ATAPCO PROPERTIES, INC. ANNOUNCES $50.6 MILLION SALE OF FOUR-BUILDING PORTFOLIO IN CAPITOL HEIGHTS,

Baltimore, MD | April 28, 2015:  Atapco Properties, Inc. (Atapco) is pleased to announce the sale of four buildings at its Steeplechase 95 International Business Park, located in Capitol Heights, Maryland. The buildings total 403,792 SF and were sold in two related transactions for $50.6 million.

The state-of-the art, new tilt-up industrial buildings consist of two existing, fully leased buildings and two newly delivered, partially leased buildings.

“Steeplechase 95 is the premier industrial park in the Baltimore-Washington Corridor, with on-site retail amenities that do not exist in competitive projects”, said Atapco Properties’ President, Kevin McAndrews.  “Every building delivered in the park has been leased to quality tenants soon after completion”.

Steeplechase 95 International Business Park is a multi-phased, 110-acre mixed-use business park developed by Atapco Properties.  The park is strategically located off Exit 13 of the Capital Beltway.  It is conveniently located with close proximity to Washington, D.C. and B.W.I. Airport. The park’s excellent access, outstanding visibility, well designed layout, and unmatched amenities have been key components to attract national tenants such as HD Supply, Restaurant Depot, Johnson Controls and Rexel USA.

In total, the business park can accommodate approximately one million square feet of office and warehouse space and the adjacent retail consists of eight prime pad sites and 34,000 square feet of multitenanted retail buildings, either completed or under development.

Atapco would like to recognize Mark Glagola from Transwestern who represented Atapco in the sale and Jim Lighthizer and Ed Brady from Chesapeake Real Estate Group for their leasing and marketing efforts that contributed to the success of this latest phase of the Steeplechase project.

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.