Business

Business in brief


Cushman & Wakefield | Thalhimer has announced the sale of 11201 Patterson Ave. in Henrico County. The Manakin Companies, LLC purchased the 1,718-square-foot freestanding office building from POB, LLC for $295,000. Isaac DeRegibus of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

Business in brief


The Redemption Center, a new church, has begun meeting in Dumbarton Elementary School every Sunday at 11:15 a.m. The church is a multi-cultural and generation congregation led by 25-year-old pastor Chip Dandridge.

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Cushman & Wakefield | Thalhimer recently announced the following transactions in Henrico County: Two Rivers Law Group, LLC – renewed its lease of 5,840 SF in the Virginia Plaza Building at 1508 Willow Lawn Dr.; and Lonestar Construction, Inc. – leased 2,666 SF in Staples Mill Business Center at 8205 Hermitage Rd.

Business in brief


Virginia Credit Union, which created its own real estate company, Virginia CU Realty, in 2010 to serve the needs of members, has now established a new division of the company to reach additional clients who may not be Virginia Credit Union members. The new division, called Virginia Select Realty, was formed in May. Virginia Select Realty is beginning operations with seven realtors and a transaction coordinator to provide administrative support. Additional agents are being actively recruited. Virginia Select Realty has offices under construction in Henrico at 6641 West Broad Street in the Reynolds Crossings development, and expects to locate there by mid-October. Mark Goad is the managing broker for Virginia Select Realty.

Napier inducted into Virginia Realtors Hall of Fame


The Richmond Association of Realtors announced recently that James T. Napier, President of Napier Realtors ERA, has been inducted into the Virginia Realtors Hall of Fame. This award honors a Virginia realtor who has made extraordinary and distinguished contributions to the real estate profession and markets in Virginia during a period of 25 years or more. Induction into the Hall of Fame is considered VAR’s principal career honor.

RAR also announced that several local realtors were inducted into the honorary fraternity of Omega Tau Rho in 2015.

Created by the National Association in 1950, the Omega Tau Rho honor is awarded by state and local realtor associations to members showing exemplary dedication and service

Business in brief


Commonwealth Commercial, a commercial real estate firm headquartered in Glen Allen, recently earned the Accredited Management Organization designation from the Institute of Real Estate Management, an affiliate of the National Association of Realtors. Currently there are only 535 management companies in the United States and Canada that have achieved the AMO designation. Firms that earn it must demonstrate the highest standards in professional service, financial stability and accountability, and have a certified property manager directing and supervising the real estate management team. In addition, AMO firms also must abide by the rigorous AMO Code of Professional Ethics that is strictly enforced by the institute. Commonwealth Commercial oversees management of 163 properties, totaling 13 million square feet across the Southeast.

Catalyst Business Workshop to be held Oct. 9


Henrico Economic Development Authority’s second annual Catalyst Business Workshop will be held Friday, Oct. 9, at Reynolds Community College’s Parham Road campus in the Workforce Development Center. Registration begins at 7:30 a.m. The half-day workshop connects 100 local business leaders and executives with experienced CEOs and business experts and is designed to give small to mid-size businesses an opportunity to learn, network and discuss issues that “keep them up at night."

The morning will include CEO roundtables, CEO panel discussions, and organized networking sessions. The event closes by 12:15 with “Ignite,” a 25-minute "Ted Talk" in which five CEO's will speak for just five minutes each.

First Capital Bank’s ‘Stuff the Bus’ benefits thousands of Central Virginia students


First Capital Bank wrapped up its eighth-annual "Stuff the Bus" event in August, with donations benefiting 3,000 students at 19 schools and organizations in Richmond and the surrounding areas. Supplies will also be replenished for students later in the school year.

Each August, First Capital Bank coordinates with Walmarts, local vendors and schools in the Richmond area to put on their Stuff the Bus event. With a big, yellow school bus in tow, First Capital Bank employees volunteer outside of local Walmarts around the Richmond area each Saturday, collecting thousands of donated school supplies to help students in need. First Capital Bank also partnered with the Richmond Flying Squirrels, collecting donations throughout the month of July, as well as at a Flying Squirrels game in August.

Regency Square partners with local artists and students


SEPT. 29, 12:30 P.M. – In celebration of Regency Square’s 40th year, the shopping center has scheduled four art projects planned to bring a feeling of celebration and vibrancy to the mall. The first art exhibition will feature local artists Matt Lively and Hamilton Glass in collaboration with students within Douglas Freeman High School’s art department. Together they will construct a mural inside the shopping center near the JCPenney wing on the first floor. Regency Square is donating paint, brushes, canvas and all other materials needed to complete the mural. The art supplies will be presented to the school tomorrow.

The two local muralists will work with more than 200 ninth- through twelfth-grade students and three art teachers.

UK-based Detectamet chooses Henrico for North American operations


A United Kingdom-based designer and manufacturer has selected Henrico County as the location for its first international facility.

Detectamet, a designer and manufacturer of metal and x-ray detectable plastic products, recently opened its facility in Eastern Henrico. The company plans to hire 15 employees and invest $1 million in the 14,000-square-foot operation.

“We are extremely pleased to welcome Detectamet to Henrico and its growing international corporate community,” said Frank J. Thornton, chairman of the Henrico County Board of Supervisors.

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Henrico Business Bulletin Board

June 2017
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West Broad Village’s Rock & Roll Summer outdoor concert series continues at “The Pad,” adjacent to Aloft Hotel at 3939 Duckling Dr., from 7 p.m. to 10 p.m. Totally Random, an 80s cover band, will perform. The concert is free and open to the public. Several parking decks feature free parking. The series continues every other Friday through August. For details, visit http://www.shopwestbroadvillage.com or www.facebook.com/WestBroadVillageShopping. Full text

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