New Heights Industrial Park in in Hagerstown, Md., secured two new tenants on the 900,000-square-foot property owned by Bluestone Group and The Langer Firm.
Tomu — a prefabricated modular constructing methods startup — inked a lease for 15,000 sq. ft of commercial area, whereas Pycube — a Sterling, Va.-based firm that gives asset administration and asset monitoring for the well being care sector — agreed to occupy 43,750 sq. ft on the property.
Joel Kreider and Ed Skonecki of Lee & Associates brokered the deal on behalf of the owner. The names of the tenants’ representatives weren’t launched.
Following the closing of those offers, the property situated at 18450 Showalter Street is now 82% leased.
“The house owners of New Heights Industrial Park have invested vital sources in its imaginative and prescient to ship an modern enterprise neighborhood that meets the various and long-term actual property wants of corporations in all kinds of business sectors,” Kreider stated. “Leasing exercise stays strong as corporations stay within the distinctive benefits offered by this mission.”
Beforehand, New Heights Industrial Park (which is situated close to the Hagerstown Regional Airport) was utilized by Fairchild Plane Manufacturing to construct plane throughout World Warfare II.
Now, Tomu — which makes a speciality of designing and manufacturing lodge visitor rooms and rental properties — will take full benefit of the property’s dock-high doorways and ceiling top of as much as 50 ft to retailer its merchandise. The warehouse additionally gives free parking.
“Firms proceed to gravitate to New Heights Industrial Park in the hunt for extremely versatile and open-space work environments, engaging leasing charges and entry to a fertile labor market to help its operations,” Kreider advised Business Observer. “The higher Hagerstown and Washington County area is engaging to these in the hunt for a lower-density geographic space, decreased housing costs and the next high quality of life, whereas additionally remaining near main metropolitan areas.”
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