Virginia Community Capital relocates Norfolk office to amplify impact

March 18, 2021 | In the News

VCC’s Norfolk team moves to the heart of downtown Norfolk

NORFOLK, Virginia – March 18, 2021 – Virginia Community Capital (VCC) has moved its Norfolk operations to a new office located inside the towering ICON Norfolk building in the city’s Waterside District. VCC opened its Norfolk location in 2015 and was previously located on Granby Street near the MacArthur Center.

The move will support VCC’s mission to increase awareness and capacity in the Hampton Roads region. “The VCC team and I are excited to be in our new Main Street location,” says Joey Barnes, VCC’s Hampton Roads Market Leader and Small Business Lending Manager. “It gives us more visibility as we grow the Hampton Roads team. More importantly, it provides us the opportunity to support more small businesses and real estate development as we expand products and services for the communities we serve.”

Since 2015, VCC has deployed $100 million in loan capital to small businesses and affordable housing developments in the Hampton Roads region. Last fall, VCC also partnered with the Urban League of Hampton Roads, Black BRAND, and LISC Hampton Roads to launch the “We Care 757 Rebuild Project,” a grant program supporting small, women and minority-owned businesses financially impacted by the COVID-19 pandemic and social justice demonstrations. The We Care program was supported by Dominion Energy, Thrivent, Sentara, and Atlantic Union Bank.

Since opening the Norfolk location six years ago, VCC has partnered with key stakeholders in the Hampton Roads region to work towards its mission of creating jobs, energizing places, and promoting an enhanced quality of life in communities. “The presence of VCC in Downtown Norfolk has opened up tremendous opportunities for small business owners and developers of all size, directly impacting our neighborhoods and fostering job creation,” said Jared Chalk, Director of the Norfolk Department of Economic Development.

Local developer Buddy Gadams, owner of Marathon Development Group, purchased the ICON building in 2016 and transformed it into the mixed-use downtown hub that it is today. “I am delighted to see VCC move into the ICON building,” said Gadams. “I look forward to their continued support of revitalizing Norfolk and Hampton Roads communities from their new location.” VCC worked with local contractor Ringenberg Construction to build out the new office space.

VCC’s Norfolk team joins a robust business community in the Waterside District, including those who share their new home in the beautiful ICON Norfolk high-rise. “We are thrilled to welcome VCC to ICON, adding another level of diversity to our incredible mixed-use community in the heart of the Downtown Norfolk business district,” said Karlynn Knorr Mehlmann, Senior Community Manager for ICON Norfolk. The building is managed by the mid-Atlantic real estate professionals of S.L. Nusbaum Realty Company.

VCC’s new Norfolk office is located at 321 East Main Street, Suite 112, Norfolk, VA 23510. To contact the Norfolk team, please call 757-962-1268 or email [email protected].