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The Meridian Group has secured $80.5 million in construction financing to build a distribution warehouse in the One Logistics Park in Winchester, VA.

The Meridian Group Lands $81M to Construct 1M-SF Warehouse in Winchester

Bethesda, MD-based The Meridian Group has secured $80.5 million in construction financing for the development of One Logistics Park Building 2, a 1,024,000-square-foot distribution warehouse in Winchester, VA.

Robert Carey and Drake Greer of JLL worked represented The Meridian Group, a real estate investment management and development firm, to arrange the construction financing from Bank OZK and ACORE Capital, LP.

 The property will be the first asset delivered within the larger master-planned One Logistics Park development, a 280-acre business park that is expected to house six or seven industrial buildings totaling 2.7 million square feet and 45,000 square feet of retail space.

Once completed, Building 2 will offer 40’ clear heights, 100 dock doors, 78 additional knockouts, four drive-in doors, 50’x56’ column spacing with 65’ speed bays, a 190’ truck court, 770 car parking spaces and additional trailer storage space.

Building 2 will be positioned on 76.6 acres at 1486 Millwood Pike with frontage along U.S. Route 50.

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JLL's Carey

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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