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A rendering of Currwood Logistics Center, a recently completed Class A business park in Hagerstown with more than 1.5 million square feet of industrial, warehouse and logistics space. At full capacity, Currwood Logistics Center is expected to yield more than 700 new jobs. (Rendering courtesy of MCB Real Estate)
WebstaurantStore leases space in Hagerstown for national distribution center
Listen to this articleA partnership led by an affiliate of MCB Real Estate Monday executed a 1.2 million-square-foot lease with The Webstaurant Store LLC of Lancaster, Pennsylvania, at the new Currwood Logistics Center in Hagerstown.
The location, near the intersection of Interstates 70 and 81, is set to serve as the cornerstone of WebstaurantStore’s northeast distribution network.
Clark Associates, with roots dating back to the 1970s, expanded its presence with The Restaurant Store in 1993, and introduced WebstaurantStore in 2004, offering online sales and international distribution of more than 420,000 food service, janitorial and industrial products.
Company officials said the Currwood Hagerstown location will play a pivotal role complementing more than 20 distribution centers across the United States, allowing WebstaurantStore to achieve two-day shipping to 96% of the country. The company is also planning to invest millions of dollars in material handling and automated storage and retrieval systems at Currwood.
Currwood Logistics Center, is a recently completed Class A business park with more than 1.5 million square feet of industrial, warehouse and logistics space. Global real estate investment manager Invesco Real Estate, Curated Development Group, Birchwood Capital Partners and Artemis Real Estate Partners are among the additional real estate entities actively engaged in this joint venture.
At full capacity, Currwood Logistics Center is expected to yield more than 700 new jobs.
Cushman & Wakefield represented MCB and its partners in this deal while Newmark represented WebstaurantStore.
Founded in 2007, MCB Real Estate is a community-centric, privately-held institutional investment management firm headquartered in Baltimore. MCB has a nationwide portfolio of $3 Billion Assets Under Management totaling approximately 14.5 million square feet of industrial, office, retail, mixed-use, multifamily and life sciences properties with almost 4 million square feet in its development pipeline.
