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Forward motion
Shenandoah is known for apple blossoms, but something else is popping up this spring in Front Royal: a new 340,000-square-foot warehouse logistics center. About a half-mile from the Virginia Inland Port, the center is one of roughly a dozen projects in the region built by Equus Capital Partners Ltd., a commercial real estate age[...]
Bill Buchanan named CEO of BARC Electric Co-op
Millboro-based BARC Electric Cooperative has named Bill Buchanan as CEO, replacing Michael Keyser, who left the cooperative in December 2021. Buchanan will take over as CEO effective May 9. Chief Operations Officer Chris Botulinski has been filling in as interim CEO and will return to his role as COO, the cooperative announced M[...]
Frederick County insulation facility add-on to create 37 jobs
Atlanta-based Kingspan Insulation LLC will invest $27 million to expand its Frederick County operations, a project expected to create 37 jobs, Gov. Glenn Youngkin announced Wednesday. Kingspan Insulation is a division of Kingspan Group that manufactures energy efficiency and moisture management products for residential and comme[...]
Trex starts HQ move to Winchester
Composite decking and railing manufacturer Trex Co. Inc. broke ground in January on its new $7 million global headquarters in Winchester. The 64,000-square-foot office facility will be located on 8 acres along Crossover Boulevard near Interstate 81. The company’s corporate offices are currently located on Exeter Drive in Frede[...]
Reclaiming glory
Mark Spadoni took on the role of managing director at The Omni Homestead Resort to help restore the iconic hotel, which turns 256 years old this year. “It’s a great responsibility,” he says. “We want to maintain the past but make it relevant to moving forward. The goal is to set it up for the […]
Return to form
In terms of business activity and economic development wins, 2021 turned out to be a stellar year for the Shenandoah Valley. “We have exceeded what we anticipated from a business activity perspective,” says Jay Langston, executive director of the Shenandoah Valley Partnership, which promotes economic development from Shenand[...]
Amazon to open Augusta County distribution facility
Amazon.com Inc. will open a 1 million-square-foot, nonsortable fulfillment center in Augusta County, creating 500 jobs, Gov. Glenn Youngkin announced Wednesday. The facility at 32 Trader Road in Fishersville will open in spring 2023 and will pick, pack and ship bulky or larger-sized items, such as patio furniture, outdoor equipm[...]
B-Cubed program aids minority-owned businesses
A minority business assistance program in Harrisonburg and Rockingham County has helped 15 businesses and disbursed $21,700 in grant money in its first year of operation. With $200,000 in state and federal grant awards announced in October 2021, organizers of the Black- and Brown-Owned Business Growth Program, known as B-Cubed, [...]
Va. housing market broke records in 2021
Last year Virginia’s housing market was one for the record books, according to a new report released Jan. 21 by Virginia Realtors. In 2021, there were 154,340 home sales statewide, a 10.2% increase over 2020, according to the industry association. The median sales price was $350,000, a $30,000 jump, or 9.4% increase, from the previous […]
State awards $7M in grants to help with site readiness
Eleven commercial projects across the commonwealth will get a boost to help with site readiness, Gov. Ralph Northam announced Thursday. The Virginia Business Ready Site program, administered by the Virginia Economic Development Partnership, awarded $7 million in development grants. Having project-ready sites available has been a[...]
Daikin dojos offer workforce training
In the U.S., the Japanese word “dojo” generally refers to a martial arts training space, but in recent years, the term’s also been adopted in business for workforce development. In October 2021, Daikin Applied, a Minneapolis-based commercial HVAC equipment manufacturer, expanded the training dojo program at its Verona prod[...]
7-Eleven portfolio sells for $19.7M
A portfolio of seven 7-Eleven Inc. gas and convenience locations around the commonwealth have been sold to affiliates of Hermosa Beach-based Equitas Investments LLC for $19.7 million, Cushman & Wakefield | Thalhimer announced Monday. The deal closed on Dec. 22 and includes seven freestanding, corporately leased 7-Eleven stor[...]
