PHILADELPHIA, Dec. 17, 2025 –  JLL Capital Markets announced today the sale of a 251,043-square-foot, mission-critical distribution facility at 12316 Molly Pitcher Highway in Greencastle, Pennsylvania.

JLL represented the seller, Atapco Properties, Inc., in the transaction.

The Class A warehouse and distribution facility sits on 32.80 acres and is fully leased to the United States Government. Completed in 2023, the state-of-the-art cross-dock facility features 32-foot clear heights, 45 dock-high doors, three drive-in doors and 130-foot truck court depth. The property includes substantial infrastructure with 300 off-dock trailer parking spaces, 125 car parking spaces, vehicle repair and wash bays and climate-controlled storage areas.

Located immediately adjacent to Interstate 81 on the Pennsylvania-Maryland border, the property provides strategic access to major Mid-Atlantic distribution networks and population centers. The facility's position along this critical logistics corridor enables connectivity to more than 50% of the nation's population within a one-day truck drive, including major metropolitan markets such as Baltimore, Washington, D.C., Philadelphia and New York.

The sale reflects the robust fundamentals driving Central Pennsylvania's industrial market, which continues to attract institutional capital seeking stable, long-term investments. The region maintains an exceptionally tight 3.6% vacancy rate with strong momentum from 6.97 million square feet of net absorption year-to-date.

The JLL Investment Sales and Advisory team included Senior Managing Director John Plower and Senior Director Ryan Cottone. JLL's Government Investor Services team, including Senior Managing Directors Austin Sanders and Howard Traul III, provided specialized advisory services for the government-leased asset.

"Located in the sought-after I-81 Logistics Corridor, the property offered the opportunity to acquire a highly functional asset with long-term returns and bond-like stability," said Plower. "The strengthening Central Pennsylvania industrial market, characterized by tight vacancy rates and limited supply pipeline, continues to attract institutional capital seeking stable, long-term investments in prime logistics locations."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Atapco Properties is a wholly owned subsidiary of American Trading and Production Corporation, which was originally formed in 1931 to consolidate, expand and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO). Atapco Properties is active in Maryland, Indiana, Delaware, North Carolina, Pennsylvania, and Virginia, developing state-of-the-art industrial, retail, residential, office and mixed-use projects with an emphasis on sustainability and green building standards. For more information on Atapco Properties, visit www.atapcoproperties.com.