Located at 2120 Staples Mill Road, the building was constructed in 1974 and sits on 0.73 acres. The building was vacant at the time of the sale, and the new owners plan on a complete renovation of the existing structure. 2120 Staples Mill LLC, the new owner, is a local real estate investment partnership.
The renovations will allow for rentable square footage and the buyer is seeking new office tenants at the present, says Kerry Riley, an investment specialist in Marcus & Millichap’s Richmond office who marketed the property on behalf of Sam Salhab, the seller.
A 15,600-square-foot commercial building in Midlothian sold for $2.4 million, Glen Allen-based commercial real estate consulting and brokerage firm Taylor Long Properties announced last week.
Located at 11000 Midlothian Turnpike in North Chesterfield, 11000 Midlothian Turnpike LLC purchased the building from The Salvation Army. The buyer was in effect East Coast Appliance (a Virginia-based appliance retailer) says Senior Vice President Brian Glass, who represented the seller in the transaction.
Vacant at the time of the purchase, the building was previously a Salvation Army thrift store owned by the Salvation Army, says Glass.
The property was last sold in 2008 and was assessed at $526,300 this year, according to Chesterfield County property records. The building is located directly across from the Chesterfield Towne Center mall.
The 979-acre RiverStone Ranch in Buchanan will go to auction on Oct. 28, rural real estate firm Hall and Hall announced last week.
The Botetourt County estate, which has remained in private ownership for more than 200 years, includes tunnels, canals and stone walls from George Washington’s James River Kanawha Project. The property will go to auction at The Hotel Roanoke & Conference Center later this month.
The property includes more than 2 miles of James River frontage for canoeing, fishing and floating and a fully-furnished three-bedroom, two-bathroom log cabin. It also includes access to a skeet range designed by Virginia Tech’s clay/skeet shooting club and more than 7 miles of hiking and ATV mountain trails. There are more than 813 acres of timber on the property.
“This 979± acre ranch with James River frontage captures the quintessential tenets of Virginia living, including unforgettable adventures, natural beauty and living history,” Scott Shuman, head of Hall and Hall Auctions, said in a statement. “RiverStone Ranch is surrounded by the Blue Ridge and Appalachian Mountains, but still accessible to major metropolitan areas.” The property is located approximately 30 miles from Roanoke.
The terms of the auction include a 5% buyer’s premium added to the final bid price and an immediate 10% earnest money deposit of the total contract price. Closing will be set 30 days from the auction date.
All photos courtesy Hall and Hall. Click to expand.
The U.S. Navy this week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractorGeneral Dynamics Corp. two contracts worth a combined $251 million, the company announced Friday.
The first contract is a $215.7 million modification to a previously awarded contract that — if all options are exercised — could be worth more than $1 billion. Under that contract, Electric Boat will provide planning yard, design agent, engineering services and technical support for in-service submarines and submersible systems.
Under the second contract, which is worth $35.3 million, Electric Boat will provide reactor plant planning yard services for the submarine fleet and support yard services for the Navy’s Moored Training Ships.
“The shipbuilders of Electric Boat are proud to be a partner to the U.S. Navy, and continue to execute our mission to provide our sailors with the advantage that helps protect our Navy and our nation,” General Dynamics Electric Boat President Kevin Graney said in a statement. “We continue to work to hire, train and develop future generations of shipbuilders as we continue to deliver the Virginia class of fast attack submarines and move toward full-scale construction of the Columbia class of ballistic missile submarines.”
General Dynamics has a global workforce of more than 100,000 employees and generated $39.4 billion in 2019 revenue. In December 2019, General Dynamics won the largest Navy contract ever awarded, a $22.2 billion multiyear order for nine (or potentially 10) nuclear-powered, fast-attack submarines capable of launching Tomahawk missiles.
The U.S. Navy awarded Falls Church-based Fortune 100 defense contractorNorthrop Grumman Corp. a $210.1 million contract to manufacture navigation systems for installation on surface and underwater U.S. Navy vessels, the Department of Defense announced Wednesday.
Under the contract, Northrop Grumman will supply AN/WSN-7 ring gyroscope systems, which senses ship motions, computes the ship’s position, velocity, altitude and other metrics.
Work on the contract will be done in Charlottesville through December 2022. The contracting activity, Naval Sea Systems Command, will use $19.7 million in fiscal 2020 funds to finance the initial task order.
Northrop Grumman employs more than 90,000 people and reported $33.8 billion in 2019 revenue.
ASGN Inc., which is moving its headquarters from California to Henrico County this month, announced Tuesday it has acquired Fredericksburg-based remote sensing and data science provider Skyris Inc.
Terms of the transaction were not disclosed.
ASGN is the parent company of Glen Allen-based recruiting firm Apex Systems LLC.
The acquisition will allow ASGN to provide offerings in geospatial and open source intelligence and data analytics to its federal government customers. ASGN will integrate Skyris into the company’s mission solutions business unit, which is focused on supporting the programs and missions of the Intelligence Community, Department of Defense and federal civilian agencies.
“Skyris’ proven success, rare technical talent and reputation as a trusted partner to the [National Geospatial-Intelligence Agency] are a strong strategic fit for ECS,” ASGN President and CEO Ted Hanson said in a statement. “By leveraging ECS’s platform of capabilities, customers, contract pathways, and cutting-edge technology partnerships alongside Skyris’ geospatial intelligence and data expertise, ASGN will further advance the mission-critical solutions we offer our customers.”
Founded in 2010, Skyris provides remote sensing and data science services to the National Geospatial-Intelligence Agency, which is responsible for providing geospatial intelligence for defense and national security missions.
