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- Federal Reserve Bank of Richmond Vice President Renee Haltom said her organization is keeping a close eye on the possible economic impacts of federal layoffs that have occurred since the start of the year. She noted that Stafford County is among the most at-risk counties in the country to feel the effects due to its high number of federal workers. Haltom made the comments Tuesday, during a business luncheon organized by the Fredericksburg Regional Alliance at the Virginia Credit Union Stadium. During a question-and-answer session at the luncheon, Atlantic Builders CEO Adam Fried said home sales have slowed noticeably since the start of the year, and he said builders won’t be able to pass along increased costs from new federal tariffs.
- Aspetto Inc., a Virginia-based manufacturer of tactical gear and provider of cybersecurity and IT services for defense agencies, will relocate and expand its local headquarters. Aspetto will move from its current home in Fredericksburg to a 5,300-square-foot office space at 150 Riverside Parkway in Stafford as well as an adjacent 3,000-square-foot manufacturing warehouse. The Governor’s Office distributed an announcement late last week.
- Stafford has published the application details for the proposed Blaisdell data center campus with about 1.5 million square feet of buildings on about 181 acres of undeveloped, wooded land just south of U.S. 17, north of the Rappahannock River and east of Interstate 95 along Olde Forge Drive in Stafford County. A rezoning, Comprehensive Plan amendment, and conditional use permit are required for the project. The applicant is TC Blaisdell Owner LLC. An electrical transmission line runs through the property, which isn’t far from the historic Gari Melchers Home and Studio (Belmont).
- There were 112 homes sold in the Fredericksburg region last week, including three for more than $1 million, according to data from the Fredericksburg Area Association of Realtors. Check back weekly for the new list.
- Catlett LLC last month purchased the 8,320-square-foot, 1.07-acre Family Dollar property at 2017 Lafayette Blvd. in Fredericksburg from Longshore Investments LLC for $1,923,556, according to Fredericksburg land records.
- Schulz Fredericksburg LLC purchased the 6,094-square-foot, 1.1-acre Hacienda El Patron property at 2805 Plank Road in Fredericksburg from an affiliate of MCB Real Estate for $1.64 million, according to Fredericksburg land records.
- Dr. Christopher Newman has officially begun his tenure as the new President and CEO of Mary Washington Healthcare (MWHC). Newman was last month’s guest on the Biz Beat Banter podcast.
- Horne’s in Port Royal is the subject of this week’s Biz Beat Clips video series.
- A contractor’s equipment and storage yard is proposed on 0.96 acres at the end of Powell Lane, about 2,500 feet southwest of U.S. 17 in Stafford.
- Stafford Economic Development Director Liz Barber and her husband will be featured on the season premiere of HGTV’s Home Town Takeover this Sunday (March 9) at 8 p.m.
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Skechers will open its Fredericksburg store on Thursday.
Skechers will open its Fredericksburg store Thursday. The 8,700-square-foot store will be at 1370 Carl D. Silver Parkway in Central Park near Hobby Lobby. River Rock Outfitter plans to open its second location nearby in early April.
- Coldwell Banker Commercial Elite reports the following recent leases:
- Metro Nova Creative (renewal), 1,928 square feet of retail space at 317 William St. in Fredericksburg from NAG Commercial LLC
- Quick Lube of Carolina Courthouse LLC, 0.98 acres of land at 10702 Courthouse Road in Spotsylvania County from Breezewood Falls LLC
- Dr. Kevin B. Handley, 100 square feet of office space at 109 Olde Greenwich Drive in Spotsylvania from Hemlock Properties LLC
- Coldwell Banker Commercial Elite reports the following recent commercial sales:
- Pelerin Capital Management LLC, Southpoint Massaponax Crossing Parcel E (0.56 acres) in Spotsylvania from W.J. Vakos & Co. for $159,000
- Ravi & Dolly Grover, 2785 Richmond Highway, Suite 101, (1,200 square feet) in Stafford from Pablo Jinku Kim & Young Sook Kim for $265,000
- The City of Fredericksburg recently issued certificates of occupancy for the following businesses:
- 10th Planet Jiu Jitsu Fredericksburg at 1623 Princess Anne St.
- The Planning Brothers LLC at 1319 Lafayette Blvd., Suite 100
- Orofino Wellness at 521 William St.
- Novel at 212 William St.
- BUMRUSH Vinyl Shop at 2225 Plank Road
- Protect Each One Consulting LLC at 501 Westwood Office Park
- Johnson Realty Advisors reports the following recent leases:
- TRU Aesthetics LLC, 2,159 square feet of medical office space at 410 Pelham St. in Fredericksburg (see more below about this property)
- Brendan Merkler, 2 acres of industrial land at 125 Perry Winkle Lane in Stafford
- Iglasia Church, 2,100 square feet of office space at 4724 Harrison Road in Spotsylvania
- Prime Mental Heath & Wellness, 1,380 square feet of office space at 392 Garrisonville Road in Stafford
- Hazel Land Co., 1,428 square feet of office space at 725 Jackson St. (Mill Race North) in Fredericksburg
- Eastern Sports Management, 770 square feet of office space (renewal) at 725 Jackson St. (Mill Race North) in Fredericksburg
- Office of Congressman Eugene Vindman, Virginia’s 7th Congressional District, 1,000 square feet of office space at 1701 Fall Hill Ave. (Chamber Building) in Fredericksburg
- Johnson Realty Advisors reports the following recent sales:
- 1701 Fall Hill Ave LLC purchased the 2,159-square-foot former Moss Family Dentistry office at 410 Pelham St. from Lloyd F. Moss Jr. for $750,000. (Moss Family Dentistry is now at 1808 Princess Anne St. in Fredericksburg.)
- Samir Anwari bought a 1,649-square-foot medical-office condo at 607-B Emancipation Highway, Suite 201, (Snowden Office Park) in Fredericksburg from RGS Medical Condos LLC for $237,500.
“Biz Beat Roundup” runs every Wednesday morning and includes a roundup of business news from around the Fredericksburg region. Send submissions to: [email protected]
