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Retail/office collection in Richmond sells for $6.3M
A combined 15,994 square feet of retail and office buildings in Richmond’s West End area sold for $6.3 million in late March, according to Cushman & Wakefield | Thalhimer. The buildings are located at the corner of Grove and Granite avenues, at addresses 5701-5707 Grove Ave. and 124 Granite Ave. About half of the buildings[...]
Chesterfield distribution center sells for $37.5M
A distribution center in Chesterfield County’s Meadowville Technology Park sold for $37.5 million in mid-March, according to county property records. Located at 1400 Digital Drive in Chester, the 353,044-square-foot distribution center is fully leased to one tenant — CCBCC Operations LLC, a wholly owned subsidiary of Coca-Co[...]
Rolls-Royce North America names new CEO
Rolls Royce plc has named Adam Riddle as the new chairman and CEO of its Reston-based North American branch, as well as president of its defense division, effective immediately. He succeeds Thomas Bell, who recently was hired to lead Leidos. Riddle, a former Army officer and Boeing Co. executive, has been with Rolls-Royce’[...]
Hurt & Proffitt acquires Gretna civil engineering firm
Lynchburg-based civil engineering firm Hurt & Proffitt (H&P) has acquired Gretna-based Reynolds-Clark Development, according to a news release. H&P Chief Financial Officer Matthew Leslie declined to disclose the value of the deal. The company has added Reynolds-Clark’s five employees to its workforce, bringing its total personnel to about 150. Reynolds-Clark will be now be known […][...]
Colliers exec jumps to Harbor Group International
Scott Adams has left his role as executive managing director of Colliers International and joined Harbor Group International LLC as senior vice president in investor relations. Harbor Group announced Adams’ hire Tuesday. In his new role, which he started Monday, Adams will initially focus on capital raising efforts in the [...]
Mars to acquire Colorado pet care company for $1.2B
McLean-based global candy and pet food manufacturer Mars Inc. has entered into a definitive agreement to acquire Loveland, Colorado-based veterinary diagnostic and specialty product provider Heska Corp. in a deal valued at $1.2 billion, or $120 per share, the companies announced Monday. Heska will join Mars Petcare, expanding its science and diagnostics division. “This transaction […]
Raytheon receives $1.2B missile contract
Arlington County-based Raytheon Technologies Corp. will produce its Patriot missile systems for Switzerland under a $1.2 billion U.S. Army foreign military sales contract. The contract, announced by the Pentagon March 28, includes five Patriot units as well as the company’s Guidance Enhanced Missile, or GEM-T, a Patriot missile variant used to defeat tactical ballistic missiles, […]
Chesapeake Walmart to reopen after deadly shootings
Walmart Inc. announced Monday that the Chesapeake store where a night manager killed six workers in November 2022 will reopen April 19, following a 9 a.m. ceremony. The store has been remodeled over the past five months, and it will include an outdoor memorial space, according to Walmart. On Nov. 22, 2022, 31-year-old Andre Bing[...]
Coffee biz buys Newport News building for $1.1M
A coffee company purchased a 2,400-square-foot retail building in Newport News for $1.1 million with plans to turn it into a coffee shop. Seven Cities Coffee LLC, doing business as 7 Brew, purchased the building located at 398 Denbigh Blvd. from JMP Properties LLC, Cushman & Wakefield | Thalhimer announced. The coffee compan[...]
Liberty University appoints new president, chancellor
Liberty University’s board has appointed retired Air Force Maj. Gen. Dondi E. Costin as its next president and Pastor Jonathan Falwell as chancellor, with both men starting in those posts before the 2023-24 school year, the Lynchburg-based private Christian university announced Friday. Costin, who earned two master’s[...]
Wheels rolling on Henrico arena
Plans for a 17,000-seat arena in Henrico County are rolling forward, now with an international operator, ASM Global, on board. The centerpiece of the $2.3 billion GreenCity development, the venue is expected to be delivered in the third quarter of 2026. Although the project’s design is being finalized, developers say it will b[...]
Norfolk airport hotel is ‘desperately needed’
An influx of 200-seat airplanes is bringing record numbers of passengers into Norfolk International Airport, leading officials to fast-track infrastructure upgrades and pursue construction of an airport hotel. There is high demand for on-site lodging, especially among airline crews and travelers taking early morning flights, who[...]
