Real estate firm Hines and MetLife Investment Management (MIM) has commenced construction on the first phase of Tabler Station Logistics Park in Martinsburg, West Virginia, US.
Located on a 145-acre site access to I-81, the first phase will include construction of two Class A, industrial buildings, totalling more than 730,000ft2 of space.
Go deeper with GlobalData
Both buildings will feature a cross-dock configuration with 450ft building depths, 40ft clear heights at first column, 185ft-deep truck courts as well as full building circulation with easily separated car and trailer traffic.
Construction work on the first phase of the project is anticipated to be completed in the fourth quarter of next year.
Upon completion, Tabler Station Logistics Park will comprise three buildings with total industrial space of around 1,600,000ft2.
Hines managing director Tom Griggs said: “We are thrilled to expand Hines’ industrial presence to the East Region.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“This is a strong, strategic market, with abundant labour and we look forward to delivering best-in-class logistics product to the area to meet future tenant and fulfilment needs.”
Powers Brown Architects and Pennoni Engineering have designed the project and RS Mowery is constructing the first phase.
Wells Fargo has been appointed to provide construction financing for the first phase and Hines is collaborating with MetLife Core Plus Partners (MCPP).
MetLife Investment Management Washington D.C. region managing director Jeanine Lester said: “We are excited to be a part of this project, which represents the second venture between Hines and MCPP.
“This is an exceptional opportunity to develop a state-of-the-art industrial project in the path of industrial growth.”
———————————————————————————————————————-
Rendering of an industrial building of Tabler Station Logistics Park in West Virginia. Credit: Hines.
