ROANOKE, VA – Waldvogel Commercial Properties represented The Branch Group, Inc. in the purchase of an office building at 3631 Peters Creek Rd. Some of The Branch Group’s operating companies include Branch Civil, Branch Builds, and GJ Hopkins. The 9.5-acre site, including its 58,690 square-foot building, was vacant at the time of the purchase but had served as the Kroger Headquarters for the Mid-Atlantic Marketing Area. Jason Fountain, CCIM, and Steve Zegarski represented The Branch Group in the transaction. The property sold for $3,125,000.
“As an organization dedicated to relationships, exceptionalism, and equity sharing within our organization,” said Robert W. “Bob” Wills, Chief Financial Officer of The Branch Group, “we saw the purchase of the former Kroger Headquarters as a great opportunity. We strive to honor and strengthen our commitment to a local presence in Southwest Virginia as we continue to expand our involvement in the construction industry throughout the Mid-Atlantic and Southeastern United States.”
“We are thrilled to have assisted The Branch Group in their expansion strategy over the last year,” said Steve Zegarski who co-brokered the deal with Jason Fountain. “Everyone likes to see strong companies move into the Roanoke Valley, but it’s almost more exciting to see local ones expand and succeed as The Branch Group has”, said Fountain.
Waldvogel Commercial Properties, Inc., located in Roanoke, Virginia, provides commercial and industrial sales, leasing and property management services throughout Southwestern Virginia. The firm was founded in 2004. For more information, visit http://www.waldvogelcommercial.com/.