The 63-year-old industrial building in Shockoe Bottom has a new owner and tenant. (Mike Platania photo)
As one longtime industrial tenant punches out of Shockoe Bottom, another is clocking in.
The local division of Metro Elevator recently purchased 2000 E. Grace St., a nearly 11,000-square-foot building that had been owned and occupied by 158-year-old boiler sales and service firm E. McLauchlan & Sons.
Metro paid $1.2 million for the property in a deal that closed in mid-May. It was most recent assessed by the city at $630,000
Based out of Charleston, South Carolina, Metro Elevator is a 35-year-old firm that repairs, services and installs elevators. The company expanded into Richmond in early 2022 and Cary Wells, president of Metro Elevator’s Virginia division, said it hit the ground running.
Cary Wells
“The desire for companies to partner with an independent elevator contractor these days is greater than ever,” Wells said. “When we opened the doors (in Richmond), our growth had been pretty exponential. That drove the need to purchase the building.”
One South Commercial’s Justin Sledd and Corby Hicks represented E. McLauchlan & Sons in the deal.
With both office and warehouse space and access to nearby highways, Wells said the East Grace building was exactly what they were looking for.
“We’re able to bring in equipment, stage it and stock jobs as necessary,” Wells said. “We’ll call this home for a while. It needs a little TLC, but it’s our plan to do that and spruce it up.”
Wells said he and his staff of roughly seven are already operating out of the building.
Metro has worked on elevators in everything from private residences to local institutions like the Science Museum of Virginia and Virginia Holocaust Museum. Wells said supply chain issues have impacted the elevator industry a bit, but not as much as other subcontractors in the construction industry.
“Our lead times have extended out some, but I wouldn’t say it’s a catastrophic timeframe,” he said.
Meanwhile E. McLauchlan & Sons president John Fulton said his company is still around and is weighing its options when it comes to a new headquarters.
Across the street from Metro’s new home, Keel Custom Homes is planning to build a five-townhome infill project on a small parcel at 220 N. 20th St.
The 63-year-old industrial building in Shockoe Bottom has a new owner and tenant. (Mike Platania photo)
As one longtime industrial tenant punches out of Shockoe Bottom, another is clocking in.
The local division of Metro Elevator recently purchased 2000 E. Grace St., a nearly 11,000-square-foot building that had been owned and occupied by 158-year-old boiler sales and service firm E. McLauchlan & Sons.
Metro paid $1.2 million for the property in a deal that closed in mid-May. It was most recent assessed by the city at $630,000
Based out of Charleston, South Carolina, Metro Elevator is a 35-year-old firm that repairs, services and installs elevators. The company expanded into Richmond in early 2022 and Cary Wells, president of Metro Elevator’s Virginia division, said it hit the ground running.
Cary Wells
“The desire for companies to partner with an independent elevator contractor these days is greater than ever,” Wells said. “When we opened the doors (in Richmond), our growth had been pretty exponential. That drove the need to purchase the building.”
One South Commercial’s Justin Sledd and Corby Hicks represented E. McLauchlan & Sons in the deal.
With both office and warehouse space and access to nearby highways, Wells said the East Grace building was exactly what they were looking for.
“We’re able to bring in equipment, stage it and stock jobs as necessary,” Wells said. “We’ll call this home for a while. It needs a little TLC, but it’s our plan to do that and spruce it up.”
Wells said he and his staff of roughly seven are already operating out of the building.
Metro has worked on elevators in everything from private residences to local institutions like the Science Museum of Virginia and Virginia Holocaust Museum. Wells said supply chain issues have impacted the elevator industry a bit, but not as much as other subcontractors in the construction industry.
“Our lead times have extended out some, but I wouldn’t say it’s a catastrophic timeframe,” he said.
Meanwhile E. McLauchlan & Sons president John Fulton said his company is still around and is weighing its options when it comes to a new headquarters.
Across the street from Metro’s new home, Keel Custom Homes is planning to build a five-townhome infill project on a small parcel at 220 N. 20th St.
One South’s Corby Hicks and Justin Sledd represented the E. McLaughlin & Sons.