PCCP acquires 1.2M s/f distribution center in PA’s logistics corridor for $141.6M

JLL Capital Markets secures sale and financing from QuadReal

Newville, PA — JLL Capital Markets announced the $141.6 million sale of a premier class A industrial facility at 3419 Ritner Hwy. in Newville.

JLL represented the seller in the sale to PCCP LLC. Working on behalf of the new owner, JLL also secured an $82 million acquisition loan through QuadReal Property Group, a global real estate investment, development and operating company.

The state-of-the-art distribution center encompasses 1,215,240 s/f on a 93.17-acre site and maintains 100% occupancy under a long-term lease with Newell Brands, a Fortune 500 manufacturer and distributor of consumer and commercial products. The company operates a diverse portfolio of more than 50 brands across learning and development, home and commercial and outdoor and recreation segments.

The 2020-constructed facility showcases superior functionality with 36-foot clear heights, 120 dock-high doors expandable to 241, 437 trailer stalls, 265 car parking spaces and a 200-foot truck court depth.

The property’s strategic positioning along Interstate 81 provides efficient distribution access throughout Pennsylvania, Maryland, and Virginia, while maintaining connectivity to critical logistics hubs including the Port of New York/New Jersey, Port of Philadelphia, Newark Liberty International Airport and Philadelphia International Airport. Located within the Northeast Distribution Corridor, the facility enables same-day delivery to over 100 million consumers across the Mid-Atlantic region.

The location delivers cost-effective access to major metropolitan markets including Harrisburg at 25 miles, Baltimore at 90 miles, Washington D.C. at 100 miles and Philadelphia at 120 miles. The surrounding 30-minute drive area encompasses a population of 164,003 with a workforce of 81,128 and an average household income of $102,066.

The JLL Capital Markets team was led by senior managing director John Plower and senior director Ryan Cottone.

“The size and scale of this transaction demonstrates the strength of Pennsylvania’s industrial market fundamentals, and the premium investors place on assets with direct Interstate access,” said Plower. “The market’s exceptional transportation infrastructure and business-friendly environment make it a magnet for large-scale institutional capital.”