The Holland Industrial Group Revitalizes Atkins, Virginia Facility, Welcoming Hitachi as a Key Partner
Holland Industrial Group, celebrated for its contributions in industrial real estate and plant dispositions, has unveiled a noteworthy acquisition and transformation of a 76,000-square-foot industrial facility in Atkins, Virginia. This strategic move involved a sale-leaseback transaction executed in concert with a major automotive manufacturer transitioning from operations. The result is a testament to Holland Industrial Group’s ability to convert underutilized industrial spaces into dynamic economic centers.
The revitalization process involved a meticulous value-add strategy. By implementing substantial property enhancements, Holland Industrial Group positioned the facility to draw in high-quality tenants. This foresighted approach has attracted a prestigious partner in Hitachi, a global frontrunner in energy and technology solutions.
Expanding its presence across the United States, Hitachi has particularly targeted growth within Virginia. The company has made significant investments in advanced manufacturing within the state, such as a remarkable $37 million expansion of its transformer manufacturing operations in South Boston, Virginia. This expansion not only increased the facility’s size by 26,000 square feet but also generated 165 new jobs. Moreover, Hitachi completed a $6.2 million upgrade to its dry-type transformer manufacturing plant in Bland, Virginia, enhancing its capabilities since 2021. These ventures exemplify Hitachi’s dedication to fulfilling rising demands in the energy and utility sectors.
The collaboration at the newly revamped Atkins facility signifies a significant phase in Hitachi’s strategic expansion in the United States. The upgraded site will be pivotal in aiding Hitachi’s operations while simultaneously fostering economic growth in Southwest Virginia.
Alex Holland, President of Holland Industrial Group, expressed his enthusiasm: “We are thrilled to have facilitated Hitachi’s arrival in Atkins, Virginia. This project exemplifies our mission to breathe new life into industrial properties, creating opportunities that benefit businesses and local communities. Hitachi’s investment in this region will bring jobs, innovation, and sustained growth to an area ripe for economic development.”
Holland Industrial Group’s adeptness at unveiling potential, enhancing industrial properties, and nurturing strategic alliances underscores its commitment to invigorating communities and propelling industrial innovation.
This partnership not only revitalizes the infrastructure but also heralds an era of renewed economic opportunities for the region, marking a significant shift towards sustainable growth and development in Atkins, Virginia.
