$130M paid for former Donnelley-LSC printing plants in Lancaster

An investment group paid $130 million for two former R.R. Donnelley/LSC Communications printing plants in Lancaster city, where it intends to develop data centers for AI and cloud computing.

The prices for 216 Greenfield Road and 1375 Harrisburg Pike appeared in deeds recorded in the county courthouse this week.

In a deal between privately-held companies finalized this week, New York-based Machine Investment Group purchased the sites from LSC Communications MCL, an affiliate of Connecticut-based Atlas Holdings.

Machine paid $70.4 million for the Greenfield Road location, a nearly 759,000-square-foot facility sitting on 54 acres with a neighboring 24-acre property located just over the East Lampeter Township line.

It paid $59.6 million for the Harrisburg Pike plant, which is about 800,000 square feet sitting on 57.4 acres and a neighboring 8.7-acre property located just over the Manheim Township line.

Machine has investments in office, apartment and industrial projects, and is currently partnering to redevelop a pharmaceutical company campus in New Jersey into data center and research facilities. Cloud computing startup CoreWeave reportedly plans to invest over $1 billion into a 280,000 square-foot data center at that facility. A spokesperson declined to comment on Friday.

Atlas Holdings, a private equity firm, acquired the sites in 2020 when it purchased LSC Communications out of bankruptcy. According to county property records, Atlas paid $34.8 million for the Greenfield Road site and $25.3 million for 1375 Harrisburg Pike. The two plants ceased operations in 2023.