ATAPCO EXPANDS ITS INDUSTRIAL PORTFOLIO WITH ACQUISITION OF DISTRIBUTION WAREHOUSE IN BELTSVILLE, MD

Baltimore, MD (August 31, 2015) –Atapco Properties, Inc. (Atapco) has expanded its Mid-Atlantic industrial portfolio with the acquisition of 11700 Trolley Lane, a 52,000 SF, 30 ft clear,  Class B+ distribution warehouse building and service garage located on 12+ acres in Beltsville, MD.  The sale was structured as a sale/leaseback and the building is 100% leased on a short term basis.

11700 Trolley Lane sits on 12.83 acres and is part of the 169-acre Ammendale Business Campus South. The property has an excellent location within a developing submarket with strong transportation infrastructure to support future growth. It’s close proximity to Ft. Meade, Washington D.C and the BWI Airport; along with its immediate access to I-95, I-495, Route 1 and the Intercounty Connector make it an ideal option for prospective tenants with distribution needs.

Brian Conklin, Director of Acquisitions for Atapco Properties remarked, “The purchase of this industrial asset further strengthens Atapco’s presence in top-tier industrial markets such as the Baltimore-Washington Corridor.  The property can be expanded to twice its current size and/or be utilized by tenants with significant outdoor storage or truck parking needs. It would perfectly suit a prospective tenant looking for first-class industrial space in a readily accessible location.”

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, Delaware, Indiana, New Jersey, North Carolina, Pennsylvania, Tennessee, and Virginia, developing state-of-the-art industrial, retail, residential and mixed-use projects with an emphasis on sustainability and green building standards. For more information on Atapco Properties, visit www.atapcoproperties.com.

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