REGIONAL VIEW eastern virginia

Ferguson to expand headquarters in Newport News by Siona Peterous

F News. The $82.8 million project

will include construction of a seven-story headquarters building at City Center at Oyster Point, a mixed-use development approximately 4 miles from the company’s cur- rent Newport News headquar- ters. The expansion is expected to create 434 jobs and retain 891 positions. Ferguson Enterprises is the largest plumbing whole- saler in the U.S. It also is a major distributor of heating, ventilation and air conditi on- ing (HVAC) equipment, fire protection systems, waterworks and industrial products and services. The company is part of Zug, Switzerland-based Wolseley plc, which was scheduled to change its name to Ferguson on July 31. In explaining the expan-

sion, Ferguson Enterprises said it had reached capacity at its Hampton Roads operations.


The Colonial Williamsburg Foundation is undergoing a financial transformation to secure its future. Mitchell Reiss, president of the foundation, said it would outsource some of its operations and lay off 71 employees. The plan includes outsourcing its golf operations, retail stores, most of its mainte- nance and facilities operations, and commercial real estate management. The new vendors include Kemper Sports for golf operations, Aramark for prod- ucts and retail management, Brightview for landscaping and WFF for facilities management. (

Isle of Wight County is reducing some of its financial incentives

erguson Enterprises Inc. is expanding its footprint in Newport

spend $25.5 million to build a 1,500-space public parking garage that will connect to Ferguson’s new offices and $700,000 to extend a private road from the garage to the building.

The 52-acre City Center

Ferguson Enterprises’ headquarters operations currently are housed in six buildings in Newport News and one location in Hampton.

The company, which has been based in Virginia for more than 60 years, also said it opted to stay in Newport News because of its strong workforce. In addition to Virginia, Fer- guson Enterprises considered expanding in California, Oregon, Nevada and South Dakota. Hiring for new job open- ings has begun and will con- tinue until 2021. Construction on the 260,000-square-foot headquarters building will begin next year and is expected to be completed in two to three years. City Center offers an

for Keurig Green Mountain Coffee Roasters by 20 percent after the company spent $36 million less than it pledged to on capital investments during a four-year time frame. In 2012, the company and the county entered into an agreement that guaranteed incentive grants for Keurig ranging from discounts on machinery and tools taxes and real estate taxes to $500 grants for each full-time position created. The company said it would spend $180 million on new capital and create 800 full- time jobs by Dec. 31, 2016. The co mpany has created 550 jobs and spent $144 million in capital investments. (Daily Press)

In May, Gov. Terry McAuliffe celebrated the opening of Virginia’s newest asset in drone

10 AUGUST 2017

urban feel and easy access to amenities like restaurants and shops, which will help Ferguson attract talent, says Florence Kingston, director of Newport News’ development department. “One of our other selling points in terms of value of this location was the convenience to the corporate headquarters locations,” and quick interstate access, she says.

The company is eli-

gible for $4.1 million in state incentives and $11.5 million in local incentives, includ- ing grants, tax credits and infrastructure contributions. Newport News also plans to

technology research — a runway for unmanned aircraft — and then experienced the future of aviation firsthand by flying in a plane that can be piloted from the ground. McAuliffe visited NASA Wallops Flight Facility for a ribbon-cutting ceremony on the runway, a $5.8 million state- funded project officially known as the Mid-Atlantic Regional Spaceport’s Unmanned Aircraft Systems (MARS UAS) Airfield. “This new facility at Wallops provides government and commercial users with a runway under restricted airspace on a secure federal facility — discreet- ness that is of high interest for research and development,” Virginia Transportation Secretary Aubrey Layne said. (News release)

development includes res- taurants, apartments and a Marriott hotel, which has a conference center owned by the Newport News Economic Development Authority. Access to the Marriott will allow Ferguson to easily bring in people for training, meet- ings, sales conferences and other events, says Carol Mere- dith, Newport News’ assistant director of development. “They wanted to be

somewhere that would be a statement,” Meredith says. The company also sought a site that offered the convenience of “being able to get out of your office to grab a coffee, or work out or do plenty of other things and never have to get into one’s car again until the end of the day.”

The Shirley T. Holland Intermo- dal Park in Isle of Wight County is under consideration for the location of a 1-million-square- foot facility that could bring up to 1,000 jobs to the area, accord- ing to Economic Development Director Tom Elder. The county is competing against Suffolk, which has four sites under con- sideration for the same project. Additionally, seven other pos- sible clients have either visited the 82-acre site in the park or have obtained information from the developer. (Daily Press)


John Dunn has been promoted to chief financial officer at ADS. Dunn started working for the Virginia Beach defense contrac- tor in 2010 as the corporate

controller before he became vice president of finance in 2013. (Inside Business)

James City County Supervisor Michael Hipple has been named chairman of the Hampton Roads Transportation Accountability Commission. Hipple will take over for Virginia Beach Mayor William D. Sessoms Jr., who reached the end of his two-year term. Hipple was vice chairman. (The Virginia Gazette)

Paul Julius, a former Morgan Stanley executive, has been named CFO and executive director at Norfolk-based law firm Vandeventer Black LLP. Julius was director of finance at Proskauer Rose LLP in the New York City area. (VirginiaBusiness. com)

Photo courtesy Ferguson Enterprises Inc.

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