Shockey Properties

What Shockey Properties does

Shockey Properties is a privately held, family-owned commercial real estate company founded in 1970 and headquartered in Winchester, Virginia, with a secondary office in Richmond. The firm owns, develops, leases, and manages industrial, manufacturing, distribution, and office real estate across Virginia and West Virginia, controlling a portfolio of over 4 million square feet of commercial space and more than 2,000 acres of undeveloped land along the I-81 and I-95 corridors. Its anchor assets include Graystone Commerce Center and Berkeley Business Park — multi-tenant industrial parks with rail access via Winchester & Western Railroad and CSX — and Shockey Commerce Center, a 2 million square foot former General Motors Distribution Center converted into a multi-tenant distribution/warehouse facility on 226+ acres. Residential land development (Luray Heights, Hickory Ridge) has been added to the vertical in recent years, leveraging the same land bank.

The company's service stack spans the full real estate lifecycle: leasing (NNN industrial rates quoted at ~$4.05/SF), property management with on-site maintenance and third-party management for other owners, build-to-suit construction (tilt-up and precast) supported by an affiliated general contractor (Howard Shockey & Sons, ranked among the top 400 East Coast builders), tenant improvements, adaptive reuse of legacy manufacturing facilities, property sales and acquisitions, investment advisory, and ground lease arrangements. The customer base is concentrated in enterprise industrial and manufacturing tenants (Procter & Gamble, Rust-Oleum, Quad/Graphics, Trex, Thermo Fisher, Masonite, H.P. Hood, Kirkland's, CHEP Pallet Systems, DirecTV, Hollingsworth Logistics) plus education and government users (Blue Ridge Community & Technical College, U.S. Army Corps of Engineers).

Shockey operates with a deliberately lean team of 1–10 employees (Property Manager, Office Manager, Director of Property Development, Property Consultant, HR) and runs a sales-led, relationship-driven go-to-market motion backed by a broker channel network that includes CBRE, Cushman & Wakefield, JLL, Colliers, Savills, Avison Young, and economic development officials across both states. Revenue mechanics are a mix of recurring NNN rent, recurring property management fees, episodic build-to-suit and adaptive-reuse project revenue (via the affiliated construction entity), and transactional property sales. The company is privately held with no institutional funding or public listing disclosed.

Name

Shockey Properties

Legal name

Shockey Properties

Website

https://shockeyproperties.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1–10 employees

Short description

Shockey Properties is a family-owned commercial real estate firm founded in 1970, owning and managing over 4 million square feet of industrial, manufacturing, and office space plus 2,000+ acres of land across Virginia and West Virginia, serving enterprise tenants via leasing, property management, build-to-suit development, and adaptive reuse.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Industrial & Logistics Real Estate Asset Management (BPAJAMAC)

akta.pro secondary industries

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Self-Storage Property Management (BPAJAGAM)

Keywords

• Industrial real estate
• Commercial property leasing
• Build-to-suit development
• Warehouse distribution
• Property management services

Headquarters

HQ city

Winchester

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Property Leasing: Leasing of industrial warehouse and office space in Virginia and West Virginia. The company manages over 4 million square feet of commercial space and offers competitive rates with low operating costs.
2. Build-to-Suit Services: Custom construction of industrial facilities for prospective tenants, including tilt-up construction and other methods. The company has a rated construction company affiliated with them, rated as one of the top 400 builders on the east coast.
3. Property Management: Management of owned properties plus property management services offered to other building owners. Full-time on-site maintenance and regular inspections included.
4. Property Sales & Acquisitions: Purchase and sale of commercial properties, including land sales. The company owns over 2,000 acres of undeveloped land and is always looking to add to their portfolio.
5. Land Development: Development of raw land into industrial/commercial properties. With more than 2,000 acres of land holdings, the company develops properties along the I-81 and I-95 corridors.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Shockey Properties owns, manages, and develops commercial, manufacturing, and industrial real estate across Virginia and West Virginia. The company manages over four million square feet of commercial space and holds more than 2,000 acres of undeveloped land, offering leasing, property management, build-to-suit construction, tenant improvements, land development, and property sales and acquisitions along the I-81 and I-95 corridors.

