PCCP acquires 1.2M-SF distribution center in Pennsylvania's logistics corridor for $141.6 Million
United States, Feb. 11 -- JLL Capital Markets announced the $141.6 million sale of a premier Class A industrial facility at 3419 Ritner Highway in Newville, Pennsylvania.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 square feet 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 developmen...
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