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Advantia Health receives $45M investment
Arlington-based Advantia Health, which facilitates women’s health care services via its online platform, announced Friday that it received a $45 million investment from New York City-based investment management company BlueMountain Capital Management. Advantia connects customers to OB-GYN, primary care, mental wellness and specialist care providers. The company will use the investment to hire more providers, […][...]
Roanoke shopping center sells for $2.8M
Roanoke’s Springwood Park Retail Center has sold for $2.8 million, Roanoke-based Poe & Cronk Real Estate Group announced Friday. The shopping center at 3214 Electric Rd. is a 19,200-square-foot mixed use building used for retail and office space. Springwood Park was 98% leased at the time of the sale and its tenants includ[...]
Segall Group names principal and COO
Rich Sutphin was named as principal and chief operating officer for Segall Group Commercial Real Estate, the company announced Friday. Segall is based in Baltimore, Maryland, but has an office in Arlington’s Rosslyn neighborhood where Sutphin is based. As principal and COO, he will oversee the firm’s sales, leasing, business[...]
Olive oil manufacturer pays $5M for Suffolk plant
International olive oil manufacturer Acesur USA LLC purchased an 87,870-square-foot, two-story manufacturing facility in Suffolk for $5.025 million, Cushman & Wakefield | Thalhimer announced Thursday. Acesur has been producing, packaging and marketing olive oil since 1840 and is headquartered in Dos Hermanas, Seville, Spain. It bottles olive oil brands such as Coosur and La Española […][...]
Flower Foods invests $25 million to expand Lynchburg bakery
Thomasville, Georgia-based Flowers Foods will invest $25 million to expand its Lynchburg bakery into an organic facility that will create 15 jobs, Gov. Ralph Northam announced Thursday. Flowers Foods was founded in 1919 and opened its Lynchburg location 40 years ago. A publicly traded company with $4 billion in 2018 sales, Flowers Foods produces and […]
McLean software company acquires Richmond firm
McLean-based software company KLDiscovery Inc. has completed its 12th acquisition in seven years, buying Richmond-based legal services company Superior Document Services (SDS), KLDiscovery announced Thursday. Financial terms of the deal were not disclosed. SDS was founded in 1998 by Kriss Wilson and Renee Covington. The company provides litigation copying, scanning and database hosting to legal […][...]
Portsmouth industrial contractor buys parcel for $2.55M
Portsmouth-based general contracting firm W.F Magann Corp. purchased the final four acres of what was formerly a 44-acre major industrial parcel in Portsmouth for $2.55 million, real estate company Colliers International announced this week. Magann specializes in heavy marine, industrial and concrete construction. The site at 3340 W. Norfolk Rd. is located one mile from […]
Lynchburg’s BWX Technologies promotes Rick Loving to senior VP
Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. promoted Richard “Rick” W. Loving to senior vice president and chief administrative officer, the company announced Thursday. Loving has 40 years of experience previously working for energy company Babcock & Wilcox Co. and engineering company McDer[...]
Oyster Point Park property in Newport News sells for $1.08M
A property in Newport News’ Oyster Point Park was sold for $1.08 million, Cushman & Wakefield | Thalhimer announced this week. BH Commercial Properties LLC bought the 15,118-square-foot office/warehouse building at 812 City Center Blvd. from Chesterfield Properties LLC, operating as Extreme Restoration Inc. The 52-acre[...]
Former Dick’s Sporting Goods store in Fredericksburg sells for $2.6M
The site of a former Dick’s Sporting Goods Inc. store in Fredericksburg was sold for $2.6 million, Cushman & Wakefield | Thalhimer announced this week. DWMK LLC purchased the 50,227-square-foot retail store from AEI Income and Growth Fund, 23 LLC. The store closed in January 2017 and has since been vacant. The building sits on […]
Arlington cloud security company appoints two execs
Arlington-based cloud security company DivvyCloud appointed Brandie Kalinowski as vice president of people and culture and David Geevaratne as vice president of North American Sales, the company announced Thursday. Kalinowski most recently was head of people operations at Etsy in Brooklyn, New York. She will focus on recruitin[...]
U.Va. School of Nursing receives $20M donation
The University of Virginia’s School of Nursing announced Thursday that it has received its largest-ever gift. The $20 million donation from Washington, D.C.-area billionaire philanthropist William E. “Bill” Conway Jr. and his wife Joanne will support the enrollment of more than 1,000 nursing students during the next 10 years. The gift is intended to support […]
