Sign In
Free Newsletter
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 managing director in Virginia for commercial real estate firm Newmark. Other tenants at the 130,803-square-foot Highwoods One building include LifeStance Health, a mental health care provider, and Primis Bank.
“Like many companies, Owens & Minor re-evaluated its office footprint in light of new workplace trends and the preferences of our teammates,” an Owens & Minor spokesperson said in a July 12 statement. “We recently finalized long-term plans for relocating our headquarters to a location in Innsbrook just minutes away from our current one and look forward to welcoming Richmond area teammates at the end of this year.”
In April, Newmark announced it had secured the $33.5 million sale of Owens & Minor’s 160,000-square-foot, Mechanicsville headquarters at 9120 Lockwood Blvd. in Hanover County to the Virginia Department of Transportation. In May, a VDOT spokesperson said the state agency’s central office will move to Hanover in summer 2025.
Owens & Minor has more than 20,000 employees worldwide with “hundreds of teammates that call the Richmond area home,” according to a spokesperson.
Henrico’s other Fortune 500 companies are tobacco products manufacturer Altria Group, conglomerate Markel Group, insurer Genworth Financial and convenience store and wholesale fuel company Arko.
“It’s a win for our region that … they’re going to continue to keep their headquarters in the Richmond region,” said Henrico Economic Development Authority Executive Director Anthony J. Romanello of the move, describing Highwoods One as “trophy office space.” He added, “There’s certainly a significant demand for very high-quality office space right now, and Innsbrook has that.”
Owens & Minor reported $10.3 billion in 2023 revenues, up from $9.9 billion in 2022.