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Henrico sends default notices to $2.3B GreenCity project developers
The $2.3 billion GreenCity development in Henrico County appears to be in jeopardy. Henrico County has sent two notices of default — one in regard to the property purchase agreement and one relating to the development agreement — to the developers of the planned 220-acre GreenCity mixed-use development, which was proposed in 2020 as an […]
Henrico launches office buildings incentive program
During the pandemic, the office industry was “hit hard and quick,” says Jane DuFrane, senior vice president and Richmond market leader of Highwoods Properties, the Richmond area’s biggest landlord. But because office lease contracts last several years, “we didn’t feel the pain of COVID until those office leases started to expire,” she says. And that […]
Thalhimer subsidiary purchases Dabney Center for $75M
Thalhimer Realty Partners, a Cushman & Wakefield | Thalhimer subsidiary, has purchased Dabney Center, a 56-acre industrial park in Henrico County, for $75.3 million, the company announced Monday. The complex, which includes 14 buildings and encompasses more than 642,000 square feet, was purchased from Brandywine Realty Trust of Philadelphia. Atlantic Union Bank provided financing for […[...]
Henrico EDA program will help international businesses get foothold
The Henrico Economic Development Authority is launching a global business gateway program for internationally headquartered companies seeking to establish a presence in the United States. The Henrico Global Business Gateway, which the EDA announced Tuesday, will provide international businesses with office space for up to three staffers each in the upcoming Gather Workspaces coworking location [&h[...]
Pump, valve manufacturer to expand in Henrico
KSB USA/North America, a Henrico County-based pump and industrial valve supplier, will invest $25 million to more than double the square footage of its facility there, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. As part of the expansion, KSB will add another loading dock office space and update its shipping […]
QTS acquires rezoned Henrico tech park land
Henrico County’s Sandston area could soon see more data center facilities after the county’s board of supervisors voted in May to rezone a 622-acre site for the planned White Oak Technology Park II. Developer Hourigan shepherded the land, now owned by Kansas-based QTS Data Centers, through its rezoning to light industrial. “It is a fabulous […]
Amazing race
Virginia is reaping thousands of jobs and huge tax revenues as Amazon.com revamps its U.S. delivery network. The e-commerce giant is opening major distribution centers and sorting facilities across the commonwealth as part of its nationwide strategy to get goods to consumers faster and stay one step ahead of competitors like Walmart and Target that […]
QTS finishes $137M purchase of rezoned Henrico tech park land
QTS Data Centers has secured ownership of all 622 acres of the recently rezoned site for the White Oak Technology Park II project in Henrico County’s Sandston area for approximately $137 million. On June 28, a limited liability company belonging to QTS bought the remaining portion of the site that it hadn’t yet acquired — […]
Owens & Minor leases new HQ in Henrico
Henrico County is getting a fifth Fortune 500 company. Global health care logistics and supply company Owens & Minor is moving from Hanover County to a new headquarters in Henrico’s Innsbrook Corporate Center. The company is leasing the fourth floor of the Highwoods One building at 10900 Nuckols Road, according to Will Bradley, an executive […]
Developers break ground on rent-restricted, solar-powered apartments
Developers broke ground May 30 on the The Helios, a $54 million, rent-restricted, solar-powered apartment building in Henrico County, according to an announcement by Bank of America, which is financing construction. A joint venture between Spy Rock Real Estate Group and Crescent Development, both based in Richmond, the apartments will replace an abandoned motel. The […]
Richmond region scores in sports tourism
With several new and expanded facilities across the region, the greater Richmond area has become an attractive hub for amateur sporting events, bringing in hundreds of thousands of visitors and millions of dollars in added revenue. The region’s amateur sports tourism generated $88.7 million in hospitality-related revenue in fiscal 2023, according to Jerrine Lee, vice […]
Henrico gets federal funding jolt for EV charging stations
People shopping for a new car or truck often hesitate to buy an electric vehicle because there aren’t many public charging stations. However, that situation will improve in Henrico County, which was awarded about $1.45 million in January through the U.S. Transportation Department’s Charging and Fueling Infrastructure Discretionary Grant Program. The funds, along with a […]
