- Associated Press - Wednesday, March 11, 2015

BRISTOL, Va. (AP) - Alpha Natural Resources’ corporate headquarters building in Bristol has been sold.

Developer Steve Johnson says the building was sold for $28 million to a limited liability company.

Johnson told the Bristol Herald Courier (https://bit.ly/1C53fvP) that the buyer is a publicly traded company in Kuwait that specializes in oil and gas.

According to a statement from a New York-based commercial real estate investment services firm, the all-cash deal closed in 21 days. The deed was filed Feb. 21.

Johnson said Alpha has a 25-year lease on the building. The remaining 22 years on the lease was inherited by the new owner.



In 2011, Alpha moved its headquarters from Abingdon to Bristol and the 130,000-square-foot building on a 31-acre bluff.

Alpha runs coal operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide