Atapco Sells Four-Building Industrial Portfolio for $50.6M
- May 08, 2015
By Adrian Maties, Associate Editor
At the end of April, Atapco Properties Inc., a wholly owned subsidiary of American Trading and Production Corp., announced the sale of four industrial buildings at its Steeplechase 95 International Business Park in Capitol Heights. The portfolio was sold in two related transactions for a total price of $50.6 million.
Transwestern’s Mid-Atlantic Investment Services Group brokered the transactions. The 403,792-square-foot portfolio consists of two existing, fully leased buildings and two newly delivered buildings, only partially leased.
Invesco Core Real Estate-USA purchased three of the four properties. Two of them are located at 9200 and 9260 Alaking Court. They offer 87,288 and 92,153 square feet of space, respectively. The third property is larger, with 175,854 square feet of space. It is located at 1200 Hampton Park Blvd. With this acquisition, Invesco now owns five properties in the Steeplechase 95 International Business Park.
The fourth property in the portfolio was acquired by Restaurant Depot LLC. The building is located at 1030 Hampton Park Blvd. and offers 48,038 square feet of space. It is Restaurant Depot’s second building in the park.
Atapco developed the Steeplechase 95 International Business Park on a 110-acre site off Exit 13 of the Capital Beltway. The mixed-use business park can accommodate approximately 1 million square feet of office and warehouse space. Its tenant roster includes HD Supply, Restaurant Depot, Johnson Controls and Rexel USA.
Photo credit: Atapco Properties