More than 170 jobs are expected to be created as a result of Vitamin Shoppe’s new Ashland facility. (photos by Burl Rolett)
Hanover County’s latest dose of economic development is up and running.
The Vitamin Shoppe on Wednesday unveiled its new 311,000-square-foot distribution center just north of Ashland. Outbound shipments for the national supplement retailer began last month at the $39 million warehouse. Hanover County head of economic development Edwin Gaskin expects the building to create more than 170 jobs in the next three years.
“Supply chain and logistics is one of our targets industries in Hanover County,” Gaskin said.
The building, near the intersection of Route 1 and Elletts Crossing Road, was developed by South Carolina-based Johnson Development and is owned by New York-based REIT CapLease. CapLease acquired the 43-acre site last year, when it entered into a build-to-suit agreement with Johnson.
The Vitamin Shoppe signed a 15-year lease.
The county paid to develop the public utilities at the site, Gaskin said, and the state kicked in about $200,000 from the Governor’s Opportunity Fund to help pay for construction.
The Vitamin Shoppe joins a handful of firms to set up large supply chain operations in Hanover County, including Orbit Logistics, Republic National Distributing Company, and Owens & Minor. Gaskin said the success of those firms is crucial to luring future distribution center-type investment to the area.
“They really are a rallying cry to other firms,” he said. “They really sell Hanover County for us.”
More than 170 jobs are expected to be created as a result of Vitamin Shoppe’s new Ashland facility. (photos by Burl Rolett)
Hanover County’s latest dose of economic development is up and running.
The Vitamin Shoppe on Wednesday unveiled its new 311,000-square-foot distribution center just north of Ashland. Outbound shipments for the national supplement retailer began last month at the $39 million warehouse. Hanover County head of economic development Edwin Gaskin expects the building to create more than 170 jobs in the next three years.
“Supply chain and logistics is one of our targets industries in Hanover County,” Gaskin said.
The building, near the intersection of Route 1 and Elletts Crossing Road, was developed by South Carolina-based Johnson Development and is owned by New York-based REIT CapLease. CapLease acquired the 43-acre site last year, when it entered into a build-to-suit agreement with Johnson.
The Vitamin Shoppe signed a 15-year lease.
The county paid to develop the public utilities at the site, Gaskin said, and the state kicked in about $200,000 from the Governor’s Opportunity Fund to help pay for construction.
The Vitamin Shoppe joins a handful of firms to set up large supply chain operations in Hanover County, including Orbit Logistics, Republic National Distributing Company, and Owens & Minor. Gaskin said the success of those firms is crucial to luring future distribution center-type investment to the area.
“They really are a rallying cry to other firms,” he said. “They really sell Hanover County for us.”