Updated Oct 23, 2026
William R. Lindsay Of PCCP Acquires Ritner Logistics Center In Newville Pennsylvania For $99M
3419 Ritner Highway
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
Jan 30, 2026
About this deal
AI
The property asset involved in this transaction is a 1.2 million square foot industrial warehouse located at 3419 Ritner Highway, Newville, PA. The asset is fully leased and represented as a bulk industrial facility in Central Pennsylvania, which appeals to institutional investors due to its logistics connectivity and strategic location.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 1,200,000 SF
- Address: 3419 Ritner Highway
- Market: Newville, PA
- Buyer: William R. Lindsay
- Company: PCCP
The deal marks PCCP's acquisition of Ritner Logistics Center, occupied by Newell Brands. The strategic location of the property and its pricing in relation to replacement costs were highlighted as key motivations for the acquisition. This indicates the growing interest in bulk industrial assets in the area.
On the Map
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93