Paramount Development Corporation is thrilled to introduce the transformation of the well-positioned Foxcroft Towne Center at Martinsburg. Formerly the Martinsburg Mall, this property is undergoing an extensive redevelopment, converting it into an open-air power center designed for optimal visibility and customer access.
The Foxcroft Towne Center, prominently visible from the highly trafficked Interstate 81 which sees an impressive 54,000 vehicles daily, is primed to offer businesses a high-profile location. Boasting retail powerhouses such as Walmart, Hobby Lobby, and Bon Ton as anchor tenants, the center promises to draw a consistent, large volume of customers, further amplified by the transformation currently underway.
Martinsburg, the county seat of Berkeley County, serves as a key backdrop for this property. As the second-largest and fastest-growing county in West Virginia, Berkeley County recorded a remarkable 37% increase in population from 2000 to 2010, creating a vibrant, expanding market. The area also touts significant job growth, with notable companies like Procter & Gamble opening a new 1 million square foot facility in 2017, creating 700 full-time jobs. This growth signals a healthy and robust economic landscape surrounding the Foxcroft Towne Center.
The city of Martinsburg isn't just a growing business hub, but it also serves as a bedroom community for Washington, D.C., with the MARC commuter rail providing a direct connection. This advantageous location expands the reach of the Foxcroft Towne Center beyond local residents, drawing in daily commuters and D.C. dwellers for shopping.
Adding to Martinsburg's robust economy is a strong white-collar employment base, accounting for 66% of jobs in the area. Key employers include the IRS Enterprise Computing Center, the Bureau of Alcohol, Tobacco & Firearms, the U.S. Coast Guard Operations Center, and the Veterans Administration Hospital. The significant healthcare and government services sectors provide a steady consumer base for businesses at Foxcroft Towne Center.
Strategically situated, Foxcroft Towne Center is 25 miles northeast of Winchester, VA, 22 miles southwest of Hagerstown, MD, and 75 miles northeast of Washington, D.C. This location connects the center to multiple major markets, making it a prime location for businesses seeking visibility and growth.
The Foxcroft Towne Center at Martinsburg provides a unique combination of high visibility, a thriving and growing market, and a strategic location. The ongoing redevelopment promises to elevate its stature as a retail power center, creating opportunities for businesses to flourish.
Zach Armentrout
Paramount Development Corporation
