{"id":1004525811,"date":"2021-03-29T03:48:48","date_gmt":"2021-03-29T11:48:48","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004518891"},"modified":"2022-04-19T00:59:49","modified_gmt":"2022-04-19T08:59:49","slug":"munters-group-to-build-plant-in-roanoke-region","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/","title":{"rendered":"Munters Group to Build Plant in Roanoke Region"},"content":{"rendered":"
\"Munters<\/a>

Munters Group plant site, Botetourt Center at Greenfield. Image courtesy of Botetourt County Virginia<\/em><\/p><\/div>\n

Munters Group AB has announced plans to develop a new $36 million facility in Botetourt Center at Greenfield, an approximately 500-acre research and advanced manufacturing business park in Botetourt County, Va., just outside of Roanoke. The Stockholm-based climate solutions provider will build the 365,000-square-foot, state-of-the-art plant as a replacement for its current plant located roughly 45 miles away in Buena Vista, Va.<\/p>\n

\n

READ ALSO<\/strong>: Foreign Investment Update: Where Capital Will Travel in 2021<\/a><\/p>\n

\n

Munters\u2019 new facility in Botetourt Center will accommodate manufacturing and R&D activity as well as data center cooling systems and high-temperature industrial process systems. The project constitutes an expansion and multi-faceted upgrade over the company\u2019s current facility. \u201cMoving to Greenfield offers us the opportunity to develop a build-to-suit facility, designed specifically for our needs, allowing us to work in a safer and more efficient environment,\u201d Michael Gantert, president, data centers, with Munters Corp., told Commercial Property Executive<\/em>. \u201cThis location will eliminate our current logistics and utility challenges, while also giving us access to a larger population center to grow our workforce. This location also puts us in a good position to retain our current employee base.\u201d Munters expects its staff of approximately 200 to make the move to the new facility.<\/p>\n

Local and regional officials and groups supported Munters\u2019 decision to stay put in the Commonwealth of Virginia and relocate to the Roanoke area, Botetourt County and the Roanoke Regional Partnership among them. Botetourt is providing the company with $150,000 in jobs training credit with the Virginia University or Community College System. The County also came through with the equivalent of $300,000 as a credit toward the purchase of the property in Botetourt Center.<\/p>\n

Strong foundation<\/strong><\/h2>\n

Part of the Greater Shenandoah Valley<\/a>, Botetourt County\u2019s industrial sector had been faring well in the few years before COVID-19 hit, regularly welcoming new companies. In the second quarter of 2018, Italian auto manufacturer Eldor Corp.\u2019s 250,000-square-foot build-to-suit facility reached completion in Botetourt Center, marking the only industrial project to deliver in the Valley during the quarter. And in 2019, Pratt Industries, the fifth-largest corrugated packaging company in the U.S., announced it would invest more than $20 million to complete a 160,000-square-foot shell building, also in Botetourt Center.<\/p>\n

The entire Roanoke region continued to grow amid the pandemic, as the national industrial sector thrived<\/a> due in no small part to the skyrocketing e-commerce. The overall vacancy rate in the Greater Roanoke area in the fourth quarter of 2020 was 4.9 percent, and the region recorded positive net absorption totaling more than 110,000 square feet for the year, according to research from Colliers International. The forecast for 2021 is positive. \u201cThe amount of planned warehouse set to break ground in 2021 is expected to exceed the 2.64 million seen in 2020 as developers seek to capitalize on the growing demand for Class A space,\u201d according to the Colliers report.<\/p>\n

Local officials believe the future bodes well for Botetourt County too. \u201cWe feel as if the Munters win in Botetourt sends a positive signal to the region and the Commonwealth of Virginia that BoCo is coming out of 2020 very strong and with our sights set on the future rather than totally consumed by the past,\u201d Gary Larrowe, administrator of Botetourt County, told CPE<\/em>. \u201cThis first announcement for 2021 is a testimony about how we have strived to manage and grow even in the most difficult of times. We will never forget the loss and the lessons gained from 2020.\u201d Munters has tapped Graham & Co. to serve as developer of its new Botetourt facility, which is on track to be fully operational by the end of July 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

The climate solutions provider will develop the facility in Botetourt Center at Greenfield in Botetourt County.<\/p>\n","protected":false},"author":969,"featured_media":1004527736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,11,21742],"tags":[32763,32914],"class_list":["post-1004525811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-midatlantic","category-latest","tag-colliers-international","tag-e-commerce"],"acf":[],"yoast_head":"\nMunters Group to Build Plant in Roanoke Region - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Munters Group to Build Plant in Roanoke Region\" \/>\n<meta property=\"og:description\" content=\"The climate solutions provider will develop the facility in Botetourt Center at Greenfield in Botetourt County.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-29T11:48:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-19T08:59:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Munters Group to Build Plant in Roanoke Region\",\"datePublished\":\"2021-03-29T11:48:48+00:00\",\"dateModified\":\"2022-04-19T08:59:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/\"},\"wordCount\":622,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg\",\"keywords\":[\"Colliers International\",\"E-Commerce\"],\"articleSection\":[\"Development\",\"Featured\",\"Industrial\",\"Mid-Atlantic\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/\",\"name\":\"Munters Group to Build Plant in Roanoke Region - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg\",\"datePublished\":\"2021-03-29T11:48:48+00:00\",\"dateModified\":\"2022-04-19T08:59:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/munters-group-to-build-plant-in-roanoke-region\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Munters Group to Build Plant in Roanoke Region\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Munters Group to Build Plant in Roanoke Region - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/","og_locale":"en_US","og_type":"article","og_title":"Munters Group to Build Plant in Roanoke Region","og_description":"The climate solutions provider will develop the facility in Botetourt Center at Greenfield in Botetourt County.","og_url":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-03-29T11:48:48+00:00","article_modified_time":"2022-04-19T08:59:49+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Munters Group to Build Plant in Roanoke Region","datePublished":"2021-03-29T11:48:48+00:00","dateModified":"2022-04-19T08:59:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/"},"wordCount":622,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg","keywords":["Colliers International","E-Commerce"],"articleSection":["Development","Featured","Industrial","Mid-Atlantic","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/","url":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/","name":"Munters Group to Build Plant in Roanoke Region - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg","datePublished":"2021-03-29T11:48:48+00:00","dateModified":"2022-04-19T08:59:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/munters-group-to-build-plant-in-roanoke-region\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Munters Group to Build Plant in Roanoke Region"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Munters-Group-plant-site-Botetourt-Center-at-Greenfield-Botetourt-County-Va..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004525811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004525811"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004525811\/revisions"}],"predecessor-version":[{"id":1004576742,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004525811\/revisions\/1004576742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004527736"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004525811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004525811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004525811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}