Commonwealth Commercial Completed Seven Transactions this Week

Richmond, VA – August 7, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Achilles Foot and Ankle Center, Inc. leased 3,500 SF at 7493 Right Flank Road in Hanover County.  Tucker Dowdy represented the Tenant and Russell Wyatt represented the Landlord.
  • Addus Healthcare, Inc. leased 2,500 SF at 1924 Tappahannock Boulevard in Essex County.  Eric Hammond represented the Tenant.
  • Speech-Language Connection, LLC leased 950 SF at 6740 Forest Hill Avenue in the City of Richmond.  Eric Hammond and Tucker Dowdy represented the Landlord.
  • Japanese Classics, LLC purchased 41,554 SF on 2.77 acres at 2602 Deepwater Terminal Road in the City of Richmond from DT 2017, LLC for $2,138,000.  Ben Bruni and Russell Wyatt represented the Seller.
  • Capital Area Health Network purchased 1.5 acres at 101 Cowardin Avenue in the City of Richmond from Laburnum Properties, Inc. for $775,000.  Kit Tyler represented the Purchaser.
  • Capital Area Health Network purchased 36,983 SF at 101 Cowardin Avenue in the City of Richmond from Manchester Realty, LC for $1,975,000.  Kit Tyler represented the Seller.
  • Jad J. Babik purchased 5.7 acres at 3717 Mountain Road in Henrico County from Heritage Properties R.E., LLC for $370,000.  Sam Worley and Ryan Fanelli represented the Seller.

About Commonwealth Commercial Partners, LLC

Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Columbus OH, Kansas City MO, Minneapolis MN and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

N.C.-based developer closes second deal in Richmond this year

Posted on 8/3/2020 by Mike Platania at Richmond Bizsense

Upon acquiring its first property in Richmond earlier this year, North Carolina-based real estate development firm Hem + Spire said it had more deals in mind in the city.

It made good on that statement this week by purchasing 1300 Semmes Ave. in Manchester for $3.7 million, city property records show. The deal closed Wednesday.

The roughly 20,000-square-foot office property joins the Branch Building at 1015 E. Main St. downtown in Hem + Spire’s Richmond portfolio. It paid $1.4 million for that first property in January.

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Industrial building in Ashland sells for $2.7M

Posted on 7/31/2020 by Sydney Lake at Virginia Business

An industrial building in Ashland has sold for $2.756 million, Glen Allen-based commercial real estate company Commonwealth Commercial Partners LLC announced Wednesday.

Located at 11250 Hopson Road, the 52,500-square-foot building sits on more than 3.6 acres of land. TMC Properties LLC (doing business as Green Air Inc., The Duct Shop and Evolve Air Systems) purchased the property from Gloria Sydnor in a transaction that closed July 23. Colton Konvicka and Nate Krey of Commonwealth Commercial Partners represented the buyer and Kevin Cox of Porter Realty Co. Inc. represented the seller.

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Commonwealth Commercial Completed Four Transactions this Week

Richmond, VA – July 31, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Chadwick & Sons Orchids, Inc. leased 800 SF at 1125 Gaskins Road in Henrico County.  Michael Morris represented the Tenant.
  • Tobacco Hut and Vape Village, Inc. leased 2,632 SF at 406 E. Main Street in Louisa County.  Morgan Trible represented the Landlord.
  • Ft. Darling Partners, LLC purchased 4.519 +/- acres at 1911 Bellwood Road in Chesterfield County from Chesterfield Landco, LLC for $233,900.  David Williams and Ben Bruni represented the Purchaser.
  • Bickerstaff Cross VA LLC purchased 5.069 acres on Bickerstaff Road in Henrico County from Dennis F. Harrup III for $225,000.  Sam Worley and Ryan Fanelli represented the Seller

About Commonwealth Commercial Partners, LLC

Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Columbus OH, Kansas City MO, Minneapolis MN and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

MANCHESTER OFFICE BUILDING SELLS TO DURHAM-BASED INVESTMENT GROUP

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of 1300 Semmes Avenue, a 19,916± SF property, in the Manchester neighborhood of Richmond, VA.

