MARTINSBURG, WV – Transwestern Real Estate Services has brokeredthe sale of a 186,673-square-foot warehouse in Martinsburg, WV,located at 748 Novak Drive.

|

Built in 1998, the property encompasses 27 acres and is equippedwith eight exterior docks. The warehouse is situated two miles fromInterstate 81 and is in close proximity to numerous privateemployers, such as Macy's Essroc, Procter & Gamble Company,General Motor, FedEx and Rubbermaid.

|

Representing the seller were Transwestern EVPs, CaulleyDeringer, Steve Cloud and Gerry Trainor, SVP, Bev Scheffler andassistant VP, Andrew Hasset. Transwester's SVP, Tom Burnsrepresented the buy, who purchased the asset for an undisclosedamount.

|

"The ability to own a well-maintained, state-of-the-art assetwithin close proximity to major arterials was a considerabledeciding factor for the buyer," said Sheffler. "The low cost ofreal estate and pro-business environment re-enforced theirpurchasing decision."

|

Industrial Property Entrance748 Novak Drive in Martinsburg, WV.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.