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Henrico trade school building sells for $1.27M
Ashland-based HSH Investments has purchased a building in Henrico County leased by long-term tenant Lotus Professional College from Ritesan Co. Inc. for $1.27 million. SLN Capital Markets, a division of S.L. Nusbaum Realty, announced the sale of 8935 Patterson Ave. on April 2. Henrico County recorded the sale March 27. The 10,15[...]
Sheetz starts construction on $2.4M Chesterfield property
Sheetz is building a store on 2.66 acres in Chesterfield County that it purchased for $2.45 million. The Altoona, Pennsylvania-based convenience store chain bought the property at 9420 Midlothian Turnpike from Gouldin Properties on March 18, according to county property records. Sheetz has started construction of a store at the [...]
Pharrell biopic musical to film in Va. this year
Virginia Beach-born-and-bred entertainment superstar Pharrell Williams will film a movie this spring and summer in Virginia based on his childhood, Gov. Glenn Youngkin announced Friday. There had been rumors about the musical film project, called “Atlantis” in movie trade publications recently, but Youngkin confirmed[...]
McLean’s Iridium closes on Satelles deal
McLean-based Iridium Communications, a global satellite communications company, has completed its previously announced acquisition of Satelles, a Reston-based provider of satellite-based time and location services that assist GPS and global navigation satellite systems (GNSS), the company announced Tuesday. Iridium first announc[...]
SAIC lands potential $494M NASA contract
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) has been awarded a safety and mission assurance support contract from NASA worth up to $494 million. The federal agency announced it had selected SAIC for the Safety and Mission Assurance Engineering Contract III on March 29, and the cont[...]
231-unit affordable housing development coming to McLean
Construction will begin immediately on the 231-unit first phase of an affordable housing development in McLean backed by Amazon.com, SCG Development announced Wednesday. Located at 1750 Old Meadow Road, Somos at McLean Metro will be developed in two phases. In the first phase, Tysons-based SCG Development will demolish an abando[...]
Kaufman & Canoles has new president and CEO
Jason R. Davis became president and CEO of Norfolk-based law firm Kaufman & Canoles on Monday. Davis, who has been with Kaufman & Canoles since 1997, succeeds William R. Van Buren III in his role as president. Van Buren has served as the firm’s president and chairman for 16 years and will remain chairman. “I [&hellip[...]
Atlantic Union completes $507M purchase of American National
Richmond-based Atlantic Union Bankshares completed its acquisition Monday of Danville-based American National Bankshares, parent company of American National Bank and Trust. Based on the $35.31/share closing price Thursday of Atlantic Union common stock, the transaction value was approximately $507 million, according to Atlantic[...]
Fort Monroe Authority exec director to retire
G. Glenn Oder is retiring as executive director of the Fort Monroe Authority in October, the authority announced Friday. Oder has led the FMA for the past 12 years after leaving the General Assembly, where he served as a state delegate from 2002 to 2012, representing the 94th District in the House of Delegates. “On [&helli[...]
Maryland & Virginia Milk Producers CEO to retire
Jay Bryant, CEO of Herndon-based Maryland & Virginia Milk Producers Cooperative Association (MDVA), is retiring at the end of this year, and Jon Cowell, MDVA’s current chief financial officer, will succeed him, the cooperative announced Friday. Bryant has worked at the MDVA, a cooperative of more than 900 dairy farm famili[...]
Chesapeake strip mall goes for $3.15M
A 7,800-square-foot retail strip center in Chesapeake sold for $3.15 million, according to a March news release from S.L. Nusbaum Realty. Located at 1508 Sam’s Circle, Battlefield Shops has five tenants. It is shadow anchored by Walmart, Sam’s Club, At Home and Dollar Tree stores. Battlefield Freedom Wash sold the property t[...]
Hotel in Salem changes hands for $3.1M
A Days Inn in Salem sold for $3.1 million on March 26. Located at 1535 E. Main St., the two-story hotel has 70 rooms. It was built in 1974. Evergreen Hotels purchased the property from Devkison LLC, according to property records. Milin Mehta, Chase Dewese, Jack Davis and Joce Messinger with Marcus & Millichap’s Charlotte [[...]
