GLP Capital Partners Acquires Industrial Building In Yorkville, Manhattan For $61.6M

The industrial building at 434 East 90th Street in Yorkville, Manhattan, has been sold in a closed property transaction for $61,600,846. The property spans a total of 118,593 square feet, resulting in a price per square foot of $519. The buyer in this transaction is Alan Yang, representing GLP Capital Partners, while the seller is Zack Linford, representing InSite Property Group.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $61,600,846
• Address: 434 East 90th Street, Yorkville, Manhattan
• Market: Yorkville, Manhattan
• Buyer: Alan Yang - GLP Capital Partners
• Seller: Zack Linford - InSite Property Group
• Square Footage: 118,593
• Price Per Square Foot: $519

It is worth noting that GLP Capital Partners, through GCP Securespace Property Holdings Sub III LLC, acquired an 89.41 percent stake in the industrial building at 434 East 90th Street from InSite Property Group's Securespace Construction Mezzanine Borrower LLC.