TODAY'S NEWS

Tactical Walls set to move to Shenandoah

The Valley Banner

SHENANDOAH – Tactical Walls is moving from Elkton to Shenandoah.

RHB Real Estate purchased the former Genie Plant at 611 Williams Ave. earlier this month from V & V III for $545,000, according to the Page County Commissioner of Revenue’s office.

Tactical Walls co-owner Tim Matter said his company bought the vacant business.

V & V III’s registered agent is Shenandoah resident Jeffery P. Vaughn, who also owns Shenandoah Speedway and KVK Precision Specialties.

V & V III purchased the 12-acre site, which is located on the north side of town, west of U.S. 340, for $115,000 in October 2013.

The Genie plant, which manufactured garage doors, closed in May 2012.

The 2016 assessed value for the property is $567,100, including $90,000 for the land and $477,100 for the building.

Page County Commissioner of Revenue Becky Smith said the assessed value of the building decreased from $905,000 to $477,100 following a study by Wingate Appraisal of Roanoke last year.

Smith said the decrease was due to “functional depreciation” of the building, which was built in 1938.

In 2011, the total assessed value of the property was $1,005,000. (The county can do reassessments every 4-6 years, Smith said.)

Matter said Tactical Walls plans to open at the 58,000-square-foot facility in mid-March.

The business, which builds mirrors, shelves and other items that serve as clandestine gun housings, opened in October 2012 and moved to ShenElk Plaza in March 2013.

Originally, Tactical Walls subcontracted the manufacture and shipping of its products to a company in North Carolina, but due to issues with quality and productivity, it brought those processes to Elkton in June of 2013, according to Matter.

Tactical Walls expanded twice at ShenElk Plaza, going from 1,800 square feet to around 10,000, Matter said.

The business began with two employees but has expanded to 28. It was profiled in “Guns and Ammo” magazine in September.

Shenandoah Mayor Clinton O. Lucas Jr. said he and the town council are “ecstatic” about Tactical Walls relocation. He said the business brings a “great reputation and very high-quality products.”

The new business should help make up for the lost tax revenue after McDonald’s left town in December.



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