Penzance Breaks Ground at Class-A Industrial Development, Hagerstown Crossroads at I-81
The 825,000-Square-Foot Project Marks Penzance’s Latest Industrial Development, Delivering in Spring 2022
Washington, D.C. — Penzance, an owner, operator and developer in the Washington, D.C. metropolitan region for more than two decades, today broke ground on their latest industrial development, a 825,000-square-foot site located at 16220 Wright Road in Williamsport, Maryland. Penzance executives were joined by community members and local business leaders as the company marked the groundbreaking milestone on its latest project that will create approximately 500 jobs in the region. Photos from the event can be found here.
“The industry and national demand for e-commerce, logistics, and distribution centers have grown in tandem over the last few years, fueled largely by a progressive change in online shopping habits. There’s never been a better time to develop such highly needed industrial space,” said Victor Tolkan, Penzance’s Founder and Managing Partner. “Business-friendly Washington County has already attracted highly sought-after warehouse tenants including UPS, FedEx, and Amazon, and Penzance is excited to begin our next venture here.”
President of the Washington County Commissioners, Jeffrey Cline, and Director of Washington County Business Development, Susan Small, joined community leaders on-site to celebrate the future of this development and new economic growth in Washington County.
“As we look toward the future of Washington County, I am proud to welcome projects such as Hagerstown Crossroads at I-81, which will play an important role in the employment and economic growth of our great region,” said Susan Small, Director of Washington County Business Development. “We are pleased to celebrate this milestone and look forward to what’s to come in Washington County with Penzance.”
“Through the events of the past year, we have witnessed firsthand the importance of the logistics industry and the impact it has on the wider community. With the addition of this development from Penzance, we look forward to not only the employment opportunities it will bring to Washington County, but the contribution it will make to the region’s supply chain and overall economic activity,” said President of the Washington County Commissioners, Jeffrey Cline. “We believe the development of Hagerstown Crossroads at I-81 will be an integral part of the community.”
Penzance first announced its plans for the 53-acre industrial development in January 2021, which include 495 car parking spaces and 217 trailer drops. Located less than one mile from the intersection of major interstate highways, I-81 (North/South) and I-70 (East/West), Hagerstown Crossroads at I-81 will have access to one-third of the country’s population in a day’s drive and 50 percent of the population in an overnight drive. Construction is expected to complete in the spring of 2022.