Revitalized Industrial Site Enters Final Redevelopment Stage

Revitalized Industrial Site Enters Final Redevelopment Stage

Final Parcels of Former Paper Mill Site in Western Maryland Town of Luke Available for Development

ENFIELD, Conn., Aug. 21, 2023 /PRNewswire/ — The owners of the former Verso Paper Luke Mill site in Western Maryland have prepared the property for redevelopment and are now selling the final two parcels, which include the 55-acre main mill site and the 85-acre Beryl Woodyard.

V Luke, LLC is a consortium of three investment firms which purchased the site in April, 2022 and have since conducted a successful internationally marketed sale of all machinery and equipment from the paper mill, repurposed all usable above-ground assets to other manufacturers and assured that the sites are cleared of all discoverable materials, old structures and debris. After an exhaustive above-ground hazardous materials survey, an environmental clean-up of the site along the north branch of the Potomac River is also underway.

The three investment firms which formed V Luke, LLC include CRG Equity, LLC, Rabin Worldwide and Big Shoulders Capital.

Three parcels have already been sold for alternate industrial use, including the 42-acre Savage Woodyard, a 15-acre parcel with a 200,000 square foot converting facility and a 15-acre multi-use parcel in Piedmont, MD.

During the final phase of redevelopment, the owners will conduct an international marketing campaign to identify the best possible candidates for development. Potential owners will have access to a robust industrial infrastructure including railway access, a high-powered electrical receiving station, on-site freshwater treatment, direct access to wastewater treatment and a multi-million-acre wood basket providing near endless feedstock.

Allegany County economic development director Jeff Barclay alongside Andrew Sargent at the Maryland Department of Commerce and Kevin Clark with Mineral County Development Authority have been outstanding resources for V Luke’s continued efforts to revitalize the idle site and breathe new life into the local economy.

V Luke is locally managed by Glen Gilbert. Additional information from him at 304-813-4831 or by email at [email protected].

Contact: Tom Nicholson, The Nicholson Group, Inc., 212-203-2803

SOURCE CRG; Big Shoulders

Originally published at
Images courtesy of

business banners

Latest posts

Veteran-Owned Roofing Contractor in Tampa Expands Services: Veterans National Property Services

TAMPA, FLORIDA — Veterans National Property Services, a veteran-owned and operated roofing contractor in Tampa, announces an expansion of its high-quality...

Employees Drawn to Enigmatic Workspace in Downtown Minneapolis as Prestige Global Meeting Source Partners with PureAlchemy Design for A New Standard in Hybrid Officing

MINNEAPOLIS, April 11, 2024 /PRNewswire/ -- Global meeting and events solutions entity, Prestige Global Meeting Source, together with fellow Minnesota-based design firm, PureAlchemy Design, announce the...

The GRACE Foundation Partners With Local Restaurants

Stickers Placed On Boxes Eateries To Help Raise Funding and Awareness During Autism Acceptance Month We’re so thankful to these restaurants for...

Governor Ron DeSantis Announces the Focus on Florida’s Future Budget Recommendations for Fiscal Year 2024-2025

TALLAHASSEE, Fla. — Today, Governor Ron DeSantis announced his Focus on Florida’s Future budget proposal for Fiscal Year (FY) 2024–2025. The Focus on Florida’s Future...

Strive 305 Small Business Expo

Want tips to start a business or make your business better? The Miami-Dade Public Library System will host the Mayor's Office Strive305 Small Business...

News to Use – August 6, 2021

Miami-Dade County COVID-19 Guidelines The Miami-Dade County Department of Cultural Affairs urges all cultural institutions and arts venues to immediately implement smart COVID-19 policies. Miami-Dade...

Innovative App to Foster Well-Being and Happiness

Foundation for Talent Transformation - Transform Lives, Help Communities Thrive My Talent Transformation is available from the App Store. My Talent Transformation...
celebrity reality tv