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Bill Freehling is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Bill Freehling.

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First Citizens closes on land for city branch

MORE: Read more news from Fredericksburg

First Citizens Bank this week purchased the land where it will build a new branch near the southwest corner of U.S. 1 and Cowan Boulevard in Fredericksburg.

The bank paid $1.6 million for the 1.68-acre pad site in the Silver Cos.’ Cowan Crossings development.

The land is near the stoplight off U.S. 1 that’s just south of Cowan. It’s near the middle of the Cowan Crossings development, on which extensive site work has been completed in the last few months.

Silver and its representative, Coldwell Banker Commercial Elite, are working on attracting additional users to the development. A drugstore is envisioned at the corner of U.S. 1 and Cowan, and a restaurant and medical offices are also planned.

Tony Perez with Coldwell Banker Commercial Elite represented the Silver affiliate on the sale to First Citizens.

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Permalink: http://news.fredericksburg.com/businessbrowser/2013/05/08/first-citizens-closes-on-land-for-city-branch/

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