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Dollar Tree names new CIO amid C-suite shift
Chesapeake-based Fortune 500 discount retailer Dollar Tree on Thursday announced that it has hired Bobby Aflatooni, executive vice president and chief information officer for real estate developer The Howard Hughes Corp., as its CIO. The hire comes less than a month after Dollar Tree Stores, Inc., which also owns the Family Dollar chain, announced a […]
Chesapeake office building sells for $11M
Investment group Gracestone Investments LLC has purchased an 81,318-square-foot office building in Chesapeake from GSI Inc. for $11 million, Cushman & Wakefield | Thalhimer announced July 5. The property, located at 850 Greenbrier Circle, is 100% leased to Canon U.S.A. Inc. Rob Wright of Cushman and Wakefield | Thalhimer brokered the transaction and handled sale […]
Dollar Tree overhauls C-suite
Chesapeake-based Fortune 500 discount retailer Dollar Tree is overhauling much of its C-suite leadership, the company announced Tuesday. Dollar Tree Stores Inc., which also owns the Family Dollar chain, is seeking permanent replacements for its chief operating officer, chief strategy officer, chief financial officer, chief information officer and chief legal officer. Dollar Tree CFO Kevin [&hellip[...]
Chesapeake office park sells for $5.7M
Poplar Hill Medical Center, a four-building medical office park in Chesapeake, has sold for $5.7 million, Divaris Real Estate Inc. announced Thursday. Texas-based real estate fund manager Woodside purchased the park in December 2020 and sold it to Charlottesville-based Seminole Trail Properties in a deal that closed May 6. When Woodside bought the property, it […]
Norfolk cement company to invest $37M in new dome
Norfolk-based Titan America LLC, a producer of heavy building materials, announced last week it will construct a 70,000-ton dome in Chesapeake, a project estimated to cost $37 million. Titan will build the dome to hold bulk storage, adding to its current 35,000-ton capacity at its Roanoke Cement import terminal. According to the company, the expansion […]
Perdue AgriBusiness plans $59M Chesapeake expansion
Perdue AgriBusiness will invest $59.1 million and expand operations in the city of Chesapeake, Gov. Glenn Youngkin’s office announced Thursday. The company, an affiliate of Perdue Farms Inc., will modernize facilities and increase production of high protein soybean meal, soybean oil and hulls. The expansion will position Perdue to expand soybean crushing capability to include […]
Retaining walls
With COVID-19 limiting travel and site visits for companies considering coming to Hampton Roads, economic development officials focused on shoring up existing businesses in 2021. That strategy appears to have paid off, judging by the number of companies expanding throughout the region. “2021 has been a banner year for us,” says Norfolk Economic Development Director […]
Marina Point Apartments in Chesapeake sell for $14.15M
The Marina Point Apartments complex in Chesapeake has sold for $14.15 million, brokerage firm Marcus & Millichap announced Feb. 23. MRKT Realty LLC acquired the property from a joint venture headed by Phil Capron, according to Marcus & Millichap. The 104-unit multifamily property located at 1301 Canal Drive includes 13 buildings with one-, two- and […]
Chesapeake office buildings sell for $18.9M
Two office buildings in the Greenbrier area of Chesapeake have been sold for $18.9 million, Cushman & Wakefield | Thalhimer announced Feb. 22. Miami-based KAS Partners acquired Greenbrier Office Towers I and II from FP Greenbrier Towers LLC, according to Chesapeake property records. The 171,762-square-foot Class A office portfolio is on 11.44 acres at 860-870 […]
Chesapeake shopping center sells for $6.85M
Woodford Square Shopping Center in Chesapeake has sold for $6.85 million, Harvey Lindsay Commercial Real Estate announced Friday. The 85,323-square-foot shopping center sits on 9.19 acres at 701 N. Battlefield Blvd. Its tenants include Harbor Freight Tools and Dollar General. Woodford Square Associates LP sold the property to Moxie Equities Woodford Square LLC. Ryan King, […]
Recycling joint venture to create 210 jobs in Chesapeake
Two sustainable development companies — New Jersey-based Kamine Development Corp. and Minnesota-based Nicollet Industries LLC — will invest $267 million to establish a joint venture paperboard recycling and production facility in Chesapeake, a project expected to create 210 jobs, Gov. Ralph Northam announced Tuesday. The 335,000-square-foot Celadon Development Corp. facility will be at the Che[...]
Henrico engineering firm acquires second Hampton Roads firm
Henrico County-based regional engineering firm Koontz Bryant Johnson Williams Inc. (KBJW) purchased Virginia Beach-based civil engineering firm Blakeway Corp., it announced Tuesday. Financial details of the transaction were not disclosed. The Blakeway acquisition is the firm’s second in six months, following its June purchase of Chesapeake-based Horton & Dodd PC. “Blakeway is a natural fit[...]
