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Florida firm buys two Henrico buildings for nearly $19M
Hollywood, Florida-based investment group Savlan Capital announced Monday that it has purchased two medical offices in Henrico County for $18.96 million. The buildings are part of the Windsor Business Park in the western part of the county and were bought from Newport Beach, California-based REIT Modiv. Savlan acquired a 51,800-square-foot flex building at 8575 Magellan […]
Paper goods manufacturer announces $17M Henrico expansion
Washington-based paper goods manufacturer American Paper Converting (APC) will complete a $17 million expansion of its Henrico County operations, expected to add 69 jobs, the Henrico Economic Development Authority announced Tuesday. APC will move its current operation at 4401 Carolina Ave. to 5801 Tech Park Way, near the county’s White Oak Technology Park. The larger […]
Avula tapped as Va. social services commissioner
Dr. Danny Avula, the director of Richmond and Henrico County‘s health districts and the state’s former COVID vaccine coordinator, has accepted Gov. Glenn Youngkin’s appointment to become commissioner of the state’s Department of Social Services, the health districts announced Friday. In January 2021, Avula was given responsibility for organizing the state’s COVID-19 v[...]
Hilb Group founder to lead acquisitions for Virginia Beach firm
Robert “Bob” Hilb will lead mergers and acquisitions at Virginia Beach-based insurance agency Choice Financial Group and continue to serve as a senior adviser and board member, the company announced Wednesday. “Bob’s experience and knowledge assisted my agency in achieving 700% growth from 2018 to 2021,” Richard Braun, Choice president and founder, said in a […]
Central Virginia BBB names new CEO
Barry F. Moore Jr., who previously served on the Better Business Bureau’s Central Virginia branch’s board, has been named its president and CEO, the Glen Allen nonprofit organization announced Wednesday. In a funny twist, the new Barry Moore replaces another Barry Moore, who retired in July 2021. They are not related. The newly hired Moore […]
Park West End apartments sell for $59M
Henrico County-based property development company McCann Realty Partners LLC acquired a 312-unit apartment community in its own backyard for $59.25 million on Dec. 27, according to Henrico County property records. Built in 1985, the 224,768-square-foot apartment community sits on 18 acres at 5300 Glenside Drive. The buildings have one- and two-bedroom floor plans, and amenities […]
Markel promotes Hollis Zyglocke to lead mid-Atlantic region
Glen Allen-based Fortune 500 holding company for insurance, reinsurance and investment operations Markel Corp. has promoted Hollis Zyglocke to regional president, mid-Atlantic region, for the company’s Markel Specialty division, the company announced Thursday. Zyglocke will lead the region within Markel Specialty’s east territory. The region she will lead includes Pennsylvania, Delawar[...]
ASGN promotes Rand Blazer to president
Henrico County-based ASGN Inc. has promoted Rand Blazer, president of Glen Allen-based ASGN subsidiary Apex Systems LLC, to president of ASGN. At the same time, ASGN promoted three other executives as presidents of its subsidiaries, the Fortune 1000 provider of IT and professional staffing services announced Monday. A former U.S. Army Captain, Blazer joined Apex […]
Innsbrook office buildings sold for $20.8M
Virginia Beach-based The Runnymede Corp. has purchased the Waterfront Plaza office portfolio at Innsbrook Corporate Park in Henrico County for $20.8 million from Raleigh, North Carolina-based Highwoods Properties, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio consists of two buildings: the 58,366-square-foot Hamilton Beach building, fully leased to Hamilton Beach Brands I[...]
11-building office portfolio in Henrico sells for $87M
An 11-building office portfolio in Henrico County sold for $87 million, according to Henrico County property records. A partnership between New York-based Jack Sitt Real Estate LLC and Dubai, United Arab Emirates-based Gulf Islamic Investments LLC bought the portfolio on Dec. 1. Thalhimer did not disclose the seller. The properties are owned by various limited […]
Altria can’t sell IQOS device in U.S. after ITC ruling stands
Henrico County-based Altria Group Inc. and former subsidiary New York-based Philip Morris International Inc. can no longer sell the IQOS tobacco heating device in the U.S. after the Biden administration’s 60-day administrative review process concluded Monday. On Sept. 29, the U.S. International Trade Commission determined that the IQOS device violated two of rival R.J. Reynolds […]
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[...]
