:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/84-zions-view-rd-e1702628829220.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2284\" \/>\n\t<meta property=\"og:image:height\" content=\"1713\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/\",\"name\":\"GLP Capital Partners Sells Industrial Facility for $110M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/84-zions-view-rd-e1702628829220.jpg\",\"datePublished\":\"2023-12-15T10:44:18+00:00\",\"dateModified\":\"2023-12-15T13:18:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"GLP Capital Partners has sold 84 Zions View Road, a 1 million-square-foot industrial facility in Manchester, Pa., for $110.3 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glp-capital-partners-sells-110m-industrial-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/84-zions-view-rd-e1702628829220.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/84-zions-view-rd-e1702628829220.jpg\",\"width\":2284,\"height\":1713,\"caption\":\"84 Zions View Road is fully air conditioned. 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