Product overview

Shockey Properties operates as a commercial real estate company offering a comprehensive suite of property services including leasing, property management, build-to-suit development, tenant improvements, property sales and acquisitions, investment, adaptive reuse, and ground lease arrangements. The company's property portfolio spans industrial warehouses, office spaces, and residential developments across Virginia and West Virginia, with key properties including Graystone Commerce Center (multiple industrial buildings up to 473,000 SF in Winchester, VA), Berkeley Business Park (404,000 SF multi-tenant facility in Martinsburg, WV), Shockey Commerce Center (2 million SF former GM facility), and various residential developments such as Luray Heights (136 acres) and Hickory Ridge (55 acres). The company manages over 4 million square feet of warehouse and office space and holds over 2,000 acres of undeveloped land.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Leasing Commercial and industrial warehouse/office space leasing services across Virginia and West Virginia markets, including Triple Net (NNN) leases on properties ranging from small flex suites to facilities exceeding 500,000 SF, with one disclosed rate of $4.05/SF NNN at Berkeley Business Park Area D.
• Property Management Comprehensive property management services covering over four million square feet of warehouse and office space, including full-time on-site maintenance, regular inspections, 24/7 emergency availability, and tenant support. Offered to both owned properties and external building owners.
• Build-to-Suit Development Custom build-to-suit development services for prospective tenants, including tilt-up and precast concrete construction methods and land lease/sale options across Virginia and West Virginia. Delivered through affiliated construction company Howard Shockey & Sons, rated among the top 400 builders on the east coast.
• Tenant Improvement Services Specialty improvement services for existing tenants including building additions, dock additions, and trailer drop areas, enabling tenants to customize leased space for operational needs.
• Property Sales & Acquisitions Brokerage and advisory services for purchasing and selling commercial properties, including creative portfolio solutions for clients looking to add to or divest from their real estate holdings.
• Land Development Development of raw land into industrial and commercial properties, leveraging the company's holdings of over 2,000 acres of undeveloped land along the I-81 and I-95 corridors in Virginia and West Virginia.
• Investment Services Investment advisory and transaction services for commercial real estate opportunities in the Virginia and West Virginia markets.
• Adaptive Reuse Conversion of former manufacturing facilities for new commercial and industrial uses, demonstrated by the repurposing of the former Corning Glass/World Kitchen site into Berkeley Business Park and the former General Motors Distribution Center into Shockey Commerce Center.
• Ground Lease Ground lease arrangements that allow tenants or developers to occupy and develop parcels of Shockey-owned land for commercial purposes without purchasing the underlying real estate.

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Panattoni Development Company: One of the largest privately held industrial real estate developers in the U.S., with significant build-to-suit and speculative development across the Mid-Atlantic. Closely comparable to Shockey's build-to-suit tilt-up industrial development model and enterprise tenant focus.
• First Industrial Realty Trust: Publicly traded industrial REIT owning and developing bulk and light industrial properties across major U.S. markets. Closely comparable to Shockey in product type (multi-tenant industrial parks, build-to-suit) and tenant profile (manufacturing and distribution), though nationally diversified.
• EastGroup Properties: Publicly traded industrial REIT focused on Sunbelt last-mile distribution facilities. Comparable to Shockey in its core business of owning, leasing, and developing shallow-bay industrial warehouses for distribution and light manufacturing tenants, though at much larger scale and broader geography.
• Scannell Properties: Private national developer of build-to-suit and speculative industrial, warehouse, and distribution facilities across the U.S. Closely comparable to Shockey's build-to-suit industrial capability and enterprise tenant base.
• Becknell Industrial: Private industrial real estate investment and development firm focused on build-to-suit and speculative warehouse/distribution facilities. Comparable to Shockey in private industrial development model serving distribution and manufacturing tenants.
• St. Joe Company: Florida-focused real estate operating company with significant commercial/industrial land holdings and development operations. Comparable to Shockey in combining large-scale land ownership with multi-product commercial development, though regionally distinct.
• Terreno Realty Corporation: Publicly traded industrial REIT focused on urban infill last-mile warehouses in major coastal markets. Comparable in its focus on multi-tenant industrial ownership and leasing, though Shockey serves Mid-Atlantic secondary markets while Terreno focuses on tier-one coastal infill.
• Crow Holdings Industrial: Private industrial real estate investment and development firm operating across the U.S., with deep Texas and Sunbelt focus. Comparable to Shockey as a private industrial owner/developer specializing in build-to-suit facilities.

Broad incumbents

• Liberty Property Trust (now Prologis): Previously a publicly traded industrial REIT (acquired by Prologis in 2020) with substantial Mid-Atlantic industrial holdings, including distribution and warehouse product. Comparable in geography and product mix to Shockey's Virginia and West Virginia portfolio.
• Prologis: Largest publicly traded industrial REIT globally with a multi-million sq ft logistics portfolio across the U.S., including significant Mid-Atlantic exposure. Comparable to Shockey as a landlord/developer of large industrial facilities serving enterprise tenants, but operates at vastly greater scale and diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/shockeyproperty
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/in/shockey-properties-167424126

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shockey Properties