Industries

For the Record - Southern Virginia

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GSI Commerce, a provider of e-commerce and interactive marketing solutions, will invest $1.5 million to expand its Henry County facility. The project will create 60 jobs at the company’s fulfillment center. GSI, based in King of Prussia, Pa., currently employs 1,000 people in Henry County. (Martinsville Bulletin) 

Hull Storey Gibson Cos., an Augusta, Ga., commercial real estate company, bought Danville’s Piedmont Mall, a 731,500-square-foot shopping center. Plans call for renovation of the mall, including new lighting, painting, flooring and entrances. The company owns 17 other malls but this will be its first in Virginia. It owns more than 12 million square feet of retail space in the South. (News and Advance) 

Four labs at the Institute for Advanced Learning and Research will transition to Virginia Tech in Blacksburg by early summer. Four faculty members and 13 graduate students in the mechanical engineering department of Virginia Tech will move their work from the institute to the main campus in Blacksburg, says Chris Horne, the institute’s director of communications. The launch of the National Tire Research Center at Virginia International Raceway later this year is changing the role of the mechanical engineering department. The National Tire Research Center, created in a partnership involving General Motors, Virginia Tech and the Virginia Tobacco Commission, is managed by the Virginia Tech Transportation Institute and will use SoVa Motion testing and simulator assets. (Danville Register & Bee) 

Liberty Fair Mall in Martinsville was sold for $15 million to U.S. Bank National Association, acting as agent for J.P. Morgan Commercial Mortgage Financial Corp., the financial lender that is the noteholder. Plans for the mall’s future were not immediately available. The mall had been owned by a limited liability partnership, Liberty Fair VA LLP, which received a $21.25 million loan in 1999. (Martinsville Bulletin) 

Martinsville hired Springsted Inc., a Saint Paul, Minn., executive search firm with an office in Richmond, to assist the city in a search for a new city manager. The city has been without a manager since January when Clarence Monday left to become county administrator in Amherst County. An announcement for a replacement may be forthcoming by May. (Martinsville Bulletin) 

Stanley Furniture Co. is considering a consolidation that would move its headquarters out of Stanleytown,  the Henry County community where the company began in 1924. Under the plan, Stanley’s headquarters would be consolidated with its High Point, N.C., office and showroom, according to company President Glenn Prillaman and a release from the High Point Economic Development Corp. (Martinsville Bulletin) 


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