100,440 sf Warehouse Leased to National Manufacturing/Distribution Client in Ona, WV at U.S. Route 60 East & Wildwood Road, Ona, WV 25545
Introduction
The Choyce Peterson National Accounts Team accomplished a noteworthy industrial lease transaction in Ona, WV, after successfully concluding a multi-year search in the hills of WV to find a 10.6 acre flat site with excellent highway access. Thereafter this project involved securing control of the site then working with the local and regional team to simultaneously develop the site/building specifications/bid package plus the project authorization request detail for senior management’s approval. Ultimately the result was a newly constructed warehouse layout that consolidated 2 facilities while affording a spectacular upgrade to the existing conditions regarding material handling, safety, receiving and delivery truck capacity to name a few. This project again demonstrated the team’s expertise in complex logistics, negotiation, and phased construction management while delivering a long-term solution.
Lease Details
- Tenant Broker: Alan Peterson, Choyce Peterson, Inc.
- Asset Class: Warehouse
- Square Footage Leased: 100,440 SF
- Occupancy Status: Fully Leased
Property Summary
- Address: U.S. Route 60 East & Wildwood Road, Ona, WV 25545
- Building Type: Warehouse
This facility stands out for its large, contiguous space and its ability to flexibly accommodate both expansion and ongoing operations, making it highly functional for regional and national distribution requirements.
Leasing Strategy and Execution
The leasing strategy focused on 1) controlling the site, 2) contracting for site evaluation including Wetlands Delineation, environmental permitting, stormwater permitting, etc., and 3) project cost development of site and building specifications and bid coordination before final developer selection and build-to-suit long term lease negotiation. The team expertly managed a multi-phase project, finding a rare 10+ acre site that was flat with good distribution access, working with the municipality for site plan approval, the state for roadway signage, and local ,regional and national client personnel to develop and shepherd the project for senior management approval. By securing a long-term lease and advantageous long-term renewal options, the Choyce Peterson team provided the client with a long term solution to what had been long term facility constraints.
Conclusion
This successful project underscores the capabilities of the Choyce Peterson National Accounts Team in executing complex, value-driven industrial transactions. By delivering a larger, better located, new warehouse, the team not only met but exceeded our client’s operational and financial objectives and cements best-in-class distribution capabilities across the WV/KY market.
Frequently Asked Questions (FAQs)
What are the key features of this industrial space?
The facility offers a vastly improved, large central location, and state-of-the-art warehouse elements regarding ceiling height, lighting, aisle width, truck parking, dock equipment, and site work all of which are better suited for high volume distribution activity.
What type of tenant leased the space?
A national distribution client, requiring long-term occupancy, operational efficiency and great delivery access to the region.
Why was this location attractive to the tenant?
Centrally located within the delivery territory to allow facility consolidation with the resulting cost reduction without sacrificing client service.
Were any buildouts or custom improvements part of the deal?
Yes, a 4-to-1 land to building ratio and very good interstate access was a factor that significantly limited available land options.
