Advantis Real Estate Services Co.,
a commercial real estate company headquartered in Atlanta
with operations in Virginia, added a business brokerage
division focused on small-to medium-sized businesses.
The new operation will concentrate on buying and selling
businesses from Hampton Roads to Richmond that would
sell for $250,000 to $10 million. (Daily Press)
BondCote Corp. of Pulaski County,
a manufacturer of laminated industrial fabrics, will
invest $2.7 million to expand its operations in the
town of Pulaski and hire 27 workers. Virginia competed
with Georgia, North Carolina, South Carolina and West
Virginia for the investment. (Press release)
TowneBank, a financial institution
headquartered in Portsmouth, established its first presence
in Norfolk by leasing part of the former BB&T building
on East Main Street. William Foster will head TowneBank’s
Norfolk operation. (The Virginian-Pilot)
Virtus Marketing, a Richmond
provider of call center and business-to-business support
services, plans to invest $100,000 in an expansion of
its Norton facility and create 35 jobs. (Press release)
Waterford Development, a Reston-based
residential real estate company, formed a commercial
real estate operation, Waterford Commercial LLC, to
serve the Washington, D.C. and Northern Virginia markets.
Christopher A. Ciliberti, formerly with The Akridge
Co., will serve as president. (Press release)
