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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 […]
StartVirginia: Heard Around Virginia July 2024
Auterion, a software maker for computing platforms that support drones and autonomous robotics systems, has relocated its headquarters to Arlington County from Moorpark, California, as it seeks to be closer to its defense-related customers. The company already had some of its 112 employees based in the Washington, D.C., metro area for several years, but Auterion’s […]
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 […]
Henrico trade school building sells for $1.27M
Ashland-based HSH Investments has purchased a building in Henrico County leased by long-term tenant Lotus Professional College from Ritesan Co. Inc. for $1.27 million. SLN Capital Markets, a division of S.L. Nusbaum Realty, announced the sale of 8935 Patterson Ave. on April 2. Henrico County recorded the sale March 27. The 10,150-square-foot building sits on […]
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 […]
Tucker Door & Trim enters Va. with $10M Henrico plant
Tucker Door & Trim, a Georgia-based distributor and manufacturer of doors, windows and specialty millwork for the construction industry, will soon open its first facility in Virginia, creating 50 jobs, Gov. Glenn Youngkin announced Wednesday. Tucker Door & Trim will invest $10 million in a Henrico County manufacturing and assembly facility for fiberboard and fiberglass […]
Altria plans to sell 35M Anheuser-Busch InBev shares
Henrico County-based Altria Group announced Wednesday it hopes to sell 35 million ordinary shares in Anheuser-Busch InBev in a public offering. The proceeds — estimated by Bloomberg at up to $2.2 billion — will go toward repurchases of Altria’s common stock, according to the Fortune 500 company’s statement. Altria, parent company of tobacco manufacturer Philip […]
Central Virginia Year-in-Review: Pumping the brakes
During the pandemic, companies began pumping the brakes on expansions out of fear of the unknown. But, using that same car-related analogy, by late 2021, they were flooring it, explains Greater Richmond Partnership President and CEO Jennifer Wakefield. And by 2022, they had kicked it into sport mode. “Now it’s shifted back into normal mode,” […]
Central Va. Big Deal: Renaissance times
Henrico County‘s near West End is seeing a renaissance. For decades, the area bordering Richmond around the Willow Lawn neighborhood has been home to mostly defunct commercial projects and old homes. But a $450 million project announced in December 2023 to renovate an old Elevance Health (formerly Anthem) campus promises to bring a “transformation” to […]
ODEC names two C-suite execs
Glen Allen-based Old Dominion Electric Cooperative has named Jack Robb as its chief legal officer and senior vice president, and Chris Cosby as chief operations officer, the not-for-profit cooperative announced Monday. Robb joined ODEC as deputy chief legal officer last year, but before that, spent a decade serving as outside counsel while working for Miles […]
Arko names new CFO
Arko has named Robert E. Giammatteo as its chief financial officer and executive vice president, according to a Thursday announcement from the Henrico County-based Fortune 500 company that is one of the nation’s largest convenience store operators and fuel wholesalers. Giammatteo will start his new role on Jan. 2, 2024. He will also serve as […]
