Commission to Move Into Leased Space at Former Media General Headquarters

Tuesday, June 6, 2017 | 0

The Virginia Workers’ Compensation Commission will lease the former headquarters of defunct communications company Media General.

Wesley G. Marshall

Hourigan Development, a division of real estate investment and construction manager Hourigan Group, closed Friday on the purchase of the building at 333 E. Franklin St. in Richmond, the Richmond Times-Dispatch reported.

Dena Potter, spokeswoman for the state Department of General Services, told the newspaper that the Workers’ Compensation Commission will rent four of the building’s five floors for a total of 104,000 square feet.

Once renovations are completed, 245 commission employees will move to the new building from their current headquarters at 1000 DMC Drive and from other leased spaces.

“We have discussed the benefits of consolidating business functions, decreasing operational costs and securing a strategic location for some time,” Commission Chairman Wesley G. Marshall told the Times-Dispatch. “Locating our headquarters closer to a centralized downtown area means we can serve the citizens of Virginia more efficiently.”

Media General, which once owned newspapers and television stations across the country, sold its newspapers in 2012 to Berkshire Hathaway and in January was acquired by Dallas-based Nexstar Broadcasting Group for $4.6 billion.