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Four Richmond-area distribution centers sell for $105.6M
A joint venture between Glen Allen-based Lingerfelt and Swiss private investment firm Partners Group bought three Chesterfield County distribution centers and one Hanover County facility for $105.6 million, Lingerfelt announced Friday. The four multi-tenant facilities are 100% leased to 18 tenants and total 1.16 million square feet. The properties were developed between 2000 and 2003. […]
Apparel wholesaler plans $50M Hanover facility, 1K jobs
SanMar Corp., the United States’ largest supplier of wholesale printable accessories and apparel, will invest at least $50 million to establish distribution operations in Hanover County and create an expected 1,000 jobs, Gov. Glenn Youngkin announced Thursday. SanMar’s operations, planned to occupy a 1.1 million-square-foot building in the East Coast Commerce Center, will be the [&hell[...]
Building blocks
If you ask economic development officials in Central Virginia about 2022, they might respond with a familiar slogan: “Everything is awesome.” With almost 5,000 announced jobs and $1.6 billion in capital investment, the Richmond region had one of its best years in the last two decades. By October 2022, the region recovered 100% of jobs […]
Ashland fire protection firm CEO retires
Ashland-based VSC Fire & Security (VSC) President Tommy Clements has assumed the added role of CEO, following former CEO Mike Meehan’s retirement, the fire protection and security company announced in mid-January. Meehan retired on Dec. 31, 2022. He will continue to serve on the board of directors as non-executive chairman. “The past 43 years have […]
Exceeding expectations
In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s president and CEO, as the region landed two “megaprojects” — […]
Kings Dominion to remain open year-round
Kings Dominion will expand to year-round operations beginning in January, the Doswell theme park announced Tuesday. The park will now be open an additional nine weekends, or 18 more days, in January, February and early March. Historically, Kings Dominion opens for weekends in the spring and starts daily operations around Memorial Day, continuing through Labor […]
Lutron Electronics to build $28.3M factory in Ashland
Pennsylvania-based Lutron Electronics will invest $28.3 million to build a 145,000-square-foot manufacturing plant in Ashland, creating 200 jobs, Gov. Glenn Youngkin announced Thursday. Lutron manufactures lighting controls, automated shading solutions, and intelligent lighting fixtures for residential and commercial applications. Lutron already has a sales office and training center in Ashland lo[...]
Hanover County business center sells for $41M
Baltimore-based Merritt Properties announced Tuesday it has purchased Crescent Business Center in Ashland from Crescent Business Center LC, a Thalhimer Realty Partners Inc. development, for $41.3 million. The Hanover County business center includes five industrial buildings with 262,256 square feet of space on 20 acres and are 100% occupied, including Trane U.S. Inc., Electronic Systems, […[...]
Owens & Minor receives $1.1B DOD contract
Mechanicsville-based Fortune 500 global health care logistics firm Owens & Minor Inc. has received a $1.125 billion contract modification to provide medical surgical supplies to the military and federal civilian agencies, the Department of Defense announced Wednesday. The award is for a second 30-month option period of a contract with three 30-month possible periods for […]
Va. ABC telework plan diverges from Youngkin mandate
Employees at the Virginia Alcohol Beverage Control Authority’s Mechanicsville headquarters will be returning to in-person work three days a week, not the four or five days a week that will be required of many state workers beginning July 5, following Gov. Glenn Youngkin’s telework order earlier this month. Virginia ABC CEO Travis Hill sent an […]
Owens & Minor acquires home health care company for $1.6B
Mechanicsville-based Fortune 500 health care logistics company Owens & Minor Inc. announced Tuesday that it had closed its acquisition of Indianapolis-based Apria Inc. for a cash consideration of $1.6 billion. Owens & Minor funded the purchase with a combination of debt and cash on hand. The company is combining Apria and its Byram Healthcare Centers […]
In the big leagues
Central Virginia continues to attract pharmaceutical companies, advanced manufacturing sites and distribution centers, with 2021 seeing several major deals from companies that will bring large footprints to the region. Richmond was the leader in the clubhouse, with the city occupying half of the spots on the region’s list of the 10 biggest deals of 2021, […]
