Business
Ardent Craft Ales buys its building in Scott’s Addition, looks to expand upward
The brewery purchased its building for $1.4 million and has plans to expand upward physically, and outward with its product.
From Richmond BizSense:
Looking to make Scott’s Addition its forever home, a popular watering hole now owns its own facility.
Ardent Craft Ales last month purchased its nearly 26,000-square-foot brewery at 3200 W. Leigh St. for about $1.4 million, confirmed co-owner and director of operations Tom Sullivan. The brewery opened there in 2014 and has been leasing it from local developer and landlord Scott Coleman of Crossroads Development.
Sullivan said the purchase, financed by First Community Bank, allows Ardent to focus on the future, and prioritize on capital improvements to its facility.
“It brings many new efficiencies for us, but primarily it gives us a fixed overhead in a booming neighborhood,” Sullivan said. “The timing was right because as we look at expanding, we can now do so without coordination with a landlord.”
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