Newport News is currently the headquarters location of Wolseleysubsidiary Ferguson Enterprises, which has been housing WolseleyNorth America since it was created as the umbrella company ofWolseley's three North American entities in early 2005. The newheadquarters facility will sit on a 10-acre parcel near theFerguson site that the Industrial Development Authority of the Cityof Newport News plans to sell to the company.

Both local and state entities participated in wooing Wolseley.Maryland is providing about $4 million in incentives. Constructionof the new office facility is scheduled to get under way in thespring of 2006, with an estimated completion date in 2007.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.