Hines and MetLife Investment Management secure $43.8 million refinancing for industrial park in Martinsburg, West Virginia

Type: Financing · Technology: Industrial · Country: United States · Value: $43.8M · Announced: 2026-05-28

A joint venture between Hines and MetLife Investment Management secured a $43.8 million five-year, first mortgage loan from Mesa West Capital to refinance two Class A industrial buildings totaling 730,800 square feet in Martinsburg, West Virginia. The buildings, delivered in early 2023, are part of the first phase of the Tabler Station Logistics Park, a two-phase development totaling 1.6 million square feet of modern bulk distribution space. The facilities feature 40-foot clear heights, 90 dock doors, 136 trailer spaces, and access to 4,000 amps of power, with one fully leased to packaging manufacturer Treplar Inc. and the other currently vacant. Strategically located near Interstate 81, the park offers direct access to major Mid-Atlantic and Northeast population centers, including Baltimore, New York City, Philadelphia, Pittsburgh, Richmond, and Washington, D.C., as well as proximity to the Port of Baltimore and Washington Dulles International Airport within a 90-minute drive. The financing was arranged by Cushman & Wakefield’s New York and Philadelphia offices, with Mesa West Capital providing the loan to refinance the existing mortgage on the properties.

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