GLP extends 3.6 million sq ft of leases with key customer in the US

GLP extends 3.6 million sq ft of leases with key customer in the US

Posted By : STAT Trade Times


Jan 12, 2017: GLP, a leading global provider of modern logistics facilities, has signed long-term lease extensions with a leading global appliance company accounting for 3.6 million square feet (334,000 square metres) at three US facilities in Columbus (Ohio), Atlanta (Georgia) and Orlando (Florida).

The Ohio property is in the largely institutional Southeastern submarket near Rickenbacker Airport, which provides excellent proximity to key distribution channels throughout the Midwest.

The Atlanta property has immediate access to I-75 and is effectively positioned to allow access to the coastal ports and end users throughout the Southeast to maximise intermodal transportation networks.

The Orlando property is located near the Florida Turnpike and has flexibility to nearly double its current capacity to accommodate the customers’ growth.

Amy Curry, GLP’s Eastern regional director, said, “GLP places a strong emphasis on superior long-term relationships with our customers. These lease extensions confirm that our strategic network of state-of-the-art logistics facilities are beneficial to our customers’ businesses.”

Currently, GLP’s portfolio in the US comprises 173 million square feet (16 million square metres) of modern logistics facilities.

The company is also the largest provider of modern logistics facilities in China, Japan and Brazil.