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Chesapeake industrial building goes for $1.4M
AG Wraps Inc. has purchased a 11,200-square-foot industrial building in Chesapeake for $1.4 million, Cushman & Wakefield | Thalhimer announced Monday. The building, at 913 Business Park Drive, is on 1.05 acres, and it was purchased from Allen V. Alewine. The company installs short- and long-term vinyl graphics for vehicles and has other locations in […]
Frito-Lay building in Chesapeake sells for $5.4M
A 29,494-square-foot industrial building in Chesapeake has changed ownership, S.L. Nusbaum Realty Co. announced. B&D Acquisitions LLC purchased the building for $5.425 million from Rolling Frito-Lay Sales LP. The building is located on about 6.5 acres at 909 and 913 Professional Place in Chesapeake. Rolling Frito Lay will lease the building back from B&D. Stephanie […]
Chesapeake Walmart to reopen after deadly shootings
Walmart Inc. announced Monday that the Chesapeake store where a night manager killed six workers in November 2022 will reopen April 19, following a 9 a.m. ceremony. The store has been remodeled over the past five months, and it will include an outdoor memorial space, according to Walmart. On Nov. 22, 2022, 31-year-old Andre Bing, […]
Building momentum
From olive oil to space rockets, 2022 saw a variety of companies seeking to invest — or reinvest — in the Hampton Roads region and Eastern Virginia. That kind of diversity of industries augurs well for the region’s economy, says Vinod Agarwal, professor of economics at Old Dominion University’s Strome College of Business. “In the […]
Dollar Tree CEO resigning; former Dollar General CEO to replace him
Dollar Tree Inc. CEO Mike Witynski will leave the Chesapeake-based Fortune 500 discount retailer and its board effective Jan. 29, with Executive Chairman Rick Dreiling becoming the next CEO, the company announced Tuesday. Witynski, who joined Dollar Tree in 2010, played a key role in the company’s 2015 acquisition of the Family Dollar retail chain. […]
Prism Maritime receives $250M Navy contract
Chesapeake-based Prism Maritime LLC has received a contract valued up to $250.8 million to install, modify and upgrade various combat systems for the Navy, Coast Guard and for foreign militaries, according to the Pentagon. The cost-plus-fixed-fee, cost-type contract, announced Friday, will continue through October 2027 if all options are exercised. Work will be performed on […]
Chesapeake Bank CFO appointed COO
Chesapeake Financial Shares Inc. has appointed its chief financial officer, Rebecca Andrick “Becky” Foster, to the additional post of chief operating officer, the Kilmarnock-based parent company of Chesapeake Bank and Chesapeake Wealth Management announced Monday. Foster, who has has been with the company for 27 years, has been its senior vice president and chief financial […]
Chesapeake Walmart shooting raises workplace violence concerns
UPDATED NOV. 27 Late Tuesday, a Chesapeake Walmart manager shot and killed six people, wounded at least six more and then killed himself, police said. According to police and media reports, all six of those slain were Walmart employees and two were killed in the break room. On Wednesday, Walmart’s corporate office released a statement […]
Dollar Tree adds four more execs
Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. has named four additional executives, the company announced Thursday. These hires are the latest leadership changes after a C-suite shakeup over the summer. Jennifer Bohaty will join as chief compliance officer, Terence Goods will be chief diversity officer, Jennifer Silberman will be chief sustainability officer, and Kristin [&hellip[...]
Japanese warehouse company to build facility in Chesapeake
A Tokyo-based transportation and warehousing company will invest $14 million to establish a warehouse and distribution facility in Chesapeake, creating 25 jobs, Gov. Glenn Youngkin announced Thursday. Nakano Warehouse & Transportation Corp. will build a warehouse at 2200 Steppingstone Square in the Greenbrier North Commerce Park. It will be up to 78,400 square feet and […]
Under construction
Hampton Roads Bridge-Tunnel Hampton and Norfolk Construction is underway along 10 miles of the Interstate 64 corridor from Hampton to Norfolk on the $3.9 billion Hampton Roads Bridge-Tunnel expansion project. In June, crews on the South Island began reassembling Mary, the 430-foot, $70 million tunnel boring machine (TBM) that was delivered to the Port of […]
Dollar Tree names new C-suite execs after shakeup in June
After a C-suite shakeup this summer, Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. is filling spots on its leadership team. This week, the company named a new chief operating officer and chief development officer. On Monday, Dollar Tree named Michael Creedon Jr. chief operating officer. Creedon had been with Advance Auto Parts since December […]
