Mesa West Capital Originates $43.8 M Loan to Refi 730K-SF Industrial Park in WV

NEW YORK - Rezul -- Mesa West Capital has provided a joint venture between affiliates of Hines and MetLife Investment Management with a $43.8 million five-year, first mortgage loan to refinance two Class A industrial buildings totaling 730,800 square feet in Martinsburg, WV.  Pamir Niaz, Executive Director at Mesa West Capital, led the New York–based origination team.

Delivered in early 2023, the buildings each total 365,400 square feet and are located at 4903 and 5115 Winchester Avenue on a 69.8-acre site. The cross-docked facilities feature 40-foot clear heights, 90 dock doors, 136 trailer spaces and access to at least 4,000 amps of power. The two buildings, one fully leased to packaging manufacturer Treplar Inc, and the other vacant, represent the first phase of Tabler Station Logistics Park, a two-phase development totaling 1.6 million square feet of modern, bulk distribution space

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The buildings are immediately accessible to Interstate 81, one of the East Coast's most critical north–south logistics corridors and provides connectivity to more than 50 million consumers within a five-hour drive. The location offers efficient access to major Mid Atlantic and Northeast population centers, including Washington, D.C., Baltimore, Richmond, Pittsburgh, Philadelphia, and New York. The Port of Baltimore and Washington Dulles International Airport are both within a 90 minute drive, supporting regional and global distribution capabilities.

"The properties benefit from desirable Class A specifications and quality ownership and are well positioned within a key growth corridor along I-81," said Niaz. "The market continues to benefit from increasing tenant demand flowing westward as industrial users expand beyond Northern Virginia, where supply has been constrained by data center development."

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The financing was arranged by John Alascio, TJ Sullivan and Aaron Graves out of Cushman and Wakefield's New York and Philadelphia offices.

About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago, San Francisco, and Houston, the firm has been a prominent provider of commercial real estate debt since its founding in 2004. Mesa West originates non recourse first mortgage loans for core/core plus, value add, and transitional properties throughout the United States. Its lending portfolio spans all major property types, with loan sizes ranging from $20 million to $400 million. Since inception, the firm has sourced and closed more than 450 transactions totaling over $28 billion.