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Phenix Commerce Center lands first tenant
Global e-commerce fulfillment, warehousing, and logistics provider Cirro Global has signed on to be the first tenant to move into the 840,000 square-foot Phenix Commerce Center in Hampton.
Henry County eyes $1.2M sale of 1,200-acre industrial site
Henry County's IDA has signed a deal offering a company the option to buy a 1,200-acre industrial site near Patriot Centre for $1.2M, boosting job prospects.
Largest industrial building in Richmond market holds groundbreaking
A massive 846,260 square-foot spec industrial facility under construction in southern Chesterfield County is expected to be ready for delivery before the end of the year. New York-based real estate developer PNK Group began construction on the building at 1640 Ashton Park Drive during the first quarter of this year and hosted a groundbreaking ceremony […]
Warner worried about Microporous $100M grant
U.S. Sen. Mark Warner, Virginia’s senior Democratic senator, is worried about the possibility of the Trump administration clawing back a $100 million federal grant awarded by the U.S. Department of Energy (DOE) to Microporous, the Tennessee company planning to invest $1.3 billion to build a lithium-ion battery separator facility at the Southern Virginia Megasite at […]
Danville-Pittsylvania authority invests in history
Using a $1.89 million loan from the Virginia Small Business Financing Authority, Danville and Pittsylvania County officials plan to purchase about 289 acres adjacent to the Southern Virginia Megasite at Berry Hill. Members of the Danville-Pittsylvania Regional Industrial Facility Authority (RIFA) unanimously agreed in January to move forward with purchasing the land at 5981 Berry […]
Sheet metal plant begins construction in Frederick
Chantilly-based sheet metal products manufacturer ZM Sheet Metal plans to relocate its Frederick County operations next year into a new 160,000-square-foot industrial building in Stonewall Industrial Park. ZM Sheet Metal, which specializes in services for HVAC manufacturers and ductwork, currently operates a 100,000-square-foot manufacturing plant at 260 Lenoir Drive in Frederick. The company prim[...]
All in good time
For decades, the promise of economic revitalization has tantalized Southwest Virginia. The sparsely populated region, once home to booming coal mining and tobacco industries, has had money and resources thrown at it by local, state and federal governments, but it’s still had a difficult time finding its footing. As the region’s economy has declined, so […]
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 […]
40 acres in Spotsylvania sell for $6.36M
Close to 40 acres in Spotsylvania County sold for $6.36 million, according to a May 29 news release from Cushman & Wakefield | Thalhimer. WorkSpace Property Group purchased 39.8 acres at 0 Northeast Drive from Cosner Industrial Park for future industrial development. WorkSpace Property Group is registered to an address in Great Falls. According to […]
Chesapeake preps 1,400-acre industrial park
Whenever a big economic development announcement from another state pops up in the news, Hampton Roads Alliance President and CEO Doug Smith can count on his phone ringing. “I get a call from somebody saying, ‘Why didn’t we get that?’” says Smith. “And the answer is real simple: We didn’t have 500 acres or 1,500 […]
Dickenson County to develop small industrial park
Work will start on a new industrial park on the site of a former strip mine in Dickenson County in late summer or early fall, says Dana Cronkhite, the county’s economic development director. The Virginia Department of Energy announced in January that the county’s Industrial Development Authority will receive $869,584 from the federal Abandoned Mine […]
Lynchburg area needs more industrial sites
Megan Lucas knows all too well that no product means no project in economic development, especially when it comes to pad-ready sites and move-in-ready buildings. The lack of pad-ready sites and industrial spec buildings in the Lynchburg region is the major reason the area has missed 65 economic development opportunities that could have brought as […]
