A local company that makes luminescent tape is moving to the Boulevard from its location in Chester.
Steve Pendlebury, president of Electro Luminx Lighting Corp., said his company bought a building at 1320 North Boulevard because he always wanted to have the business inside the city.
“We tried to do it the first time, but lease rates then were too high, and purchasing was too expensive,” Pendlebury said.
While working for Honeywell in Richmond, Pendlebury discovered a California company that invented a special tape that glows brightly when an electric current is applied. Honeywell wasn’t interested in the firm. Pendlebury was. He left Honeywell, pooled investors, bought the company and moved it to Richmond.
The company has been located in an industrial park in Chesterfield since 2006. With the lease set to expire, Pendlebury said he started looking for new space last spring.
Pendlebury found a 10,800-square-foot warehouse with retail frontage on the Boulevard. The company bought it for $600,000.
“Lease rates are still somewhat high, but buying property is more manageable,” Pendlebury said, even though he had to buy the property outright because no bank would finance the deal.
Pendlebury said banks wouldn’t underwrite a loan because there was no recent rental history and it was tied up with a worrisome character.
Before going to jail, developer Justin French was in the process of renovating the building. French had partially gutted the building and framed up a few walls, leaving it in disarray. Oddly enough, French installed a granite tile shower in a dark corner of the building.
Now Pendlebury is working to turn the building into a chic work environment with exposed brick walls and open spaces.
“The idea is to restore the building back to historic standards with a fun product inside of it,” Pendlebury said.
He expects to have all the equipment and his 12 employees moved by the end of October.
Pendlebury said the location will allow the firm to showcase their product and be closer to customers and students who assist with projects.
Electro Luminx sells its products for a wide range of uses, including billboards, interior lighting and even movie sets. The company’s
Light Tape was featured in the major motion picture “Tron Legacy” and during the Black-Eyed Peas’ Super Bowl performance.
A local company that makes luminescent tape is moving to the Boulevard from its location in Chester.
Steve Pendlebury, president of Electro Luminx Lighting Corp., said his company bought a building at 1320 North Boulevard because he always wanted to have the business inside the city.
“We tried to do it the first time, but lease rates then were too high, and purchasing was too expensive,” Pendlebury said.
While working for Honeywell in Richmond, Pendlebury discovered a California company that invented a special tape that glows brightly when an electric current is applied. Honeywell wasn’t interested in the firm. Pendlebury was. He left Honeywell, pooled investors, bought the company and moved it to Richmond.
The company has been located in an industrial park in Chesterfield since 2006. With the lease set to expire, Pendlebury said he started looking for new space last spring.
Pendlebury found a 10,800-square-foot warehouse with retail frontage on the Boulevard. The company bought it for $600,000.
“Lease rates are still somewhat high, but buying property is more manageable,” Pendlebury said, even though he had to buy the property outright because no bank would finance the deal.
Pendlebury said banks wouldn’t underwrite a loan because there was no recent rental history and it was tied up with a worrisome character.
Before going to jail, developer Justin French was in the process of renovating the building. French had partially gutted the building and framed up a few walls, leaving it in disarray. Oddly enough, French installed a granite tile shower in a dark corner of the building.
Now Pendlebury is working to turn the building into a chic work environment with exposed brick walls and open spaces.
“The idea is to restore the building back to historic standards with a fun product inside of it,” Pendlebury said.
He expects to have all the equipment and his 12 employees moved by the end of October.
Pendlebury said the location will allow the firm to showcase their product and be closer to customers and students who assist with projects.
Electro Luminx sells its products for a wide range of uses, including billboards, interior lighting and even movie sets. The company’s
Light Tape was featured in the major motion picture “Tron Legacy” and during the Black-Eyed Peas’ Super Bowl performance.
Cool. Now would someone please buy the Kar World building, the crutches and diapers place,and the porn shop??? Then its just a matter of getting a new tenant for the massive bakery and that takes care of all the junkies hanging around (homeless people who are addicted and therefore dont use the community provided shelters). Some day, hopefully, this major Richmond gateway for out of town folks wont leave them with such a bad impression of Richmond