Bruce Milam and Jamie Galanti of Commonwealth Commercial represented the sellers, Beth Bailey, Bruce Green, and Marcia Hickory. This transaction closed on July 29, 2020.

1300 Semmes Avenue was converted and renovated in 2008 from a warehouse to an open office concept by the sellers with design work by architect Mary Lorino with LoCH Design. This conversion was originally constructed for Beth Bailey, Bruce Green, and Marcia Hickory’s pediatric home health care business. They later sold the business and leased the property in 2017 to a national corporation called “Thrive,” who continues to occupy the space.

The purchaser, Hem + Spire, is a Durham-based investment group that specializes investing in historic properties and refitting them for modern uses. While most properties along this corridor of Semmes Avenue, from Cowardin Avenue to its terminus at 7th Street, have been renovated to accommodate multi-family development, Hem + Spire plans to maintain this property as an office building.  It is estimated that this Semmes Avenue corridor will have more than 400,000 SF of occupied office space and 1350 apartments at full build-out by 2021.

 ABOUT COMMONWEALTH COMMERCIAL PARTNERS, LLC
Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Houston TX, Kansas City MO, St. Louis MO, Columbus OH, and Minneapolis MN. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services. To learn more, visit www.commonwealthcommercial.com.

COMMONWEALTH COMMERCIAL FACILITATES $2.7 MILLION OFF-MARKET INDUSTRIAL TRANSACTION

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale at 11250 Hopson Road in Ashland, VA. This property consists of a 52,500± SF industrial building situated on 3.67± acres. Colton Konvicka and Nate Krey of Commonwealth Commercial represented the purchaser, TMC Properties, LLC dba Green Air, Inc/The Duct Shop/Evolve Air Systems. Kevin Cox of Porter Realty Company represented the seller, Gloria Sydnor. This transaction closed on July 23, 2020 for $2,765,000.

Green Air, Inc. will move from its current office to occupy 28,000± SF of this property, doubling their existing space to accommodate their business growth. They plan to implement extensive capital improvements, while maintaining the long-term lease of the existing single tenant of the residual 24,500± SF. This sale was an owner occupant/investment, reverse 1031 exchange for the purchaser.

 ABOUT COMMONWEALTH COMMERCIAL PARTNERS, LLC
Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Houston TX, Kansas City MO, St. Louis MO, Columbus OH, and Minneapolis MN. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services. To learn more, visit www.commonwealthcommercial.com.

Commonwealth Commercial Completed Five Transactions this Week

Richmond, VA – July 24, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Tamarosa, LLC purchased 24.671 acres at 1366 and 1406 Broad Street Road in Goochland County from Belham, LLC for $1,040,800. Ben Bruni represented the Purchaser and Sam Worley and Ryan Fanelli represented the Seller.
  • Neverett Eggleston and Sugar’s Crab Shack, LLC leased 5,500 SF at 1800 W. Marshall Street in the City of Richmond.  Ben Bruni and Russell Wyatt represented the Landlord.
  • Fuji Sushi, LLC leased 2,040 SF at 13555 Midlothian Turnpike in Chesterfield County.  Michael Morris represented the Landlord.
  • Day Makers Salon, LLC leased 965 SF at 8801 Three Chopt Road in Henrico County.  Michael Morris and John Thompson represented the Landlord.
  • Dr. Thomas A. Conner, DDS leased 2,024 SF at 9401 Courthouse Road in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.

About Commonwealth Commercial Partners, LLC

Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Columbus OH, Kansas City MO, Minneapolis MN and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Commonwealth Commercial Completed Three Transactions this Week

Richmond, VA – July 17, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Cox Property, LLC purchased 15.61 acres at 12574 Broad Street Road and 1515 Little Tuckahoe Court in Goochland County from Cox Irrevocable Trust for $11,000,000.  David Williams with Commonwealth Commercial and Bill Mattox with Mattox & Company represented the Seller.
  • Teresa Y. Green leased 389 SF at 201 N. Washington Highway in Hanover County.  Eric Hammond represented the Landlord.
  • Virginia Association of Commonwealth’s Attorneys leased 750 SF at SunTrust Center, 919 E. Main Street in the City of Richmond.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.

