Colliers International (“Colliers”) recently announced the acquisition of the Plymouth Building at 113 Corporate Drive (the “Property”) in Radford, Virginia for $3,300,000.00 for its client, Oransi, a leading air purification company known for its efficient, intuitive and reliable products. Frank Hargrove and Will Bradley represented Oransi in the transaction. The seller was L&M Properties, LLC.
“We operate in a very competitive market. Being able make products in the US at a competitive price, coupled with better performance, will be our differentiator and this facility plays a key piece in that. It’s really a game changer for competitive price points for made in the U.S. products.” -Peter Mann, Founder and CEO, Oransi.
The Property will serve as Oransi’s first manufacturing facility in the United States, focusing on the development of the company’s best-in-class air purifiers. More than 100 jobs will be created for the Radford community. This transaction is a major milestone for the company, allowing Oransi to expand its U.S.-made products and transition away from overseas manufacturing.
The Property is strategically located on the I-81 corridor, offering proximity to many of Virginia’s prominent educational institutions as well as the region’s local talent pool of engineers. Oransi anticipates operations to begin without delay.
Colliers has offices in Charlottesville, Fredericksburg, Richmond and Norfolk, Va. To learn more about Colliers or to view other sale and purchase opportunities, please visit: www.colliers.com/richmond.
For further information please contact:
Jullieanne Cueto | Communications Specialist, Virginia and Raleigh, NC
+1 804 968 1970 | Jullieanne.email@example.com
What began as an engineer’s quest to find a better indoor air quality solution for his young asthmatic son, 15 years later has evolved to become a leading air purification company designing some of the most efficient and intuitive products on the market. Based in Raleigh, North Carolina, the veteran-owned business is managed by a team of executives and engineers with decades of experience in the air quality industry. They are allergy and asthma sufferers themselves, making air purifiers they also use and need. Oransi provides best-in-class HEPA air purifiers to consumers, businesses and those in the health, dental and medical fields. The company believes everyone deserves to breathe clean, fresh air and while performance is most important, they recognize the need for products that are easy to use and reliable. Visit https://www.oransi.com/ for more information.
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.