{"id":1004126899,"date":"2015-09-04T03:59:15","date_gmt":"2015-09-04T11:59:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360040"},"modified":"2020-04-24T08:49:45","modified_gmt":"2020-04-24T16:49:45","slug":"atapco-strengthens-presence-in-the-mid-atlantic","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/atapco-strengthens-presence-in-the-mid-atlantic\/","title":{"rendered":"Atapco Strengthens Presence in the Mid-Atlantic"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

At the start of September, Atapco Properties Inc.<\/a>\u00a0announced the acquisition of a Class B+ distribution warehouse in Beltsville, in northern Prince George\u2019s County.<\/p>\n

Atapco did not reveal how much it paid for the property located at 11700 Trolley Lane, but the company did reveal that the transaction was structured as a sale\/leaseback. PropertyShark<\/a> reports show that Rolling Frito-Lay Sales LP was the former owner, and the distribution warehouse is currently valued at $5.3 million.<\/p>\n

\u201cThe purchase of this industrial asset further strengthens Atapco\u2019s presence in top-tier industrial markets such as the Baltimore-Washington Corridor,\u201d Brian Conklin, director of acquisitions for Atapco, said in a statement. \u201cThe 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.\u201d<\/p>\n

Atapco\u2019s new distribution warehouse was constructed on a 12.83-acre site within the 169-acre Ammendale Business Campus Sout\u2014within close proximity to Ft. Meade, Washington D.C and the BWI Airport and with immediate access to I-95, I-495, Route 1 and the Intercounty Connector.\u00a0The property offers 52,000 square feet of space and, according to the new owner, it was fully leased on a short term basis at the time of the sale.<\/p>\n