Acreage Sold for Development of 365,000-SF State-of-the-Art Facility in Troutville
ROANOKE, VIRGINIA: Cushman & Wakefield | Thalhimer is pleased to announce the sale of approximately 36 acres located within Botetourt Center at Greenfield in Troutville, Virginia
Graham and Company, a real estate development company out of Birmingham, AL, purchased the 36 acres from the Economic Development Authority of Botetourt County for $900,000 and plans to build a 365,000-square foot state-of-the-art facility for Munters Group AB, a global leader in innovative energy-efficient and sustainable climate solutions for mission-critical processes. The project includes investing more than $36 million into the facility and operations, which will employ 250 employees and house manufacturing, research and development, and sales of data center cooling systems and high-temperature industrial process systems.
Price Gutshall of Cushman & Wakefield | Thalhimer handled the site selection and acquisition process on behalf of the developer, Graham and Company.
Additional news from Roanoke Regional Partnership: https://roanoke.org/2021/03/25/munters-group-ab-to-invest-36-million-in-botetourt-county/
Written on May 10, 2021