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Zion Crossroads shopping center sells for $4.85M
L&D Land Trust purchased the Freedom Drive Shops retail center and the land next to it in Zion Crossroads for $4.85 million from Freedom Drive Shops LLC, Cushman & Wakefield | Thalhimer announced Friday. The 100% leased, 10,296-square-foot shopping center is at Freedom Drive and Route 15. Tenants include Dunkin’ Do[...]
Dominion reports increases in diverse hiring over past 5 years
Dominion Energy Inc. released its first public diversity, equity and inclusion report on Friday, reporting increases in gender and racial diversity among employees hired between 2016 and 2020. With a goal of reaching 40% in diverse workforce representation — meaning hires of women and non-white people — by 2026, the Richmond[...]
$41.9M apartment building coming to Richmond’s Manchester neighborhood
Atlanta and Washington, D.C.-based developer Capital City Real Estate is building a seven-story, 173,000-square-foot multifamily project in Richmond‘s Manchester neighborhood about a mile from downtown Richmond. Colliers, which assisted with the financing, announced the $41.9 million project Nov. 11. Commodore will have 17[...]
BWXT to invest $65M in new Campbell County campus
Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) will build out and upfit a center for manufacturing and research and development adjacent to its Campbell County facility, creating 97 jobs, Gov. Ralph Northam announced Friday. The Fortune 1000 company plans to invest $65 million over the next thr[...]
Henrico County retail property sells for $31M
A Baltimore-based real estate developer has purchased The Row at GreenGate, a retail property in the Short Pump area of Henrico County, for $31 million, Colliers International announced Thursday. The 100,000-square-foot property at 12151 W. Broad St. was bought by DK Greengate LLC, an entity connected to Klein Enterprises, which[...]
SCC approves Dominion settlement, refunding $330M to customers
The State Corporation Commission approved a settlement with Dominion Energy Virginia in which the Richmond-based utility will refund customers $330 million and reduce rates annually by $50 million, the SCC announced Thursday. For a residential customer using 1,000 kilowatt hours per month, the rate reduction will result in a dec[...]
Mondelez to create 80 jobs with $122.5M Henrico expansion
Chicago-based snack company Mondelez International Inc. will invest $122.5 million over three years to expand its bakery and build a sales fulfillment center in Henrico County, creating about 80 jobs, Gov. Ralph Northam announced Thursday. “Mondelez International’s long-term investment in Central Virginia is a testament [...]
VPM Media Corp. purchases Style Weekly
VPM Media Corp., the parent company of Richmond-based VPM public television and radio stations, announced Thursday it has acquired Style Weekly, the Richmond publication that was closed down in September by its owner, Alden Global Capital, after nearly 39 years in print. Financial terms were not disclosed, and a VPM spokesperson[...]
Prince George County administrator headed to King William County
Prince George County Administrator Percy C. Ashcraft is leaving to take the same role in King William County, county board chairman Floyd Brown Jr. announced Monday. Ashcraft’s last day in Prince George will be Dec. 3 and he will start in his next role on Dec. 6. “As chairman, I am saddened by his announcement, […[...]
New Liberty law school dean was State Dept. ambassador
Morse Hyun-Myung Tan will be the new dean of Liberty University School of Law beginning Jan. 1, the school announced Tuesday. Tan was most recently the ambassador at large for the U.S. State Department’s Office of Global Criminal Justice, where he oversaw the indictment, sanctioning, capture and/or conviction of war crimin[...]
Henrico expands development incentive program, amends tax credits
Henrico County announced this week it is creating a redevelopment incentive program for parts of the county that are in need of renovation. Henrico Investment Program was unanimously approved by the county board Tuesday, and the program is expected to launch in January. Incentives for development and reinvestment will be available for projects along parts […]
Performance Food Group to build $80M facility in Hanover
Performance Food Group Co., the Goochland-based Fortune 500 food distribution corporation, plans to invest $80.2 million on a new facility in Hanover County, creating 125 jobs, Gov. Ralph Northam announced Thursday. The regional sales and distribution center will be housed in a 325,000-square-foot building in Ashland. “This ne[...]
