The Parking Spot Expands Footprint at Philadelphia International Airport

Chicago, Illinois (August 3, 2023) ­– The Parking Spot (“TPS”), the nation’s largest owner and operator of near-airport parking properties, announced today the acquisition by an affiliate of a second location serving the Philadelphia International Airport (“PHL”). The near-airport parking facility, known as Colonial Airport Parking (“Colonial”), has 1,349 self-park spaces. Colonial is located on the south side of PHL and will be rebranded as The Parking Spot South to complement TPS’s existing property on the north side of PHL. With this addition, TPS now operates 38 facilities at 22 airports containing more than 81,000 spaces. TPS is owned by an investment fund sponsored by Green Courte Partners, LLC (“GCP”).

Jordan Kerger, Managing Director at GCP, added, “We are pleased to expand our presence at PHL and add a location on the south side of the airport. We continue to seek opportunities to grow TPS nationally through our GCP-sponsored investment funds.”

Jed Hatfield, one of the prior owners of Colonial, added, “We’ve had a long-standing relationship with GCP. They approached us directly and were able to structure a transaction that accomplished our objectives. We were pleased with the timeline and outcome of the transaction.”

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