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.