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Halifax County IDA expands lease with RTP at old Daystrom site

SoVaNow.com / October 18, 2021
The Halifax County Industrial Development Authority took action on several property lease agreements at the regular monthly meeting on Friday, following two hours of closed session discussions.

The Southern Virginia Advanced Manufacturing Center — the old Daystrom building — has more storage space, 10,000 square feet, that is now being leased to RTP. The expanded lease will bring RTP’s storage space at the SVAMC to 89,000 square feet.

The added space is a cut-out room that until recently was used by a local baseball league for indoor practice, said IDA Executive Director Kristy Johnson.

Another SVAMC lease was approved for parking lot space being used by Lee Electric, a subcontractor for Dominion Energy. The IDA will receive $500 per month for the six-month lease with Lee Electric.

A third lease agreement approved by IDA board members was for ChemQuest to utilize 100 square feet of storage space at a cost of $45 a month. The space is located inside Building One at the Southern Virginia Technology Park, off U.S. 58 west of South Boston.

Two IDA board committees, the finance committee and the prospects and properties committee, are expected to meet in the next two weeks, prior to the next full board meeting in November.

Meanwhile, Johnson said the IDA is working to finalize a brownfield site report by the end of December. Johnson will be leading a tour of existing industries and sites that are vacant and may qualify for grant funding with John Loftus, manager of sites and buildings with the Virginia Department of Economic Development Partnership.

Johnson will be attending the Governor’s Summit on Rural Prosperity that will be held Nov. 4-5 at Longwood University in Farmville.

In closing comments, board member Nettie Simon-Owens questioned the expectations of the Board of Supervisors for the IDA. Usually, County Administrator Scott Simpson attends IDA meetings as the Board of Supervisors’ representative to the IDA, but Simpson was absent from Friday’s meeting.

“It is my understanding we will wait until after the election to meet more regularly,” said IDA Board President Robert Bates. “In January, we will plan to meet [with members of the Board of Supervisors] on a regular basis,” said Bates.

The IDA will hold its monthly meeting on Nov. 19 at 8:30 a.m. in the conference room of Building One at the Southern Virginia Technology Park, located at 1100 Confroy Drive in South Boston.



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