WINCHESTER, Va. — Howard Shockey & Sons, Inc. is pleased to announce site work has begun at Valley Logistics, in Winchester, Virginia. When completed, this project will offer nearly two million square feet of industrial facilities across multiple buildings to service the DC Metropolitan and Shenandoah Valley areas.
The 145-acre property was purchased by Peterson Companies in January of this year. The property is uniquely positioned for distribution as it services 40 percent of the US population within an eight-hour drive.
“We are confident Winchester is an ideal market to grow Peterson Companies’ industrial platform,” noted Taylor Chess, Development President, Peterson Companies. “The property offers proximity to Washington, DC but also connectivity to the Virginia Inland Port as well as CSX rail.”
“Valley Logistics is officially under construction with tenant occupancy dates in 2023. I am thrilled to be leading this large-scale industrial development for the Peterson Companies,” said Katie Oosterbeek, Assistant Vice President, Development, Peterson Companies. “While we are excited to introduce the largest cross-dock facility along the I-81 Corridor, we also have several build-to-suit opportunities for tenants in the 40,000- to 600,000- square foot range.”
“Valley Logistics is not only unique in size but is also one of the only rail-served mega-industrial buildings in the Mid-Atlantic,” said John Dettleff, Executive Managing Director, JLL.
JLL will handle the leasing and marketing efforts for Peterson Companies at Valley Logistics.
About Howard Shockey & Sons, Inc.
Shockey is a provider of general contracting, design-build, and construction management services for public and private sector clients in Virginia, Maryland, and West Virginia. Shockey’s reputation, earned one project at a time, is for delivering excellent value, high-quality craftsmanship, and unbeatable integrity. Consistently ranked among the mid-Atlantic’s largest contractors, Shockey specializes in education, senior living, healthcare, commercial, parking, and industrial projects. Shockey is the Partner of Choice®. Visit ShockeyBuilds.com to learn more.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Peterson Companies
As one of the largest privately-owned real estate development companies in the DC region, Peterson Companies consistently delivers some of the area’s most successful mixed-use retail, residential and commercial destinations. Over the past 55 years, Peterson has created such exceptional landmarks as National Harbor, Downtown Silver Spring, Fair Lakes, and Fairfax Corner. With a proven ability to move quickly on opportunities to reshape and enhance local communities, the company creates vibrant residential and business districts that benefit all who live and work in our region. For more information about the Peterson Companies, please visit www.petersoncos.com.