About Commonwealth Commercial Partners, LLC

Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Columbus OH, Kansas City MO, Minneapolis MN and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Commonwealth Commercial Completed Ten Transactions this Week

Richmond, VA – July 10, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Family Priority, LLC leased 1,543 SF at 9201 Arboretum Parkway in Chesterfield County.  Russell Wyatt, Jamie Galanti and Eliza Izard represented the Landlord.
  • Compass CPAs of Virginia, LLC leased 3,353 SF at 9201 Arboretum Parkway in Chesterfield County.  Russell Wyatt, Jamie Galanti and Eliza Izard represented the Landlord.
  • Richmond Gastroenterology Associates leased 6,929 SF at 223 Wadsworth Drive in Chesterfield County.  Jamie Galanti and Eliza Izard represented the Tenant.
  • Hopetree Family Services leased 5,900 SF at 1030 Old Bon Air Road in Chesterfield County.  Jamie Galanti and Nash Warren represented the Tenant.
  • Creative Approach leased 2,140 SF at 2819 N. Parham Road in Henrico County.  Eric Hammond and Thomas Lynde represented the Landlord.
  • Kenneth C. Pankey leased 350 SF at 2819 N. Parham Road in Henrico County.  Eric Hammond and Thomas Lynde represented the Landlord.
  • Neurosurgical Associates, P.C. leased 1,785 SF at 8405 North Run Medical in Hanover County.  Russell Wyatt and Eliza Izard represented the Landlord.
  • New Nails & Spa leased 1,400 SF at 1632 Tappahannock Boulevard in Essex County.  Jim McVey represented the Landlord.
  • Central Virginia Dental Care, PLC leased 3,183 SF at 5921 Harbour Lane in Chesterfield County.  Tucker Dowdy represented the Tenant.
  • Acorn Sign & Graphics, Inc. leased 8,470 SF at 10334 Battlefield Parkway in Prince William County.  Russell Wyatt and Ben Bruni represented the Tenant.

About Commonwealth Commercial Partners, LLC

Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Columbus OH, Kansas City MO, Minneapolis MN and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Commonwealth Commercial Completed Ten Transactions this Week

Richmond, VA – July 1, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Crystal Alvis leased 700 SF at 6500 Harbor View Court in Chesterfield County.  Eric Hammond represented the Landlord.
  • Douglas S. Belt, DDS leased 1,013 SF at 5700 Old Richmond Avenue in Henrico County.  Tucker Dowdy and Mark Claud represented the Landlord.
  • Spectra Services, Inc. leased 9,000 SF at 12662 Bermuda Triangle Road in Chesterfield County.  Ben Bruni and David Williams represented the Landlord.
  • Designer Services, LLC leased 25,000 SF at 5611 Pride Road in the City of Richmond.  Ben Bruni and Colton Konvicka represented the Landlord.
  • AG Essence leased 6,600 SF at 5350 Lewis Road in Henrico County.  Ben Bruni and Russell Wyatt represented the Tenant.
  • The Sygma Network, Inc. leased 1,500 SF at 1503 Fauver Avenue in Henrico County.  Ben Bruni and Colton Konvicka represented the Landlord.
  • Buffalo Distro Inc. leased 15,384 SF at 4444 Sarellen Road in Henrico County.  Eric Hammond represented the Tenant.
  • Fiber Technologies Solutions, LLC subleased 6,000 SF at 2401 Road in Charles City County.  Ben Bruni represented the Sublandlord.
  • Megawash, LLC purchased 9.44 acres on US Route 1 in Hanover County from Pence Holdings, Inc. for $700,000.  Ben Bruni and Ryan Fanelli represented the Purchaser.
  • Bermuda Energy, LLC purchased 16.35 acres at 201 Bermuda Road in the City of Richmond from Tredegar Asset Management, LLC for $200,000.  Ryan Fanelli and Nate Krey represented the Seller.

About Commonwealth Commercial Partners, LLC

Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Columbus OH, