ARMADA SUPPLY CHAIN SOLUTIONS SIGNS 400,000 SF LEASE AT ANTRIM COMMONS BUSINESS PARK

Greencastle, PA (December 4, 2012):  Atapco Properties, Inc. and Chesapeake Real Estate Group, LLC, Baltimore based commercial real estate development companies, have announced that Armada Supply Chain Solutions, based in Pittsburgh, PA, will lease a new 400,000 square foot, rail-served Northeast operations facility in the Antrim Commons Business Park in Antrim Township, PA. Armada, a logistics management company that creates innovative supply chain solutions primarily for the restaurant and food industries, will more than double the size of its current Northeast location in nearby Chambersburg, PA. The state of the art facility will be LEED certified and is expected to be operational in late 2013.

“We are pleased to expand our operations in the Northeast as a result of our continued growth.  This region is an ideal location for one of our logistics centers and we look forward to being a part of the revitalization of the area.” – John Burke, CEO Armada 

Atapco and Chesapeake are developing the Antrim Commons site, which sits just north of the Maryland/Pennsylvania border.  The business park will contain more than 4 million square feet of industrial space as well as other office, retail and light commercial uses and is expected to accommodate as many as 2,000 new jobs when fully developed. The project is conveniently located at Exit 3 on Interstate 81 and adjacent to the Norfolk Southern new Intermodal Freight Facility, which is currently scheduled to be operational in early 2013.

The Developer would like to thank Congressman Bill Shuster, Pennsylvania State Senator Richard Alloway, the Antrim Township Board of Supervisors and Franklin County Area Development Corporation for their unwavering support of this project through a difficult economic period.Congressman Shuster was instrumental in helping obtain Federal Transportation Bill funds to reconfigure and improve the dated Exit 3 interchange. Senator Alloway assisted Atapco in procuring low interest financing from the Pennsylvania Industrial Bank, as well as a grant for public infrastructure construction from the Pennsylvania Redevelopment Assistance Capital Program. The Antrim Township Supervisors and Franklin County Area Development Corporation worked diligently to successfully adopt the LERTA tax abatement for the property in order to further incentivize the transaction.

"Economic development is a top priority and this is exciting news for our community. Our strong infrastructure system is critical to attracting investment and good paying jobs to our region from companies like Armada Supply Chain Solutions. I looking forward to continuing to work together to support Franklin County and create jobs.”   - Congressman Bill Shuster

“This is great news for Franklin County and the Commonwealth of Pennsylvania.  Armada’s decision to locate in the Antrim Commons Business Park is significant and will spur further development at one of the most attractive sites along the I-81 corridor.  I commend all those who worked together to bring this project to fruition.”  – Richard Alloway, PA State Senator

About Atapco Properties

Atapco Properties, a wholly owned subsidiary of American Trading and Production Corporation (Atapco), is a Baltimore based full-service commercial real estate development company whose primary focus is the acquisition, development, leasing and management of premium office, retail, industrial and mixed-use properties throughout the mid-Atlantic region of the United States.  Atapco has been in the real estate business for over five decades and currently owns and operates properties in New Jersey, Delaware, Pennsylvania, Indiana, Maryland, Virginia, and North Carolina. To find out more, please visit www.atapcoproperties.com.

About Chesapeake Real Estate Group

Chesapeake Real Estate Group, LLC is a full-service commercial brokerage, construction, and development company located in Hanover and Baltimore, Maryland. The firm is currently involved in over three million sq. ft. of industrial, office, and retail development projects, which are completed, planned, or under construction.  To find out more, please visit www.cregllc.com.

Contact:

Pat Coggins

pcoggins@atapco.com

410-347-7181

###