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Suffolk

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Oct 13, 2022

Lowe’s to open distribution facility in Suffolk

North Carolina-based home improvement retailer Lowe’s Cos Inc. will establish a coastal holding facility in the city of Suffolk, adding 100 jobs, Gov. Glenn Youngkin announced Thursday. Lowe’s had more than $96 billion in sales in fiscal 2021 and it operates or services nearly 2,200 home improvement and hardware stores, employing more than 300,000 associates. […]

TowneBank names new CEO
Aug 26, 2022

TowneBank names new CEO

Suffolk-based TowneBank announced Friday that William “Billy” I. Foster III will become CEO, succeeding J. Morgan Davis, who is retiring. Foster, the bank’s market president for Central Virginia and the Carolinas, joined TowneBank as a regional president in 2004, leading the bank’s expansion into the Norfolk area. Before that, he was eastern region president for […]

All together now
Aug 18, 2022

TowneBank to acquire Farmers Bank

Suffolk-based TowneBank has agreed to acquire Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, the two companies announced Thursday. The deal is expected to close early next year. The $56 million deal, which would create a combined company worth $17.5 billion in total assets, loans of $10.9 billion and $14.5 billion, would add […]

Massimo Zanetti Beverage USA logo
Jun 27, 2022

Coffee roaster to invest $29M to expand Suffolk facility

Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the […]

ACI expands Hampton Roads footprint
Jun 10, 2022

ACI expands Hampton Roads footprint

Richmond-based Atlantic Constructors Inc. is expanding its presence in Hampton Roads with a new 39,000-square-foot facility in Suffolk and 75 new jobs, the company announced June 2. Previously, ACI had three small offices in Hampton Roads, and the company has consolidated two of them into a larger, more modern facility, a company spokesperson said. The […]

May 24, 2022

Century-old Birdsong Peanuts to modernize Suffolk plant

Suffolk-based Birdsong Peanuts is investing $25.1 million to modernize it Suffolk shelling facility, Gov. Glenn Youngkin announced Tuesday. The company plans to refurbish and automate production lines at the Suffolk plant. It is also committing to additional growing opportunities for Virginia peanut producers, a news release said. Additional details about those opportunities and whether the [&hell[...]

255-apartment complex coming to Suffolk
May 20, 2022

255-apartment complex coming to Suffolk

The Cathcart Group, a Charlottesville-based real estate developer, is building a 255-unit apartment community in Suffolk planned to open in 2023. The Gallery at Godwin will be on nine acres at 3061 Godwin Blvd. in Suffolk and will have one-, two- and three-bedroom apartments with rents ranging from $1,200 to $1,900. The complex will also […]

Publix to open first South Hampton Roads store
May 12, 2022

Publix to open first South Hampton Roads store

Publix Super Markets Inc. will open its first grocery store in South Hampton Roads in Suffolk, the company announced Thursday. The 45,000-square-foot Publix will be on the southwest corner of Godwin Boulevard and Kings Fork Road, according to a news release. Publix has not given a timeline for the store’s opening. It will hire about […]

Amazon.com Inc.’s Suffolk fulfillment center will be the largest industrial building in the state when it opens this year. Photo courtesy Amazon.com Inc.
Apr 28, 2022

Amazon be nimble, Amazon be quick

When it comes to building warehouses and distribution centers, one company has sought out Virginia over and over again: Amazon.com Inc. The e-commerce giant began opening facilities in Virginia in 2006 and since then has opened more than 30 facilities in the commonwealth, with more on the way as it seeks to shrink the time […]

Mar 7, 2022

UNIS to add nearly 1M square feet near Port of Virginia

California-based third-party logistics company UNIS LLC plans to open two sites near the Port of Virginia next year, comprising nearly 1 million square feet. Industrial Realty Group LLC, which will construct the buildings, announced the project last week. It includes a 910,000-square-foot high volume, cross dock terminal in Suffolk and a 72,000-square-foot transload facility in […]

CMA CGM decided in 2021 to keep its North American headquarters in Norfolk and add 400 jobs, most of which will be in Hampton Roads. Photo by Mark Rhodes
Feb 27, 2022

Retaining walls

With COVID-19 limiting travel and site visits for companies considering coming to Hampton Roads, economic development officials focused on shoring up existing businesses in 2021. That strategy appears to have paid off, judging by the number of companies expanding throughout the region. “2021 has been a banner year for us,” says Norfolk Economic Development Director […]

Dec 28, 2021

Suffolk industrial park sells for $10.3M

Flint Acquisitions LLC bought the 275-acre Waverton Commerce Park, which includes two industrial buildings, in Suffolk for $10.3 million, Cushman & Wakefield | Thalhimer announced Tuesday. Flint purchased the property along Carolina Road from Waverton Associates Inc. and will rebrand the industrial park as Coastal Logistics Center. The buildings total 27,000 square feet. William C. […]

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