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Richmond commercial property sells for $1.8M
Commercial parcels in the Scott’s Addition neighborhood in Richmond sold for $1.8 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Capital Square 1031 LLC purchased 21,700 square feet (0.5 acres) located at 3001-3009 W. Leigh St. in Richmond from Cash Properties to build a three-building mixed-use complex. Based in Glen Allen, Capital Square specializes […]
DuPont Spruance facility plans $75M expansion in Chesterfield
Technology-based materials producer DuPont de Nemours Inc. will invest $75 million to expand and modernize its Kevlar manufacturing plant in Chesterfield County over the next several years, Gov. Ralph Northam announced Tuesday. The DuPont Spruance factory employs 2,000 people and will add 60 more jobs as a result of the expansion. The plant, which opened […]
Spotsylvania shopping center sells for $2.55M
Fairfax-based Yims Icon Property LLC purchased Lee’s Hill Retail Center in Spotsylvania County for $2.55 million, Cushman & Wakefield | Thalhimer announced Tuesday. The retail center located at 10651-10673 Spotsylvania Ave. was fully leased at the time of the purchase. The 14,500-square-foot property sits on 1.85 acres of [...]
Whole Foods Market Richmond announces grand opening
Whole Foods Market will open its long-anticipated Richmond store at 9 a.m. on Jan. 30, the Amazon.com Inc.-owned supermarket chain announced Tuesday. Construction on the 47,000-square-foot store built on the location of the former Pleasants Hardware store at 2024 W. Broad St. in Richmond’s Fan District began in spring 2018[...]
Virginia Department of Medical Assistance Services names chief deputy
Ellen Montz was named chief deputy for the Virginia Department of Medical Assistance Services (DMAS) as of Jan. 3, DMAS announced Tuesday. Montz will be second-in-command for the agency, which oversees the state’s Medicaid program and the Children’s Health Insurance Program (CHIP). She will maintain her role as the agency’s chief health economist and director […]
Dominion chooses turbine supplier for $7.8B offshore wind farm
Richmond-based Dominion Energy has selected Spanish renewable energy engineering company Siemens Gamesa Renewable Energy S.A. as the preferred turbine supplier for its proposed $7.8 billion offshore wind farm off the coast of Virginia Beach, Dominion announced Tuesday. Dominion announced plans in September 2019 to build a 220-tu[...]
Henrico retail center sells for $4.35M
The Wistar Center strip mall in Henrico County was sold for $4.35 million to Washington, D.C.-based Fernau LeBlanc Investment Partners, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Fernau LeBlanc acquired the property on Dec. 23 from Miami-based Larkspur Properties. The property was 86% leased [...]
Universal Corp. acquires FruitSmart
Richmond-based international tobacco leaf supply company Universal Corp. acquired Grandview, Wash.-based fruit and vegetable ingredient processor FruitSmart, Universal Corp. announced Monday. Financial terms of the acquisition have not been disclosed. Universal Corp. funded the transaction with a combination of cash on hand and existing borrowing capacity. FruitSmart, founded in 1982, supplies fruit juices, concentrates, blends, [&helli[...]
Bon Secours Mercy Health acquires three Va. hospitals
Cincinnati-based Bon Secours Mercy Health has completed the acquisition of three Virginia hospitals: the 300-bed Southside Regional Medical Center in Petersburg, the 105-bed Southampton Memorial Hospital in Franklin and the 80-bed Southern Virginia Regional Medical Center in Emporia. Bon Secours Mercy Health acquired the hospitals from Franklin, Tennessee-based Community Health Systems Inc. Financial terms of the […][...]
Virginia Business names VP of sales and marketing
RICHMOND — Virginia Business Media LLC announced Friday that Lori Collier Waran will join the organization as Vice President of Sales and Marketing for Virginia Business magazine and its associated print and digital publications, effective Jan. 13, 2020. Waran previously was the longtime publisher of Style Weekly magazine in R[...]
Shamin Hotels buys Richmond Times-Dispatch building for $14.4M
Chester-based Shamin Hotels has bought the Richmond Times-Dispatch building in downtown Richmond for $14.462 million from a Berkshire Hathaway Inc. subsidiary, Shamin President and CEO Neil Amin confirmed on Thursday. Shamin Hotels will be moving its headquarters into the four-story, 172,110-square-foot building at 300 East Grac[...]
Bay Banks of Virginia names new executive VP
Michael H. Troutman was hired as executive vice president and chief revenue officer of Richmond-based Bay Banks of Virginia Inc., holding company for Virginia Commonwealth Bank and VCB Group Inc., the bank announced Thursday. Troutman has been in banking for 18 years and in his new role will be responsible for revenue-generation[...]
