Located roughly 75 miles west of Washington, D.C., the site TMG acquired for One Logistics Park is a vacant stretch of land near the Winchester Regional Airport. There’s timing, and then there’s location Today, the ongoing demand among companies and customers for faster delivery continues to bolster the thriving industrial real estate sector. The global health crisis expedited a growing surge in e-commerce, which spurred greater demand for logistics accommodations. It was the pandemic that motivated TMG to expand its investment strategy to embrace the industrial sector. TMG’s entrée into industrial may surprise others, but the company is undaunted by the sudden shift into new territory.Īsked how he would have responded had he been told five years ago that he’d be in the industrial real estate business today, Gary Block, partner with The Meridian Group, told Commercial Property Executive, “Our product type expertise is broad-based, and we follow demographics and tenant demand.” One Logistics Park will mark TMG’s debut in the industrial sector after nearly three decades as an investor and developer with a focus on office, residential, hotel and mixed-use real estate. TMG, which will develop the $150 million complex in partnership with Wickshire Industrial, acquired the land from a consortium that included JGR Three, Hockman Investments and Governor’s Hill LLC. ![]() The Meridian Group has acquired a 277-acre site for the development of One Logistics Park, a best-in-class distribution logistics center that will feature as much as 2.8 million square feet of leasable space in Winchester, Va.
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