GLP Capital Partners Inc. Acquires High-Quality Assets in Key Atlanta and San Francisco Submarkets

LOS ANGELES, June 28, 2024 – GLP Capital Partners Inc. (“GCP US”) today announced that it has acquired Braselton Commerce Center (“Braselton”) in Atlanta, GA and Pinole Point Business Park (“Pinole Point”) in San Francisco’s East Bay region. These investments align with GCP US’ strategy of acquiring Class A assets in supply-constrained markets with durable demand drivers.

Braselton is a fully occupied, 1.1 million SF cross-dock distribution center in the I-85 Northeast submarket of Atlanta, which serves as a critical distribution hub for inventory arriving through the Port of Savannah. Braselton is GCP US’ third recent acquisition in Atlanta, which is projected to be one of the highest rent growth markets in the US over the next five years, according to Green Street.

Pinole Point is a 475,000 SF, three-building logistics park located in an infill San Francisco submarket near the Port of Oakland. The Class A buildings are fully occupied by a diverse group of long-tenured tenants. GCP US believes the submarket will benefit from high barriers to new supply, including limited developable land and increasing regulatory requirements for new construction.

“These investments continue our strategy of acquiring Class A assets in supply-constrained submarkets below replacement cost,” said Adam Berns, Chief Investment Officer at GCP US. “We will continue to focus on investing in high-growth Sunbelt markets with intermodal infrastructure and infill coastal markets with dense populations and growing barriers to new supply.”

About GLP Capital Partners Inc. (“GCP US”)

GLP Capital Partners Inc (“GCP US”) is a registered investment adviser that primarily focuses on uncovering advantaged opportunities in logistics, digital infrastructure, energy transition, self-storage and related technologies. GCP US is part of GLP Capital Partners Limited (“GCP”), a leading global alternative asset manager with approximately $124 billion in total assets under management, but it is operated independently. To learn more about GCP, visit www.gcp.com.

Media Contact
Kathleen Allen
VP, Marketing and Communications
kallen@gcp.com