In March 2011, the assembly plant was sold to
Jacoby Development, Inc. for $14.2 million. The development company renamed the facility the Virginia Renaissance Center and planned to demolish all structures on the site except the 662,000-square-foot main assembly building, making way for a mixed-use industrial project. In 2011, the main assembly building was purchased by
Katoen Natie for $10.5 million to be used as a distribution hub for plastic pellets (nurdles) used in the manufacturing of plastic products. As of 2014, the final parcels of Norfolk Assembly were sold for $4.1 million to The Schaubach Companies. with Katoen Natie retaining an option on the remaining 25 acres of the property. The Shaubach parcels were in turn sold to Bay Disposal, a trash collection and recycling company. ==See also==