Jones Lang LaSalle Inc.
02/11/2026 | Press release | Distributed by Public on 02/11/2026 11:16
PCCP acquires 1.2M-SF distribution center in Pennsylvania's logistics corridor for $141.6M
PHILADELPHIA, Feb. 11, 2026 - JLL Capital Markets announced today the $141.6 million sale of a premier Class A industrial facility at 3419 Ritner Highway in Newville, Pennsylvania.
JLL represented the seller in the sale to PCCP LLC. Working on behalf of the new owner, JLL also secured an $82 million acquisition loan through QuadReal Property Group, a global real estate investment, development and operating company.
The state-of-the-art distribution center encompasses 1,215,240 square feet on a 93.17-acre site and maintains 100% occupancy under a long-term lease with Newell Brands, a Fortune 500 manufacturer and distributor of consumer and commercial products. The company operates a diverse portfolio of more than 50 brands across learning and development, home and commercial and outdoor and recreation segments.
The 2020-constructed facility showcases superior functionality with 36-foot clear heights, 120 dock-high doors expandable to 241, 437 trailer stalls, 265 car parking spaces and a 200-foot truck court depth.
The property's strategic positioning along Interstate 81 provides efficient distribution access throughout Pennsylvania, Maryland, and Virginia, while maintaining connectivity to critical logistics hubs including the Port of New York/New Jersey, Port of Philadelphia, Newark Liberty International Airport and Philadelphia International Airport. Located within the Northeast Distribution Corridor, the facility enables same-day delivery to over 100 million consumers across the Mid-Atlantic region.
The location delivers cost-effective access to major metropolitan markets including Harrisburg at 25 miles, Baltimore at 90 miles, Washington D.C. at 100 miles and Philadelphia at 120 miles. The surrounding 30-minute drive area encompasses a population of 164,003 with a workforce of 81,128 and an average household income of $102,066.
The JLL Capital Markets team was led by Senior Managing Director John Plower and Senior Director Ryan Cottone.
"The size and scale of this transaction demonstrates the strength of Pennsylvania's industrial market fundamentals, and the premium investors place on assets with direct Interstate access," said Plower. "The market's exceptional transportation infrastructure and business-friendly environment make it a magnet for large-scale institutional capital."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About PCCP
PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $27.9 billion in assets under management on behalf of institutional investors as of June 30, 2025. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 26-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised, or invested over $45.3 billion of capital through a series of investment vehicles, including private equity funds, separate accounts, and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $98.5 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities globally for investments in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
Jones Lang LaSalle Inc. published this content on February 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 11, 2026 at 17:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]