Press Releases

186,673 SF warehouse trades in Martinsburg, West Virginia

June 25, 2020


MARTINSBURG, W.V. – Transwestern Real Estate Services (TRS) announces it has brokered the sale of 748 Novak Drive, a 186,673-square-foot warehouse in Martinsburg, West Virginia. Transwestern Executive Vice Presidents Caulley Deringer, Steve Cloud and Gerry Trainor, Senior Vice President Bev Sheffler and Assistant Vice President Andrew Hassett represented the seller.

“The ability to own a well-maintained, state-of-the-art asset within close proximity to major arterials was a considerable deciding factor for the buyer,” said Sheffler. “The low cost of real estate and pro-business environment re-enforced their purchasing decision.”

The warehouse is situated on roughly 27 acres and located two miles from Interstate 81. The property was built in 1998 and is equipped with eight exterior docks. Major private employers in the surrounding area include Macy’s, Essroc, Procter & Gamble Company, General Motor, FedEx and Rubbermaid.

Transwestern Senior Vice President Tom Burns represented the buyer, who purchased the building for an undisclosed amount.

About Transwestern Real Estate Services

Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.

The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.

Media Contact:

Hannah Krobock
301.896.9135
hannah.krobock@transwestern.comtwm
ediarelations@transwestern.com

Caulley Deringer

Executive Vice President

McLean, Virginia

(703) 749-9415

Stephen Cloud

Executive Vice President

McLean, Virginia

(703) 749-9455

Gerry Trainor

Executive Vice President

Washington, District of Columbia

(202) 775-7091

Bev Sheffler

Senior Vice President

McLean, Virginia

(703) 749-9453

Andrew Hassett

Assistant Vice President

McLean, Virginia

(703) 749-9467