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Jul 11, 2021

Va. Beach KFC building sold for $2.4M

A KFC restaurant in Virginia Beach will become a Cook Out following its $2.44 million purchase by Cook Out – Virginia Beach Inc., Cushman & Wakefield | Thalhimer announced last week. The 2,745-square-foot building at 1010 Independence Blvd. was sold by Cabrillo Mobile Lodge LLC, represented by Dean G. Martin of Thalhim[...]

Jul 11, 2021

Hampton corporate campus sells for $1.95 million

Watson’s Petroleum Equipment Service Real Estate LLC, an entity connected with the petroleum service based in Hampton, purchased a 26,214-square-foot office, manufacturing and warehouse campus on 4.45 acres for $1.95 million, Cushman & Wakefield | Thalhimer announced this week. The property at 3130-3301 NASA Drive in H[...]

Jul 11, 2021

Retail property sold for $1.29M in Chesterfield

A 10,000-square-foot retail building in Chesterfield County was sold for $1.29 million as an investment, Cushman & Wakefield | Thalhimer announced last week. YIASOU III LLC purchased the building at 10747 Midlothian Turnpike, which is leased by RVA Athletes and Sofa Design, from RDKMT LLC. Graham Stoneburner and R. Scott Dou[...]

Jul 11, 2021

Virginia Pediatric Eye Center office sells for $1.3M

Virginia Pediatric Eye Center’s Chesapeake office has been sold for $1.3 million, Cushman & Wakefield | Thalhimer announced this week. The 6,586-square-foot building at 1564 Crossways Blvd. was sold by HPR LLC to VPEC Ches Medical LLC, an entity connected to the medical practice. Rob Wright of Cushman & Wakefield |[...]

Newport News Shipbuilding’s shipyard is the state’s biggest industrial employer, with more than 20,000 workers. Photo by Ashley Cowan/Huntington Ingalls Industries
Jul 6, 2021

Huntington Ingalls Industries to acquire Alion in $1.65B deal

Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries will acquire McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital in a $1.65 billion, all-cash deal, HII announced in a news release Tuesday. The deal is expected to close by the end of this year, with Alion becom[...]

Jul 1, 2021

Federal approval process starts for Va. Beach wind farm

Friday will mark an important milestone for Dominion Energy Inc.’s wind energy plans, as the federal Bureau of Ocean Energy Management begins its two-year permitting and environmental review of the 2.6-gigawatt Coastal Virginia Offshore Wind project. That’s the next step before construction begins in 2024, Dominion s[...]

Jul 1, 2021

Leidos sees leadership changes, effective Monday

The Reston-based Fortune 500 government contractor Leidos announced a leadership shuffle Thursday, with the following changes effective July 5. Paul Engola, the company’s chief human resources officer, will be promoted to be executive vice president of the company’s national security space department. He previously served as deputy group president for Leidos’ former defense and intelligence […][...]

Jul 1, 2021

JMU entrepreneurship center hires new director

James Madison University announced Thursday that Suzanne Bergmeister has been named the next executive director of its Gilliam Center for Entrepreneurship. She comes from the University of Louisville’s Forcht Center for Entrepreneurship in Kentucky, where she has been the full-time entrepreneur in residence for the past 15[...]

Jun 30, 2021

Commercial truck, van floor manufacturer to build $12.8M plant in Patrick County

Prolam LLC, a Canadian manufacturer of hardwood floors for commercial trucks and dry van trailers, will invest $12.8 million to establish its first U.S. manufacturing plant at the former Ten Oaks satellite facility in Patrick County, creating 58 jobs, Virginia Gov. Ralph Northam announced Wednesday. The facility will increase Prolam’s manufacturing capacity by 50%, and […]

Matt Ryan. Photo courtesy Shenandoah Growers
Jun 30, 2021

Shenandoah Growers taps ex-Starbucks exec as new CEO

Rockingham County-based indoor agriculture company Shenandoah Growers Inc. has appointed former Starbucks Inc. Chief Marketing Officer Matthew Ryan as the company’s new CEO. And Mike Buckley, former senior vice president of business for Postmates, has been hired as Shenandoah Growers’ chief financial officer, the com[...]

Frederick County is fighting a lawsuit over supervisors’ rejection of a proposed solar farm on this site in the Gore area. Photo by Will Schermerhorn
Jun 30, 2021

Clouds gathering over big solar farms in Va.?

In recent years, many solar farms have been approved by local governments across the state, but the outlook in some areas isn’t so sunny anymore. In Frederick County, the Board of Supervisors’ rejection of a utility-scale solar project has led to a lawsuit. In April, Hollow Road Solar LLC and property owners National Fruit O[...]

Jun 30, 2021

JULY FOR THE RECORD

Roanoke/New River Valley Appalachian Power in late May issued two requests for proposals to help the company comply with provisions of the Virginia Clean Economy Act. Under the VCEA, Appalachian Power must meet annual interim requirements as it works to achieve 100% carbon-free energy generation in its Virginia service territory by 2050. The utility is […]

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