A joint venture between affiliates of Hines and MetLife Investment Management have secured a $43.8 million five-year, first mortgage loan to refinance two class A industrial buildings totaling 730,800 square feet in Martinsburg, W.Va.
Mesa West Capital has provided the loan.
Delivered in early 2023, the buildings each total 365,400 square feet and are located at 4903 and 5115 Winchester Ave. on a 69.8-acre site. The cross-docked facilities feature 40-foot clear heights, 90 dock doors, 136 trailer spaces and access to at least 4,000 amps of power. The two buildings, one fully leased to packaging manufacturer Treplar Inc., and the other vacant, represent the first phase of Tabler Station Logistics Park, a two-phase development totaling 1.6 million square feet of modern, bulk distribution space
The buildings are immediately accessible to Interstate 81 and offer access to major Mid Atlantic and Northeast population centers, including Baltimore; New York City; Philad
