Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Advertisement

Header Primary Menu

  • Issues
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Home News Regions CRE_other_regions Montgomery County enters into contract to buy land for expansion of corporate park

Montgomery County enters into contract to buy land for expansion of corporate park

Published June 7, 2017 by Paula C. Squires

Montgomery County wants to expand its Falling Branch Corporate Park. It announced Wednesday that its Economic Development Authority has entered into a contract with Cox Family Farms LLC to purchase 124 acres adjacent to the county’s corporate park at a cost of $2.5 million, or about $20,161 per acre.

The EDA has about 180 days to perform due diligence on the property. This includes a rezoning request as well as geotechnical and environmental studies. Rezoning applications with both Montgomery County and the town of Christiansburg were filed for the property on May 30, three days after the county entered into the purchase agreement. Before the expiration of the 180-day period, the EDA will decide whether to purchase the property and evaluate the expansion of utilities and a road.

“The Board of Supervisors is committed to keeping Montgomery County a growing and competitive area that continues to attract new businesses,” Chris Tuck, chair of the Montgomery County Board of Supervisors, said in a statement. “Acquiring this property is an important step in expanding our existing corporate park and a decision that will pay dividends in the future by providing the ground work to attract larger commercial businesses to the county.”

Currently, Falling Branch Corporate Park includes 175 acres, with 146 acres occupied by businesses that include Aeroprobe Corporate, Backcountry, Dish Network, Ferguson Enterprises, Inc. Inorganic Ventures, Polymer Solutions Inc. and PreStar Packaging. That leaves 29 acres divided into three separate lots available.

Currently, the county does not have any sites over 16 acres, which makes it difficult to attract prospective business in need of larger areas.

“Having a 100-plus acre site that’s ready for development will allow the vounty to compete for much larger projects. This will allow us to better market the county to attract a wider range of businesses to the New River Valley,” said Charlie Jewell, executive director, New River Valley Economic Development Alliance.

Related Stories

Virginia Business logo

Former DISH Network operations center sold

New Hilton Garden Inn will open in Roanoke County on Dec. 4

Virginia Business logo

High-tech companies account for more than one-fourth of Washington region’s office leasing

Trending

Caesars ups Danville casino investment to $650M

Axios to be sold to Cox Enterprises for $525M

Newport News apartments sell for $9.75M

SCC approves Dominion’s $9.8B offshore wind farm

Amazon opens new Chesapeake facility

Sponsored Stories

Creating An Urban Destination in Chesapeake

5 surprising facts employers should know about voluntary benefits

What Supply Chain Problems should you be planning for in 2023?

Advertisement

Advertisement

Trending

Caesars ups Danville casino investment to $650M

Axios to be sold to Cox Enterprises for $525M

Newport News apartments sell for $9.75M

SCC approves Dominion’s $9.8B offshore wind farm

Amazon opens new Chesapeake facility

Sponsored Stories

Creating An Urban Destination in Chesapeake

5 surprising facts employers should know about voluntary benefits

What Supply Chain Problems should you be planning for in 2023?

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2022 Virginia Business. All rights reserved.

Site Maintained by TechArk