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500 Willow Springs Ln, York, PA 550 Willow Springs Ln, York, PA
Expressway Commerce Park
Asset ClassIndustrial
# Buildings2
% Leased: 100%Square Feet: 673,814Weighted Average Lease Term: 7.6 YearsAccess Data Room
I-81/78 Corridor New Construction
overview of deal

Overview

As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer the 100% fee interest in Expressway Commerce Park, a newly constructed, institutional-quality industrial campus located in York, Pennsylvania. The property comprises two Class A distribution facilities, 500 and 550 Willow Springs Lane, totaling 673,814 square feet situated on 57.3 acres.

 

Expressway Commerce Park is 100% leased to two tenants with a WALT of 7.6 years. 500 Willow Springs Lane (402,947 SF) is leased to Genuine Parts Company (NYSE: GPC) under a 10-year, 3-month lease through November 2035, with over $20 million of investment within the four walls. While 550 Willow Springs Lane (270,867 SF) is leased to Crane Worldwide Logistics under a 5-year, 2-month lease through July 2031. Both buildings feature best-in-class specifications designed to meet modern distribution requirements. 500 Willow Springs Lane offers 36-foot clear heights, 78 loading positions, 77 trailer parks, two drive-in doors, and a 185-foot truck court. 550 Willow Springs Lane provides 36-foot clear heights, 44 loading positions, 72 trailer parks, two drive-in doors, and a 185-foot truck court.

 

Expressway Commerce Park is strategically located in York, PA, a robust logistics industrial real estate market with superior labor and warehouse employment. Additionally, the York market is extremely land constrained with limited future development opportunities. The properties are located off exit 24 of Interstate 83, offering seamless connectivity to U.S. Route 30, I-76 (PA Turnpike), and I-81, facilitating efficient distribution to major Northeast and Mid-Atlantic population markets including New York City, Philadelphia, Baltimore, Washington, DC, and Pittsburgh, all within a four-hour drive. York County provides direct access to the Port of Baltimore within a one-hour truck drive and boasts some of the strongest labor fundamentals in Central Pennsylvania. Recognized as a premier Northeast and Mid-Atlantic manufacturing and logistics hub, York is home to nearly 600 manufacturing firms and numerous national occupiers, including Amazon, Starbucks, Chewy, FedEx, Goodyear, Harley-Davidson, L’Oréal, Caterpillar, Hill’s Pet Nutrition, UNFI, and Target.

 

With long-term leases to high-quality tenants, brand new construction, and a core logistics and manufacturing location, Expressway Commerce Park represents an opportunity to acquire a core institutional industrial investment within one of the Mid-Atlantic and Northeast’s most critical distribution corridors.

 

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Investment Highlights

Strategic Logistics Location

  • Immediate Highway Connectivity: 2 miles from I-83, 6 miles from U.S. Route 30, 13 miles from I-76 / PA Turnpike, and 24 miles from I-81
  • 30 minutes to Harrisburg International Airport and within a one-hour drive to the Port of Baltimore, supporting both air and port distribution channels
  • One-day truck access to approximately 40% of the U.S. population, including major metropolitan markets such as New York City, Philadelphia, Pittsburgh, and Washington, DC

Institutional Quality New Construction

  • Two Class A industrial buildings within a professionally planned, institutional-grade business park
  • 500 Willow Springs Lane: 36’ clear heights, 185’ truck court, 78 dock doors, and 2 drive-in doors, and over $20 million of investment within the four walls
  • 550 Willow Springs Lane: 36’ clear heights, 185’ truck court, 44 dock doors, and 2 drive-in doors

Long Term Quality Tenancy

  • Genuine Parts Company (NYSE: GPC), Baa1 (Moody’s), leased 500 Willow Springs Lane under a 123-month lease at $9.77/SF, extending through November 2035
  • Crane Worldwide Logistics leased 550 Willow Springs Lane under a 62-month lease at $9.15/SF, extending through July 2031
  • Weighted Average Lease Term (WALT): 7.6 years

Proven and Durable Industrial Market

  • 13.8 million square feet of leasing activity along the I-81/78 Corridor in 2025
  • Asking rents increased 61% over the past five years in Central Pennsylvania
  • York County boasts nearly 600 manufacturing firms and the strongest labor statistics in Central PA
  • York County occupancy rate currently sits at 92.8%
  • York County has high barriers to entry and is a very land-constrained market with limited development opportunities

 

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500 Willow Springs LnYork, PA 17406

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