“The need for improved data collection, analysis and advanced IT systems has reached an all-time high,” Skyris co-founder and CEO Michael McGowan said in a statement. “Our technical capabilities combined with the strength of the ECS platform will propel our combined companies forward at just the right time to address the proliferation of geospatial data.”
Under the terms of the acquisition, ASGN is granting restricted stock unit awards to seven Skyris employees, covering approximately 12,000 shares.
Sullivan & Cromwell LLP served as legal counsel for ASGN. Skyris used Greenberg Traurig as legal counsel and Chertoff Capital as their investment banking adviser.
Richmond-based international tobacco leaf supply company Universal Corp. announced Thursday it has completed the acquisition of Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash.
Silva will operate as part of Universal’s plant-based ingredients platform, which includes FruitSmart Inc. (which Universal acquired in January) and Carolina Innovative Food Ingredients Inc. Universal Corp. supplies tobacco and other agricultural products to more than 30 countries across North America, South America, Europe, Asia and Africa. For its fiscal year ending March 31, 2020, the company reported $1.9 billion in revenue.
Founded in 1979, Silva procures more than 60 types of dehydrated vegetables, fruits and herbs from more than 20 countries. Aside from sourcing, the company processes natural raw materials into custom dehydrated vegetable- and fruit-based ingredients for end products. The company employs more than 200 people and has a 380,000-square-foot manufacturing facility.
Silva President Kent DeVries will continue to run the business and report to Patrick O’Keefe, Universal Global Ventures senior vice president.
Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) announced Wednesday it has named Gordon Foster as senior vice president and chief financial officer, effective Oct. 26. He will succeed Gary Shankman, who announced his plans to retire by the end of 2020.
Foster has been the CFO for Herndon-based government contractor Constellis for the past two years. In his new role, he will lead corporate financial and accounting operations and report to Serco Chairman and CEO Dave Dacquino.
“Gordon has a proven track record of leading financial organizations and delivering outstanding results,” Dacquino said in a statement. “We look forward to his contributions towards the company’s future growth.”
Foster has also previously worked in financial leadership positions with ASRC Federal and Northrop Grumman Corp.
Shankman announced his plans to retire to devote more time supporting his elderly parents, according to the company.
“He has been one of the most devoted and hardworking individuals here at Serco,” Dacquino said in a statement about Shankman. “On behalf of the entire Serco family, we wish Gary a happy and fulfilling retirement.”
Serco Group plc was founded more than 50 years ago and currently employs more than 40,000 people in 35 countries, 8,000 of whom are employed in the U.S. The company works primarily with federal and local government customers.
The DanvillePittsylvania County Chamber of Commerce on Monday announced a partnership with the University of Virginia‘s Weldon Cooper Center for Public Service and the Charlottesville-based Tom Tom Foundation to launch NextGen: Southern Virginia, a virtual learning and networking opportunity for Dan River Region emerging leaders.
The NextGen program will occur during the Tom Tom Foundation’s Fall 2020 Cities Rising Virtual Summit, which assembles leaders from hundreds of cities to explore the COVID-19 pandemic’s impact as well as the movement for racial justice. The Tom Tom Foundation is focused on innovation, creativity and entrepreneurship in America’s hometowns.
The following 13 cohort members make up NextGen: Southern Virginia:
Liz Cervantes,Averett University
Rachel Covington, Danville Pittsylvania County Chamber of Commerce
Ronella Daniel, VIPKid
Danielle DuCré, Chatham Hall
Shani Gaylord,Piedmont Access to Health Services
Phillip Hayes, Noblis
Drew Herring, West Main Baptist Church
Tracy Mallard, Halifax County IDA
Lauren Mathena, Mid-Atlantic Broadband Corp.
Ryan Millner, Caswell Family Medical Center
Danielle Montague, city of Danville
Steven Osborne, Adams and Fis PLC
Maggie Richardson, The Health Collaborative
“The NextGen: Southern Virginia experience is an incredible opportunity for participants to engage with peers from across the country in an environment focused on real-time, positive impact in our communities,” Alexis Ehrhardt, president and CEO of the Danville Pittsylvania County Chamber of Commerce, said in a statement. “One of the Chamber’s three focus areas is talent development, and we are proud to partner with Tom Tom and the Weldon Cooper Center to provide such a unique experience for this incredible group of leaders.”
Herndon-based artificial intelligence tech company Geospark Analytics announced Thursday that company President Amanda Brownfield has been promoted to CEO after being with Geospark for only six months.
Brownfield succeeds Geospark founder and CEO Omar Balkinssoon, who will serve as executive chairman of the board and a strategic adviser to the company.
“I look forward to remaining actively engaged with Geospark Analytics, its partners and customers, and supporting Amanda in her new role as CEO,” Balkissoon said in a statement. One thing I’ve learned over the years is how to play to peoples’ strengths — my own and the teams I’ve built. I’m at my best when I’m inspiring new ideas and pushing the technological envelope. Transitioning from startup to scale-up requires a hardened set of skills and Amanda has that in spades. This move comes at a natural time for me as I also look to support other emerging tech founders, developing the next generation of imaginative minds as part of Georgia Tech’s CREATE-X program.”
Before joining Geospark Analytics in March, Brownfield served as TASC’s, then Engility’s, senior vice president of national intelligence for six years until its acquisition by Science Applications International Corp.
Founded in 2017, Geospark Analytics provides health, travel safety, transportation, disaster, crime, conflict, unrest and terrorism event modeling through artificial intelligence. The U.S. Space Force recently awarded the company (which is backed by General Catalyst and Zero Gravity Capital) a $100 million contract.
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