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Fishel, Mikula and Van Cleef of JLL arrange $111 million financing for PA logistics center


Allentown, PA — JLL Capital Markets has arranged $111 million in financing for Park 100 Logistics Center, a newly constructed 730,080 s/f distribution facility and an adjacent 811,200 s/f production facility that is under construction in the Lehigh Valley community of Allentown.JLL worked on behalf of the borrower, a partnership between GLP Capital Partners (GCP) and Ridgeline Property Group, to place the three-year, floating-rate loan with Wells Fargo Bank.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. READ MORE

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