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Colliers Facilitates Build-to-Suit VA Industrial Transaction
Developer Becknell Industrial has broken ground on a new 160,000-square-foot industrial development in Winchester, Virginia for new owner ZM Sheet Metal, a metal product manufacturer.
Colliers facilitated the build-to-suit transaction, with a team led by Vice Chair John Lesinski and Executive Vice President Ben Luke arranging the agreement on behalf of Becknell. “The expansion of ZM Sheet Metal in the Shenandoah Valley speaks to the growing demand for industrial space in the region,” said Lesinski.
Colliers sourced the land for Becknell and subsequently, introduced the land site to ZM Sheet Metal through their broker KLNB. Becknell assigned the land contract to ZM Sheet Metal and structured an agreement with the company to be the exclusive developer of their build-to-suit arrangement.
Located in Stonewall Industrial Park, where ZM Sheet Metal has an existing manufacturing facility, the proposed development will be a 160,000-square-foot sheet metal manufacturing facility located along McGhee Road.