Press Release | June 20, 2024
Berkeley County, West Virginia
Equus Capital Partners, Ltd. (“Equus”), a national real estate investment manager, announced that it has entered into a 5-year lease agreement with TREX, a publicly held, Virginia-based composite decking company, for 324,000 square-feet of warehouse distribution space in the Mid-Atlantic 81 Logistics Park in Berkeley County, West Virginia.
The Mid-Atlantic 81 Logistics Park is a 150-acre industrial park located on Interstate 81 in the Shenandoah Valley submarket. The park is situated mid-way between Hagerstown, MD (20 minutes to the north) and Winchester, VA (15 minutes to the south) in the heart of the I-81 Industrial Corridor. This location provides excellent access to the mid-Atlantic region including the metro areas of New York, Philadelphia, Baltimore, Washington DC, Richmond, and multiple submarkets in North Carolina.
The 324,000 SF building was constructed as a speculative development and delivered to the market in late 2023. The TREX lease brings the Mid-Atlantic 81 Logistics Park to 100% occupancy. Previously, Equus completed build-to-suit developments for Procter & Gamble (356,000 SF) and Clorox (580,000 SF). Both of those projects are warehousing facilities needed to support local manufacturing operations. There is one more development pad in the park that is owned by Equus – a 25-acre parcel which is fully engineered and approved for a 369,000 SF industrial building.
TREX is headquartered in Winchester, Virginia.
