"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:

  • 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
NOT FOR REPRINT

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