The land parcel was sold to Hoffberger Holdings, on behalf of its business, Merchants Terminal Corp., a company that specializes in temperature-controlled logistics solutions. Hoffberge acquired the parcel for an undisclosed price. It plans to build a 12 million cubic foot food distribution center on the site. Michael Royce of Cushman Wakefield represented Merchants Terminal Corp. in the transaction.


Building 2

Eventually, CCC will be built out to 2.8 million sf, he says. The park is located on a former General Motors property that Duke has since demolished and remediated. It plans to attract a wide range of client uses to the site, the spokesman says. With the 13-acre land disposition to Hoffberger complete, Duke has 149 acres remaining in the park for future development.


Building 4

The facility Hoffberger plans to build will exceed 12 million cubic feet and offer approximately 32,000-racked pallet positions. ARCO Design/Build of Atlanta has been contracted to design and construct Phase I of the facility, which encompasses 6.1 million cubic feet of temperature controlled space with 16,300 specialized rack positions.

Merchants' Vice President F. Brooks Royster III will manage the construction of the new facility and international sales. The strategic position within the Chesapeake Commerce Center--immediately adjacent to the Seargirt Marine Terminal--will allow the company to continue to expand its international service offering, Royster says in a prepared statement.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.