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Data center air systems manufacturer announces $36M plant in Botetourt
Munters Group AB, a Sweden-based manufacturer of air treatment and cooling systems for data centers and other industrial applications, will invest $36 million to relocate its Buena Vista operations to Botetourt County, company and county officials announced Thursday. Munters will begin construction in April on a 365,000-square-foot manufacturing facility expected to open in summer 2022 […]
First Bank to acquire The Bank of Fincastle
Strasburg-based First National Corp. (the bank holding company of First Bank) announced Thursday it will acquire The Bank of Fincastle. Financial terms of the transaction were not released, but the combined bank is expected to have approximately $1.2 billion in assets, $868 million in loans, $1 billion in deposits and 20 branch offices across Virginia. […]
RiverStone Ranch auction set for Oct. 28
The 979-acre RiverStone Ranch in Buchanan will go to auction on Oct. 28, rural real estate firm Hall and Hall announced last week. The Botetourt County estate, which has remained in private ownership for more than 200 years, includes tunnels, canals and stone walls from George Washington’s James River Kanawha Project. The property will go […]
Daleville shopping center sells for $8M
Botetourt County shopping center Orchard Marketplace has sold for $8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Club Forest Guardian LLC purchased the 46,552-square-foot property from Orchard Anchor LLC and New Orchard Marketplace LLC on March 10. The property was 100% leased at the time of the sale to Food Lion […]
