An affiliate of Philadelphia-based BPG Properties has completed a 450,000-square-foot lease for a for a new, build-to-suit distribution center with McKesson Corp.
The new DC will be built in BPG’s 60-acre Winchester 81 Logistics Center, located at Exit 323 of Interstate 81 in Winchester, VA.
McKesson will invest approximately $39 million in the project to serve its Medical-Surgical business unit and will distribute medical and surgical supplies for a regional service area that includes New Jersey, eastern Pennsylvania, Delaware, Maryland, District of Columbia, Virginia, eastern West Virginia, and northern North Carolina. This is McKesson’s third operation in Virginia.
BPG was represented in the lease negotiations by Jim Clarke of Jones Lang LaSalle. McKesson was represented by Bob Gibbs and Adam Loges of CBRE. Wulff Architects has been selected as the building architect and The Norwood Co. will serve as general contractor.
When completed in Spring 2013, the tilt-up concrete building will include a clear-height of 32’, fully air-conditioned space and an ESFR sprinkler system. The building is also expandable to 750,000 square feet.
In addition to this project, BPG has another industrial property site in Berkeley County, West Virginia, located 10 miles north of the Winchester 81 Logistics Center, fully engineered and approved for 2,695,000 square feet. Since 2009, affiliates of BPG have leased more than 1.4 million square feet along I-81 in Virginia.