X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON COUNTY, VA-Local and state officials came out for the recent presentation of the 87,500-sf Glade Highlands shell building in the 100-acre Glade Highlands Industrial Park. The structure sits on a 19-acre plot within the designated enterprise zone and is owned by a partnership between Washington County and neighboring Smyth County called the Washington Regional Industrial Facilities Authority.

“Experience has shown that over 70% of business prospects begin the site selection process with existing buildings,” Virginia governor Mark said Governor Mark R. Warner said at the ribbon-cutting ceremony. “This new shell building will assist Washington and Smyth Counties in recruiting new businesses and, ultimately, provide quality jobs for Southwest Virginians.”

The building is part of the Virginia Economic Development Partnership’s 13-year-old Virginia Shell Building Initiative, which provides desirable financing to communities that want to construct industrial shell buildings. Eleven such structures have been developed to date, five of which have been sold.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.