Meridian Group JV Launches Virginia Logistics Project | Commercial Property Executive

WINCHESTER, Va. — A partnership between The Meridian Group and Wickshire Industrial will break ground this week on One Logistics Park, a 2.7 million-square-foot industrial project in the northern Shenandoah Valley.

The developers acquired the 277-acre site for the $150 million project at the end of last year, marking TMG’s entry into the industrial sector. The first phase of the project is set to encompass a 360,000 SF cross-dock industrial building and another over one million-square-foot facility with 40-foot clear height, 50-foot-by-54-foot column spacing, speed bays, 250 trailer drops and 230 parking spaces.

Upon completion, One Logistics Park will comprise nine buildings starting and more than 100,000 square feet of space for gas service, restaurants and retail options. The first structure is expected to come online in the second half of 2023.

Howard Shockey & Sons, Inc. is the general contractor of the development, with GORDAN overseeing the civil engineering of the project and Perry Engineering handling horizontal construction. MGMA is the architect of the project. Executive Vice President John Lesinski and Vice President Ben Luke of Colliers will market the facility. Located alongside Interstate 81, next to the Winchester Regional Airport, the property will provide convenient access to the Baltimore-Washington, D.C., area, as well as interstates 66 and 70.

Source: Commercial Property Executive. Read the full story here.