Mesa West Capital provides $43.8M in refinancing for the 730,800-square-foot Tabler Station Logistics Park in Martinsburg, West Virginia.
A joint venture between Hines and MetLife Investment Management has secured a $43.8 million, five-year first-mortgage loan to refinance two Class A industrial buildings at the Tabler Station Logistics Park in Martinsburg, West Virginia. The properties, located at 4903 and 5115 Winchester Avenue, total 730,800 square feet across 70 acres and first opened in 2023. Cushman & Wakefield arranged the financing for the sponsor.
The industrial park, which currently features two 365,400-square-foot buildings, represents the first phase of a larger development slated to eventually span 1.6 million square feet. Mesa West Capital executive director Pamir Niaz highlighted the site's strategic location along the Interstate 81 corridor, which serves as an overflow market for industrial tenants expanding from Northern Virginia.
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