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SMO Inc. acquires six Va. gas stations, convenience stores
The Wills Group, a La Plata, Maryland-based commercial real estate company, announced Wednesday that its subsidiary SMO Inc. has acquired six MAPCO gas stations and convenience stores in Virginia. The stores and gas stations are in Ashland and Chesterfield, Prince George, Stafford, Fauquier and Dinwiddie counties. The price of the acquisition was not disclosed. The […]
HCA hires Chippenham Hospital chief nursing officer
M. Lea Lee will become chief nursing officer of Chippenham Hospital on April 4, HCA Virginia announced Tuesday. Lee currently serves as the chief nursing officer for LewisGale Medical Center in Salem and will be returning to Richmond. She has previously worked with HCA Healthcare. In 2007, she was Chippenham Hospital’s nur[...]
Thomas O. Ryder joins Focused Ultrasound Foundation board
Thomas O. Ryder, former CEO and chairman of White Plains, New York-based Reader’s Digest Association Inc., has been elected to the board of the Charlottesville-based Focused Ultrasound Foundation. Ryder has served on Amazon.com Inc.’s board for two decades. He worked for Time Inc., CBS and Education Today Co. Inc., w[...]
Amazon to partner with 5 Va. schools for employee education
Amazon.com Inc. will partner with more than 140 colleges and universities, including five in Virginia, to provide fully-funded college tuition for its hourly employees, the company announced Thursday. In the Richmond area, Amazon employees will have access to degrees at Virginia Commonwealth University, Reynolds Community Colleg[...]
Fresh Market property in Chesterfield sells for $6.9M
The Fresh Market grocery store property in Chesterfield County near Midlothian has sold for $6.9 million, Colliers announced Monday. The 31,394-square-foot property was acquired from the California-based seller, 1200 Huguenot Road LLC, by California-based 101 North A ST LLC. It is located at the intersection of Midlothian Turnpi[...]
Camping World property in Hanover sells for $19.4M
The property where Camping World is located in Hanover County has been sold for $19.4 million, Colliers announced Monday. Camping World is at 11525 Sunshade Lane on 30.16 acres with 1,650 feet of Interstate 95 frontage, south of the town of Ashland. It serves as the company’s East Coast flagship location. EMAC LLC bought t[...]
In the big leagues
Central Virginia continues to attract pharmaceutical companies, advanced manufacturing sites and distribution centers, with 2021 seeing several major deals from companies that will bring large footprints to the region. Richmond was the leader in the clubhouse, with the city occupying half of the spots on the region’s list [...]
Complicated history
Rochester, New York-based supermarket chain Wegmans Food Markets Inc. is building a $175 million distribution center and regional headquarters near the intersection of Sliding Hill and Ashcake roads in Hanover County. The 1.1 million-square-foot facility is expected to create roughly 700 jobs, making it one of the most significa[...]
Walgreens to establish $34.2M fulfillment center in Hanover
Walgreens will invest $34.2 million to establish a micro-fulfillment center in Hanover County, a project expected to create 249 jobs, Gov. Glenn Youngkin announced Friday. The 65,686-square-foot facility will be located at the 185,000-square-foot Atlee Station Logistics Center and will have automated machinery to allow for a fle[...]
Fed still likely to raise rates, despite Russia-Ukraine conflict
Federal Reserve Bank of Richmond President and CEO Thomas Barkin said Thursday that he hopes to bring interest rates up to pre-pandemic levels “relatively quickly,” while noting that it’s hard to predict the future effect of the geopolitical conflict between Russia and Ukraine on the nation’s economy. Spe[...]
Allianz promotes North American CEO to global position
Henrico County-based travel insurance company Allianz Partners USA has promoted CEO Elena Edwards to chief markets officer at the company’s French parent company, Allianz Partners Group. Jeff Wright, the company’s chief financial officer, is succeeding Edwards as CEO of the U.S. business unit. Edwards will retain her[...]
U.Va. creates new center for real estate
The University of Virginia has established a new Center for Real Estate and the Built Environment at the McIntire School of Commerce with a $10 million alumni gift, the university announced Tuesday. The center, which will serve as a hub to bring together U.Va.‘s commercial real estate curriculum with university research, i[...]
