Hines’s role is owner, developer, and property manager.
Hines’ partner is MetLife Investment Management (MIM), MetLife, Inc.’s (NYSE: MET) institutional asset management business.
Tabler Station Logistics Park, located in the fast-growing Southern I-81 submarket, is a 148-acre industrial park with excellent access to I-81 and a large labor force. The project, designed by Powers Brown Architects and Pennoni Engineering, consists of three buildings totaling approximately 1.6 million square feet. Constructed by RS Mowery, each building features 40-foot clear heights, 185-foot-deep truck courts, 70-foot speed bays, and full building circulation with easily segregated car and trailer traffic.
Given its Martinsburg location, Tabler Station Logistics Park allows service to the Washington D.C. market, in addition to Baltimore, Richmond, Pittsburgh, Philadelphia, and New York in less than four hours. The park is within a one-day drive of four of the top 10 United States (U.S.) Metropolitan Statistical Areas (MSAs) and more than 30% of the U.S. population.
Phase one consists of two Class A, 365,400 SF, cross-docked industrial buildings totaling 730,800 SF. Construction of phase one was completed in Q1 of 2023.
Phase two consists of one Class A, 860,720 SF, cross-docked building. Construction of phase two is expected to be completed in Q3 of 2023.