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Chicago developer plans senior living facility in Henrico
A Chicago developer has purchased a 5.3-acre plot of land in Henrico County for $3.75 million from Temple Beth El synagogue in Richmond. The land will be developed into a senior living facility. CA Ventures’ CA Senior Living division will be building a senior living facility, featuring assisted and independent living options and memory care, […]
Former Colortree factory to be taken over by new company
Tulsa, Oklahoma-based marketing conglomerate Moore DM Group will invest $31 million in reopening the Henrico County printing plant formerly operated by Colortree Group Inc., which abruptly went out of business in June, leaving 240 employees out of work. The new plant will be run as Richmond Print Group, a subsidiary of Moore DM Group. Richmond […]
SimpliSafe customer support center to create 572 jobs in Henrico
Home security system manufacturer SimpliSafe is establishing a customer support center in western Henrico County, a deal expected to create 572 jobs, Gov. Ralph Northam announced Thursday. The Boston-based company will invest $5.5 million in a facility at 1601 Willow Lawn Drive, close to the Richmond city line. SimpliSafe provides self-installed home security devices, 24-hour […]
Tryko Partners acquires three Va. nursing facilities
New Jersey-based property management company Tryko Partners LLC has acquired three Cambridge Healthcare Services nursing facilities in Virginia and plans to invest approximately $9 million in renovations and programming at the facilities, Tryko announced Monday. Financial terms of the transaction were not disclosed. The facilities include the 307-bed Woodbine Rehabilitation & Healthcare Center[...]
Henrico civil engineering firm promotes two execs
Henrico County-based civil engineering firm Draper Aden Associates (DAA) promoted Sri Nathella as a principal at their Blacksburg location and Tyrus Clayton as a principal at their Raleigh, North Carolina, location, the company announced Tuesday. Nathella has 29 years of experience, 25 of which have been at DAA in environmental engineering and he leads the […]
The Hilb Group acquires Florida insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Bonita Springs, Florida-based Regency Insurance Group LLC (RIG), effective Feb. 1. Financial terms of the acquisition were not disclosed. RIG is a property and casualty agency that specializes in personal lines coverage including home, auto, flood and watercraft insurance. RIG co-founders […[...]
Henrico apartment complex sells for $28.52M
Millspring Commons Apartment Homes in Henrico County sold for $28.52 million, Los Angeles-based real estate company CBRE Group Inc. announced Feb. 4. Built in 1972, the 159-unit, 165,030-square-foot townhome rental community is located at 9318 Tarheel Terrace adjacent to Staples Mill Road. Washington, D.C.-based property management company Republic Properties Corp. bought the community from real [[...]
Henrico County manufacturer purchases North Dakota company
Henrico County-based manufacturer Alchemco recently acquired a North Dakota waterproofing technology company, TechCrete LLC, in a move expected to create 15 to 20 jobs, according to Alchemco. Terms of the transaction were not disclosed, but Alchemco, which produces products to clean, repair and waterproof concrete and masonry, expects the addition to generate $50 million in […]
The Hilb Group acquires Maryland insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Wednesday the acquisition of Maryland-based Martens Johnson Insurance Agency Inc. The transaction that took effect Jan.1. Financial terms of the acquisition were not disclosed. Martens Johnson is a full-service insurance agency specializing in serving the commercial transportation industry. THG —a portfolio company of Wash[...]
The Hilb Group acquires New York brokerage
Henrico County-based insurance company The Hilb Group LLC (THG) acquired Brooklyn, New York City-based independent brokerage BR Vital Brokerage Inc. (BRV) in a transaction that took effect Jan.1, the company announced Tuesday. Financial terms of the acquisition were not disclosed. BRV specializes in property and casualty insurance for medical professionals. THG —a portfolio company of […]
GreeneHurlocker promotes Paul Allen to operations officer
Henrico County-based law firm GreeneHurlocker has promoted Paul Allen to operations officer, Co-Managing Member Brian Greene announced Friday. Allen joined GreeneHurlocker in August 2016 as a paralegal and operations manager, having previously working as a paralegal both locally and nationally. He earned a bachelor’s degree from Hampden-Sydney College in political science and economics. F[...]
Henrico office building sells for $6.3M
A Henrico County office building, the Campbell Building, sold for $6.3 million to Atlanta-based B&C CCPB LLC, Canada-based real estate company Colliers International announced Monday. The 55,920-square-foot class B office building is located at 8002 Discovery Drive in the Forest Avenue office corridor. HCA Healthcare’s Henrico Doctors’ Hospital is across the street. The property wa[...]
