GLP leases 340,000 sq ft logistics facility in northern New Jersey

By Tan Chee Yuen / Global Logistic Properties | June 16, 2016 9:00 AM SGT
Singapore-listed Global Logistic Properties has leased 340,000 sq ft of logistics space in the US to a repeat customer. The entire facility, located in northern New Jersey, has been leased to a global logistics firm.
Located off I-95 in the largely institutional Exit 8A submarket of New Jersey, GLP’s property provides access to key distribution channels and a large population of end-users in the East Coast.
GLP is a global provider of modern logistics facilities. It develops, owns and manages a portfolio of 559 million sq ft of logistics facilities across China, Japan, the US and Brazil. GLP’s total owned and managed assets amounted to US$36 billion ($48.8 billion) as at March 31.