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Firm goes with a big sign for a big year

David Larter January 9, 2013 0

Michael and Son

The 273,000-square-foot former Wyeth plant has a new look. (Photo by David Larter)

Basim Mansour isn’t much for subtlety.

The owner of the Alexandria-based heating and air-conditioning company Michael & Son has installed two huge signs visible from Interstate 95 on his company’s new Richmond location, and he’s not stopping there.

“Things are going amazing,” Mansour said. “We just moved in, we’ve got our first tenant, and we’re working on getting our billboard up.”

Michael & Son purchased the 273,000-square-foot former Wyeth plant adjacent to I-95 near the Diamond in May and is using about 30 percent of the building. Brokers Mac Wilson and Franklin Bell with Cushman & Wakefield | Thalhimer are marketing the rest of the property.

Mansour said the company has leased about 12,000 square feet of the building to Rexel, an electrical supply company that also leases space from him in Northern Virginia.

He has also leased the company’s previous office at 11016 Midlothian Turnpike to Hertz Rent-a-Car. Jim Ashby, a broker with Thalhimer who represents Mansour, said they plan to turn over the keys to Hertz on Friday.

Mansour said his company is up to 70 employees at the Richmond office, and he plans to expand to Charlottesville this year.

“It’s going to be a great year for us,” he said.

Michael & Son purchased the property for $1.9 million from Rebkee, which had bought the property the previous September for $1.65 million.

So far the renovations have cost about $300,000, Mansour said.

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