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Atlee Station:
A Landmark Location
Location, location, location … as
the time-tested adage proclaims! In the northern sector
of the Richmond
metropolitan area resides Atlee Station, Hanover County's
premier business park. Companies looking for a landmark
location in a progressive neighborhood have begun to
call Atlee Station their home.
Federal Express, Owens & Minor
Inc. and the Richmond Times-Dispatch anchor the park,
with its excellent access to major highways and an educated,
skilled work force. Hanover County's Economic Development
Department is located in the park at Lockwood, a speculative
office project started by local developer Frank Bradley.
Having direct access to Interstate 295 (the metro area's
outer loop) provides proximity to a great portion of
the Richmond region's population. One can reach Atlee
Station within 20 minutes from almost anywhere within
the metropolitan region and Richmond International Airport
is only 20 minutes from the park.
Washington, D.C., is a 90-minute drive,
as is Hampton Roads. With the soon to be completed Route
288, the outer loop will be an efficient and
highly desirable route of travel … without the hassle of traffic congestion
along Richmond's major corridors.
Hanover County is a highly desirable
location with an excellent quality of life and a favorable
business
climate. Some of the most affordable housing
on the East Coast is found within minutes of Atlee Station. Subdivisions
have popped up at an aggressive rate while commuters continue to enjoy
the
feel
of living at a comfortable pace…no big city pressures, but with
a plethora of amenities at hand. Hanover residents are also fortunate
as local government
has gained invaluable experience observing the frantic development pace
of neighboring counties and applied that knowledge to their county's
carefully
designed comprehensive plan.
Hanover County designated Atlee Station
an economic development zone in 2001. The creation of
EDZs fosters
the development of "ready-to-go" sites
by giving priority consideration for development infrastructure and
fast-track permitting.
Among the benefits of being an EDZ
are the following: 1.) priority for revenue sharing and
advanced road
design, 2.) advanced utility
design,
permitting
and funding, 3.) first priority in the development review process,
and 4.) advanced
design, permitting and land acquisition for storm water management.
Being located in an EDZ enables Atlee Station to be very competitive
in attracting
new and
expanding businesses.
The cost of doing business in Hanover
is very competitive as the county has the lowest real
estate tax rate
in the metro area. In
addition,
there is
no business and professional occupation license tax (BPOL), except
for contractors, and the machinery and tool tax is very competitive.
This
tax structure, along
with the EDZ benefits, creates an extremely attractive package
for companies looking to make a move.
The 236-acre Atlee Station provides
all these economic incentives as well as the benefits
of a high-end
master planned business park.
Combining
these
features
with a highly accessible location provides businesses with
an extremely attractive solution, with up to 32 contiguous
acres for office
or R&D sites. In addition,
hotel and retail sites are available for development along
the entrance to the park. Media General Development Corp. has
demonstrated
its desire to provide
the Richmond region with the premier business park in the northeast
sector. Exclusively represented by:
Jeffrey A. Cooke, SIOR
Gary L. Hooper, CCIM
(804) 648-5881
thalhimer.com
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