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MCB Real Estate and Partners Initiate 2M-SF Spec Industrial Project in Hagerstown
A JV led by an affiliate of Baltimore, MD-based MCB Real Estate, LLC, has initiated construction on Currwood Logistics Park in Hagerstown, MD. Additional partners include Invesco Real Estate, Curated Development Group and Birchwood Capital Partners.
Nearly 1,500 new jobs are expected to be created by the companies and end-users signing leases at the two-building, 195-acre business community at 217 S. Edgewood Drive near US Route 40 in Washington County.
Upon delivery in fall late 2023, the project will comprise approximately two million square feet of industrial/warehouse/logistics space. Both single-story buildings (one 1.7 million square feet and the other 300,000 square feet) are being developed simultaneously on a speculative basis.
The single-story concrete tilt-wall buildings will have 36- to 40-foot clear ceiling heights and are designed to achieve low operating costs through LED lighting, high-efficiency heating and ventilation systems, enhanced interior insulation and other energy-saving features. Both sites feature 185-foot truck courts.
Cushman & Wakefield is handling leasing.
- ◦Development
