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Campbell County apartments sell for $4.3M

Moss Creek in the community of has been sold for $4.3 million, announced earlier in May.

The property includes 15 quad buildings built in 1984 and 60 two-bedroom apartments. Heights Properties LLC acquired the property from LLC on May 3 and plans to renovate the apartments, according to a news release. The community is located along Waterlick Road.

Clay Taylor, of Cushman & Wakefield | Thalhimer’s Capital Markets Group out of , handled negotiations on behalf of the seller.

Retail, self-storage property sells in Frederick

A building and self-storage facility in have been sold for just under $4 million, announced earlier in May.

Frederick Pike Holdings LLC purchased the 21,322-square-foot retail building and 27,000-square-foot self-storage facility from Winchester Capital Group Inc. as an investment for $3,943,700. The properties are located at 118 Pike in Stephens City.

Jamie A. Scully, of Cushman & Wakefield | Thalhimer, handled negotiations on behalf of the seller.

 

Century-old Birdsong Peanuts to modernize Suffolk plant

-based is investing $25.1 million to modernize Suffolk shelling facility, announced Tuesday.
The company plans to refurbish and automate production lines at the Suffolk plant. It is also committing to additional growing opportunities for Virginia peanut producers, a news release said. Additional details about those opportunities and whether the investment includes new jobs were not immediately available Tuesday.
“When long-term corporate partners like Birdsong Peanuts reinvest in Virginia, it underscores that Virginia is open for business,” Youngkin said in a statement. “Birdsong has positively impacted the region’s economy and Virginia’s industry for over a century. This market leader facility expansion reinforces Suffolk’s reputation as the ‘peanut capital of the world.’”
Founded in 1914 by T.H. Birdsong in Courtland, Birdsong moved its operations to Suffolk in 1939 after the company’s shelling plant burned, and founder Amedeo Obici requested that Birdsong relocate near his factory there, according to the company’s website. Birdsong now operates shelling plants in Virginia, Georgia and Texas, and partners with farmers in 11 states to sell peanuts worldwide.
“Birdsong Peanuts chose to reinvest in Suffolk because our corporate headquarters is here, there is a thriving peanut producer base here, there is good access to domestic and export markets, and also because of the region’s talented workforce,” Birdsong President Charles Birdsong said.
The and the worked with Suffolk to secure the project and Youngkin approved a performance-based grant of $250,000 from the Virginia Investment Performance Grant, an incentive that encourages continued investment by existing Virginia companies. A $250,000 grant from the Governor’s Agriculture and Forestry Industries Development Fund also helped finalize the deal.
“The Virginia peanut is perhaps the commonwealth’s most famous contribution to world cuisine and few families have done more than the Birdsongs in bringing Virginia peanuts to the world,” Secretary of Agriculture and Forestry Matthew Lohr said. “It is always a cause to celebrate when we see companies make major investments into the infrastructure that supports Virginia’s farmers, but this is especially true when that investment is being made by a homegrown, family-owned business in support of one of our most iconic agricultural products.”

Carilion receives $1M gift for cancer program

Roanoke developer Maury Strauss has donated $1 million in honor of his late wife to support the expansion of ‘s program, Carilion announced Tuesday.

Sheila Strauss died of bladder cancer in 2016; the couple were married 65 years. Maury Strauss is the founder of Strauss Development Corp.

“We are so grateful to Maury for the opportunity to honor Sheila’s memory as we continue to advance cancer care for our region,” Carilion President and CEO Nancy Howell Agee said in a statement. “The thousands of patients in our region diagnosed each year with cancer deserve access to the latest, most advanced care right here.”

Since 1979, Carilion’s oncology program has been accredited by the Commission on Cancer. Carilion provides cancer care from diagnosis and treatment to rehabilitation for adult and pediatric patients in partnership with Blue Ridge Cancer Care. Carilion also participates in and clinical trials.

Carilion’s current cancer center is operating at capacity. The health system has seen a 40% increase in patient volume over the past 10 years and the system treated more than 2,000 new cancer patients in 2021.

When Sheila Strauss received her diagnosis, the Strausses traveled out of state so that she could participate in a clinical trial. Maury Strauss seeks to expand the number and scope of locally available clinical trials through his .

“ is one of the most important things in any community, and what Carilion has done to advance care in the Valley is remarkable,” Strauss said in a statement. “I want to see that continue for generations to come.”

Colonna’s Shipyard promotes three execs

Norfolk-based Inc. announced Monday had promoted three executives to senior positions, effective in July.

CSI has promoted Jordan Webb from vice president of contracts to vice president of shipyard operations; Randall Crutchfield from chief experience officer and executive director of America and Weld America to vice president of industrial operations and facilities; and Chris Marsh from director of trades to executive director of waterfront operations.

“These key along with a strategic organizational realignment reflect our response to the emerging dynamics of the marketplace and demonstrate to our customers and key stakeholders the continuity of experienced leadership within our company,” CSI President and CEO Tom Godfrey said in a statement.

Webb will be responsible for all legacy waterfront business, including its Down River Division work. He has led the CSI contracts department since 2017. Webb started as a ship superintendent, became a shipyard project manager and contract manager and then served as operations manager of Steel America.

Webb has a bachelor’s degree in business management from Virginia Tech and completed his project management professional curriculum through Villanova University.

Randall Crutchfield photo courtesy Colonna’s Shipyard Inc.

In his new position, Crutchfield will be responsible for CSI fabrication and operations, including off-site and machining and capital project planning and execution. He is also vice chair of the CSI Board of Directors. Crutchfield has worked in several departments across CSI and its subsidiaries, including procurement, Down River operations, contracts, project management and facilities.

