GLP acquires two Chicago distribution facilities for $47 mil

SINGAPORE (Feb 1): GLP, the provider of modern logistics facilities, has acquired 448,000 sf of distribution facilities in Chicago for US$33 million ($46.7 million).

The first asset is a fully leased 308,000 sf distribution building in Bedford Park. The second asset is a fully leased 139,000 sf distribution building in Western Cook County.

The buildings were acquired from institutional owners in two separate transactions and comprise multi-tenant assets 100% leased to new and existing GLP customers. With the addition of these two facilities, GLP now owns over 11 million sq ft (1 million sqm) in the Chicago market.

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