February 27, 2021

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Design real estate

Botetourt EDA approves land sale at industrial park for little-scale producing | Enterprise Community



A drawing from 2001 of the Jack C. Smith Industrial Park, off U.S. 460, displays in yellow the tract that that Botetourt County Financial Advancement Authority sold final 7 days to a growth firm.




Botetourt County’s Economic Enhancement Authority, on the lookout to include necessary modest-scale producing to the region’s small business profile, is advertising a 15-acre tract in Blue Ridge.

The authority on Friday authorised the sale of residence at the Jack C. Smith Industrial Park, at the rear of the Blue Ridge Library, off U.S. 460. JM Industrial Qualities LLC intends to establish about five tons there, the county’s economic progress director, Ken McFadyen, claimed Friday.

The invest in rate is $755,000, he explained.

“We’re quite fired up about this,” McFadyen claimed. “There is a considerable desire in the Roanoke Valley for lesser-size producing tons just like this. [Botetourt Center at] Greenfield is definitely master-prepared for massive production functions that go on 20 acres or much more, [up to] 80 acres.

“We never really have everything for 2- and 3-acre loads, so this will tackle portion of that demand from customers.”

The buyers are two area enterprise people and real estate traders, said Krista Vannoy, vice president and chief working officer at Waldvogel Industrial Homes, which is representing JM Industrial Properties in the sale.

“They have a wealth of knowledge in nearby financial commitment properties and industrial property, redevelopment and retrofit, independently and together,” Vannoy explained on Monday. “This will be, I consider, the initial development undertaking setting up from the floor for the partnership.”