Industries Commercial Real Estate

Two companies expand operations in Virginia Beach

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Osen-Hunter Defense Systems LLC is moving its operations to a new 15,000-square-foot office/warehouse facility in Virginia Beach’s Taylor Farms Commerce Center.  The veteran-owned, small business, which specializes in training for military, law enforcement and intelligence community teams, is currently leasing 2,500 square feet of space on Laskin Road. The five-year lease represents a six-fold expansion for the company, located in Virginia Beach since 2006.

According to the city’s Economic Development Authority, the expansion will create 14 full-time jobs with average annual salaries of $81,800. New positions will include a manufacturing comptroller, product development directors, several training and logistics specialists and fabricators/assemblers. The authority approved a $50,000 Economic Development Investment Program (EDIP) grant to assist Osen-Hunter with its growth based on projected capital investment and job creation.

Osen-Hunter is a family of companies that provides security, operational support and training for government, military, corporate and individual clients operating in high-risk environments around the world. It also has locations in Austin, Texas, and Barboursville, Va.Bobby Beasley with Harvey Lindsay Commercial Real Estate and Allen Pyle of Pyle Realty negotiated the transaction.

The authority also authorized an EDIP grant to Lynnhaven Motor Co. (doing business as Gabriel Automotive Enterprises, Inc.) in the amount of $40,000. The company has purchased a 1.4-acre site on Maxey Drive for $300,000, and plans to move its retail automotive sales operations there from a current site on Virginia Beach Blvd.

Development of the property will occur in two phases. The first phase is construction of a 3,000-square-foot sales facility and 100 parking spaces. Phase two includes an optional 3,400-square-foot auxiliary repair facility. The total amount of capital investment by Lynnhaven Motor Co. is $750,000 including site purchase and construction of the building in addition to $14,000 of business personal property.

Bill Overman with S. L. Nusbaum negotiated the transaction on behalf of Lynnhaven Motor Co.

 


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