A joint venture partnership led by an affiliate of Baltimore-based MCB Real Estate LLC has initiated construction on Currwood Logistics Park, a two-building business community in Hagerstown, which, upon delivery in fall late 2023, will comprise approximately 2 million square feet of industrial/warehouse/logistics space.
The park, comprising 195 acres at 217 S. Edgewood Drive near US Route 40 in Washington County, is scheduled to be delivered in fall 2023 and result in up to new 1,500 jobs upon full occupancy
Both single-story buildings — one is nearly 1.7 million square feet and the other a 300,000 square foot building — are being developed simultaneously on a speculative basis. Additional real estate entities involved in the partnership include global real estate investment manager Invesco Real Estate, Curated Development Group and Birchwood Capital Partners.
Fronting S. Edgewood Drive, the single-story concrete tilt-wall buildings features 36- to 40-foot clear ceiling heights and are designed to achieve low operating costs through the incorporation of LED lighting, high-efficiency heating and ventilation systems, enhanced interior insulation and other state-of-the-art energy-saving features.
Both sites feature 185-foot truck courts to support the movement of large tractor trailers and segregated parking fields reserved for employee and visitor parking. The nearly 1.7 million square foot building is equipped with 196 dock doors and four drive-in doors, an alternate-energy ready roof structure designed to accommodate a photovoltaic solar array, and parking for 314 tractor-trailers and 970 vehicles. The nearly 300,000 square foot building features parking for 117 tractor-trailers and 198 vehicles.
Each building’s oversized floorplates are suitable for an array of light manufacturing, warehouse, logistics and last-mile delivery operations and can accommodate both single- and multi-tenant users. Power and conduit connections will be provided to maintain Electric Vehicle charging stations at both sites.
The Currwood Logistics Park development team is investing in the construction of a new signalized intersection at US Route 40, as well as a new four-lane extension of Paul Smith Boulevard that extends to another new signalized intersection at Edgewood Drive which will serve as the project’s entrance.