The Keeney Knob property consists of 4,156 acres in West Virginia. Heartwood Forestland Fund VIII, L.P. (HFFVIII) purchased the property On September 4, 2015. The property is managed for HFF VIII by The Forestland Group, LLC (TFG), with primary offices in Chapel Hill, North Carolina and its main field operations office in Parkersburg, West Virginia.
|Property Name||Keeney Knob
|Coordinates||37.76’ North, 80.72’ West|
|Acquisition Date||September 4, 2015|
|Previous Owner||B.A. Mullican Lumber & Manufacturing Company|
|Dominant Forest Type||Appalachian upland hardwood|
|Managing Consultant||Landmark Forestry|
|Address||P.O. Box 205 Horner, WV – 26372|
The economic area is considered to be in the heart of the Appalachian Regional Commission region – central rural Appalachia. Mineral and timber development is common throughout the region although virtually no mineral development has occurred on the property. Most of the close surrounding tracts are made up of smaller private landowners but some larger acreage surface owners like Pipestem State Park, Greenbrier State Forest and Monongahela National Forest are in the vicinity.
B.A. Mullican Lumber & Manufacturing Company owned the largest portion of the property since 1986 when it was bought from Veach-May-Wilson, Inc. They then added an adjacent parcel in 2006 which was bought from William and Maxine Davis.
The timber resource generally considered “fair” to “good average” across the entire property. The primary forest cover types are mixed Appalachian hardwoods with hard maple, red oak, chestnut oak and basswood making up well over half of the volume for the entire property. The property has been actively harvested over the last 5-10 years. Several areas had to be harvested with a helicopter due to extreme steepness of some of the slopes.