He holds a bachelor’s degree in international trade and development from The University of North Carolina at Chapel Hill and an MBA from Regent University.

Marsh will now lead enterprise-wide legacy waterfront business and Down River operations and will oversee operations of Colonna’s Shipyard West in San Diego. He was most recently CSI’s director of trades. Before joining CSI, Marsh was production director for General Dynamics NASSCO-Norfolk for five years.

Marsh is a marine pipefitting and welding apprenticeship graduate of Shipbuilding and is an American Weld Society certified weld inspector. He is currently studying business management at Old Dominion University with a focus on project management.

Founded in 1875, Colonna’s provides ship repair, marine and industrial machining and steel fabrication. Between its headquarters and its San Diego location, Colonna employs approximately 700 . In 2020, it received an $800,000 grant for new welding machines through the Small Shipyard Grant Program operated by the U.S. Department of Transportation’s Maritime Administration.

Gainwell Technologies hires new client engagement officer

-based has named as its chief client engagement officer, the health and human services provider announced last week.

Shields will work in collaboration with Gainwell’s project team to anticipate and fulfill client needs, according to a news release. She previously served as deputy director for the Center for Medicaid and Child Health Insurance Program, led development of Herndon-based company Serco Inc.’s business and also was deputy director of operations for the ‘ Center for Consumer Information and Insurance Oversight.

“One of the hallmarks of a market-shaping culture is the ability to anticipate clients’ needs and proactively solve them. Gainwell has been at the forefront of this effort, and with Karen joining our leadership team, her health care and technology background will be invaluable as we help clients improve the health and human services they deliver to members, all while modernizing systems and processes, and reducing costs,” Gainwell CEO said in a statement.

Gainwell was carved out of Ashburn-based Fortune 500 IT services company Technology when it sold its health and human services business to private equity firm Veritas Capital in 2020 for $5 billion.

“I’m excited to join the Gainwell team and apply my experience in health care, technology and government to further support our nation’s essential health care programs,” Shields said. “I will be laser-focused on listening to our clients’ priorities and working alongside them to help them deliver innovative solutions that will improve health and human services’ outcomes in the communities they serve.”

 

Fairfax medical building sells for $21M

Prosperity Plaza, a less than a mile from Inova Hospital, has been sold for $21 million, Avison Young announced last week.

Bethesda, Maryland-based Global Medical REIT purchased the 96,070-square-foot building at 3020 Hamaker Court in Fairfax from the original developer, The Tomares Cos. Built in 1986, is seven stories with a two-level parking garage. ‘s on three acres of land.

The building is 84% leased to medical and traditional office tenants, including MedStar Health, Inova Health System, the Neurology Center of Fairfax and company Gates, Hudson & Associates Inc.

Avison Young brokered the sale of the property. Jim Kornick, Mike Wilson, Jon Goldstein and Joe French, all of Avison Young’s U.S. medical office sales department, represented the seller.

Breeden breaks ground on Newport News apartments

The Breeden Co. is breaking ground on a $33 million apartment project in the Huntington Pointe area of , the Virginia Beach-based firm announced Thursday.

Avant, located off Denbigh Boulevard, will have 176 one-, two- and three-bedroom between 672 and 1,517 square feet each.

Breeden Construction will serve as the general contractor, and Breeden’s property division will manage the apartments after construction is complete.

The company has three other residential projects in development in :

  • Lake Taylor Pointe in , a $43 million development under construction since April, will have 198 garden-style and carriage home apartments in 20 buildings. This project is set for completion November 2023.
  • The Pinnacle on 31st Street in Virginia Beach will have 240 apartments. Construction on the $69.1 million project started in May 2021 and is scheduled to finish in May 2023. The triangle-shaped building is more than 540,000 square feet and is at the Virginia Beach Oceanfront.
  • The $24.5 million 15Hundred Hilltop in Virginia Beach will have 113 garden-style apartments in six buildings. is expected to be complete in November 2023.

Booz Allen Hamilton promotes exec to COO

McLean-based Fortune 500 global consultant Inc. announced Friday that had promoted executive Kristine Martin Anderson to , effective June 1.

Anderson is currently an executive vice president and president of the firm’s civil sector division.

“She has demonstrated the ability to grow and manage -first businesses, develop talented leaders, help senior clients transform and integrate acquisitions, all while consistently delivering strong financial results,” Booz Allen President and CEO Horacio Rozanski said in a statement. “As , Kristine will work closely with me as well as other leaders to drive operational performance, accelerate the execution of our strategy and help us gain efficiencies that lead to faster growth.”

Anderson has been with Booz Allen for more than 16 years. She has led the company’s civil sector business for the past four years and previously led Booz Allen’s health business. “Booz Allen has the benefit of both incredible leadership talent and strong market positioning across the entirety of government,” Anderson said in a statement. “As COO, I look forward to working with a broad group of those leaders to unlock the next level of performance.”

Before joining Booz Allen in 2006, Anderson was vice president for operations and strategy at CareScience, a Philadelphia-based software solutions company.

She serves on the board of directors for Executives for Health Innovation and is co-chair of the National Quality Forum’s Cost and Resource Use Standing Committee.

Anderson holds a bachelor’s degree in neurobiology from the University of Pennsylvania and an MBA from The Wharton School of the University of Pennsylvania.

Rich Crowe, an executive vice president serving as Booz Allen’s chief growth officer, will succeed Anderson as president of the firm’s civil sector. He has been with Booz Allen for 17 years.

Booz Allen employs approximately 29,500 workers globally, with about 10,000 employed in Virginia. For the 12 months ended March 31, 2021, Booz Allen reported revenues of $7.9 billion.