Herman Walldorf & Co., Inc. Commercial Realtors announces the sale of the former Metals USA site for $3.7 million to Westinghouse. Benjamin Pitts and Virginia Brockman, CCIM, from Herman Walldorf & Co., Inc. represented Metals USA. The 11-acre site with a 64,000 square foot facility in the Centre South Riverport/Industrial Park will house Westinghouse Nuclear Services. The total project cost is $9.45 million. In a related story, Westinghouse Nuclear Services will create 52 new high-value jobs for nuclear engineers and technicians.
‘Commercial News’
Westinghouse Purchases former Metals USA Site
Monday, June 15th, 2009Tennessee makes ‘big deal’ Top 10
Wednesday, May 13th, 2009In the time of smaller business inventment nationwide, Tennessee is leading the country in landing the biggest business deals.
Among the 10 biggest business announcements in North America last year, two were in Tennessee, according to the annual report of such deals by Site Selection magazine.
Herman Walldorf & Co., Inc. Completes Sale of Walgreen’s Site in Ft. Oglethorpe
Monday, October 27th, 2008A 20-year old concrete plant at the prominent intersection of Battlefield Parkway and Dietz Road has been purchased by DPGI, LLC. The six-acre site sold for $2.5 million. Concurrently with the acquisition, M & M Development Company of Knoxville purchased a site of 1.4 acres at the intersection to construct the second Walgreen’s in Ft. Oglethorpe.
FedEx plans Shallowford Road facility
Saturday, October 25th, 2008A new FedEx Freight facility nearly double the size of its existing Chattanooga site is planned for a Shallowford Road project. The 19-acre site was sold by agents of Herman Walldorf & Co., Inc. for $2.5 million. The project, estimated at between $5 million and $10 million, will position the company to grow its freight business and work force in the city, said Dennis Beal, FedEx Freight’s vice president of physical assets.
UT Analysis Shows VW to Boost Local Incomes by $511 Million annually
Friday, August 29th, 2008Tennessee Commissioner of Economic and Community Development Matt Kisber today released an analysis of the Volkswagen project in Chattanooga which shows the recently-announced assembly plant will boost incomes in the region by $511.1 million annually and generate more than $55 million annually in new tax revenues for both the state and local governments.
Chattanooga Lands WV, Its only North American Plant
Monday, July 28th, 2008Volkswagen announced this morning that it would build a manufacturing plant in Chattanooga, Tenn. where it will build a vehicle specifically for the North American market. The plant will employ 2,000 workers from the tri-state area and is expected to invest $1 billion in the local economy.
BlueCross Campus Takes Shape
Wednesday, January 30th, 2008Downtown Chattanooga’s skyline is starting to take another shape as BlueCross BlueShield of Tennessee’s new corporate headquarters arises from Cameron Hill. The 950,000 sq. ft. home office will have five buildings to house about 4,000 employees.
Priming the Job Pump
Tuesday, December 11th, 2007300 new jobs announced at a riverftont site in Chattanooga Alstom Power will make steam and gas turbines at the plant as it seeks to capture business related to nuclear and fossil power plant constrauction in the United States, officials said Monday.
