M id A tlantic Real Estate Journal — April 13 - 26, 2018 — 19A Last five years, projects closed by EDC intend to invest a record of nearly $4.3 billion Prince William County reports $817 million in intended capital investment and 954 new jobs
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2017 the Department’s fifth consecutive year of logging capital investment in excess of half a billion dollars; • 954 new job creation esti- mates for 2017 was the highest recorded for over a decade, since 2006; • 19 companies received assistance, with 18 of those companies being within the County’s targeted industry sector (life sciences & biotech- nology; information technology; federal agencies and corporate facilities; and specialized logis- tics and supply chain); • At-place employment was 128,340 as of 3Q2017 and the unemployment rate is 3.0% – 0.9%; lower than the national western PA and Eastern Ohio. The new firm is part of NAI Global, a global commercial real estate brokerage firmwith over 400 offices worldwide. In Ohio, NAI Ohio River Corridor is under the brokerage firm NAI Spring based in Canton, OH. In West Virginia and Pennsylvania, NAI Ohio River Corridor is under the broker- age firm JJ Guida Airport Realty in Weirton WV and Burgettstown, PA. Custer has been a real estate broker and consultant to the petrochemical and energy services industry in the NAI Spring office prior to
unemployment rate of 3.9%; • Ceres Nanosciences (Ce- res), a life sciences start-up, graduated the Prince William Science Accelerator, following successful fundraising and growing demand for the novel Nanotrap™particle platform; • The County welcomed Ca- belas, which opened the doors to its only store in the D.C. metro area; • Iron Mountain opened the first phase of its Data Center campus facility, built from the ground up; • The highly anticipated Farm Brew Live – the County’s first destination brewery cam- pus, opened; • 18,500 instances of support opening Weirton office and he still has clients in Stark and Carroll County, OH. Weirton is about 36 miles due west from Pittsburgh, PA and 86 miles southwest of Canton. NAI Global has an office in Pittsburgh – NAI Pittsburgh. The Ohio River streams west- ward out of Pittsburgh and forms a natural border between West Virginia and Southern Ohio. That region of the coun- try, which is rich in natural gas (wet and dry) is in the process of converting from a “rust belt” area of the U.S. to a petro- chemical, plastics and energy
were delivered to the existing business community, which ranged from consultations, visitations and resolutions to queries; • 105,521 unique website visitors; • 21 press releases reached 39 million unique visitors* and generated an estimated $1 mil- lion in earned and paid media coverage*; and •20% increase in Twitter followers. (*Conservative estimates based on third-party industry- benchmark formulas). “This record performance was attributed, with thanks, to all the County’s local and business partners that continuously services hub due to the massive shale formations in the region. “The Marcellus and Utica shale formation has created thousands of jobs and billions of dollars for infrastructure investments in the Tri-State area and it is only the tip of the iceberg,” said Custer. “There are billions more of private equity being invested in pro- duction plants now and it is creating many opportunities to repurpose aging and shuttered manufacturing facilities into new gas and plastics processing plants. Further, with manu- facturing and job creation, it ments like these create jobs and open new markets for Virginia’s farmers. Today’s announcement is a great win for agriculture in Virginia as we continue with our ongoing efforts to build a new Virginia economy.” Kevin Jamison is the co- owner of two Commune res- taurants located at 501 Vir- ginia Beach Blvd. in Virginia Beach and 759 Granby St. in Norfolk as well as New Earth Farm located at 1885 Indian River Rd. in Virginia Beach. Co-owner Ishiah White is a graduate of the Rhode Island School of Design and the cur-
strive to ensure we are deliver- ing on our value proposition,” said Jeff Kaczmarek , ex- ecutive director, department of Economic Development, Prince William County. “It has been our pleasure to conclude yet another year of diversified business growth in Prince William County.” In the last five calendar years (2013-2017), projects closed by the Prince William County Department of Economic Devel- opment alone intend to invest a record of nearly $4.3 billion and create approximately 2,853 jobs. Today, the County is home to 9,000 businesses, an increase of 40% over the past ten years. n is spurring demand for other commercial real estate product types in addition to industrial facilities, including hotels, re- tail and offices,” Custer added. Last year Custer completed a sale/leaseback involving the Calgary, Alberta natural gas and reciprocating gas compres- sion, equipment and services company Bidell, which leased a 100,000 s/f industrial facility inWeirton. In that transaction, Frontier Industrial bought the property from the Luxembourg- based steel conglomerate, Ar- celorMittal, then leased the facility to Bidell. n rent lead baker and kitchen manager at both restaurant locations and has worked for the company since its incep- tion in early 2015. The Virginia Department of Agriculture and Consumer Services worked with the City of Virginia Beach and Com- mune Bakery LLC to secure this project for Virginia. Gov- ernor Northam approved a $15,000 grant from the Gover- nor’s Agriculture and Forestry Industries Development Fund, which will be matched with a $15,000 grant through the ViBe Creative District Match- ing Grant program. n
rince William County , VA — The Prince William
County De- partment of Ec onomi c D e v e l o p - m e n t r e - leased its full year annual r e su l t s f o r 2017, report- ing $817 mil-
Jeff Kaczmarek
lion in intended capital invest- ment and an estimated 954 new jobs. Below are some of the year’s achievements and highlights: • $817 million in intended capital investment marked a significant milestone, making
NAI Ohio River Corridor opens to Pursue CRE work in emerging petrochemical and energy services region of the US
Weirton, WV — Bryce Custer, SIOR, CCIM, MRICS and managing director of NAI
Ohio River C o r r i d o r a n n o u n c e d t h e e s t a b - lishment of a new commer- cial real es- tate services firm focused on serving the
Bryce Custer
site selection and commercial real estate requirements associ- ated with the emerging petro- chemical and energy services industries in West VA, South- Virginia Beach, VA — Virginia Beach’s ViBe Cre- ative District has awarded the first two matching grants to businesses in the District. The programwas initiated last month by Virginia Beach Economic Development in collaboration with the Office of Cultural Affairs and ViBe Creative District. Governor Ralph Northam announced today that Com- mune Bakery LLC will add five new jobs and invest $163,000 to create a new 1,800 s/f commercial bakery at 532 Virginia Beach Blvd. in the ViBe Creative District. As
ViBe Creative District awards first two matching grants to commune Bakery Llc and 1701 LLC
part of this project, Commune Bakery LLC commits to pur- chasing more than $200,000 of Virginia grown grains, eggs, milk, meat, seafood, fruits and vegetables over the next three years.” 532 Virginia Beach Blvd.
1701 Baltic Ave.
“Commune Bakery LLC’s continued growth and invest- ment in the City of Virginia Beach is great news for Vir- ginia’s agriculture sector and for our economy overall,” said Governor Northam. “Invest-
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