Hines along with MetLife Investment Management (MIM), MetLife, Inc.’s institutional asset-management business, announced the acquisition of the final site for the Tabler Station Logistics Park in Martinsburg, W.Va., a fast-growing submarket in the Southern Interstate 81 corridor.
Upon completion, the project will consist of three buildings with approximately 1.6 million square feet of industrial space on 140 acres of land. Phase 2 of Tabler Station Logistics Park will consist of an 860,720-square-foot class A industrial building, featuring 40-foot clear heights, 70-foot speed bays, and abundant trailer storage. Construction on Phase 2 will begin in August, with Santander providing the construction financing. Phase 1 of the industrial park is nearing completion and is comprised of two 365,000-square-foot logistics buildings.
“Martinsburg is a fast-growing market, and occupier demand for class A industrial space continues to outpace existing supply,” said Tom Grigg
