The Meridian Group (TMG) and Wickshire Industrial will break ground this week on One Logistics Park, a premier development featuring 2.7 million square feet (SF) of Class A industrial space in Winchester, Va.
Developed by TMG in partnership with Wickshire Industrial, One Logistics Park is strategically located near I-81, a strategic distribution corridor for the East Coast.
The multi-phased, master-planned project is beginning Phase 1 construction this month with a Shockey-designed 1.024 million-SF tilt-up concrete, cross-dock industrial building. It will feature a 40-foot clear height, 50-foot-by-54-foot column spacing, 65-foot speed bays, 250 trailer drops and 230 parking spaces. The facility also will offer full-building circulation and top-of-the-line infrastructure and finishes, with numerous build-to-suit options based on tenants’ needs.
“We are firm believers that the industrial market — and tenant demand — will remain robust despite economic headwinds,” said Kyle Maurer, Senior Vice President of TMG. “Given its location and premier design, our first building is poised to be a key component of users’ supply chain solutions. We are thrilled to finally commence construction on this exciting project.”
TMG, a real estate investment and development firm based in Bethesda, Md., acquired the 277-acre property late last year. It is ideally located along I-81 — the transportation backbone of the East Coast — and will offer easy access to the Baltimore-Washington area via I-66 and I-70, as well as to the Virginia Inland Port that’s located nearby.
Once completed, One Logistics Park will feature 2.7 million SF of premier distribution logistics space and over 100,000 SF of space for gas service, quick service restaurants and other retail.
Wickshire Industrial, a Wickshire Group company, will oversee horizontal development of the site and has spent the last four years working on assemblage and zoning efforts for the property.
“We are excited to be working with the principals of The Meridian Group again as partners as we did at One Loudoun in Loudoun County, Virginia, 15 years ago,” said Edward F. Podboy, a Principal at Wickshire.
Gordan is handling the civil engineering on the project, with Perry Engineering in charge of the horizontal construction, including mass grading, road and utility work. The vertical design-build general contractor is Shockey. A Colliers team led by John Lesinski, Executive Vice President, and Ben Luke, Vice President, is marketing the project.
To learn more about One Logistics Park, visit http://onelogisticspark.colliers.com/.
ABOUT THE MERIDIAN GROUP (TMG)
The Meridian Group (TMG) is a real estate investment and development firm based in Bethesda, Md. Since its inception in 1993, TMG has acquired and developed more than 14 million square feet of office, residential, hotel, mixed-use, and land with a focus on the metropolitan Washington, DC market. To learn more, visit TMG’s website at www.tmgdc.com.
ABOUT WICKSHIRE INDUSTRIAL
Wickshire Group identifies real estate investment opportunities in the Mid-Atlantic region and is committed to acquiring, zoning and developing properties that will enhance the lives of everyone involved in each project. Our team of experts have worked for a wide number of top national and local development companies, creating projects of every size and scope imaginable — from mixed-use, infill, retail, redevelopment and resort properties to commercial, industrial, age-restricted, water-oriented and rental properties. Our strategies and tactics are customized for each project, and our specialties include land program management, site selection, site development, marketing, contractor analysis, and comprehensive reporting against all services we offer. To learn more, visit WickshireGroup.com.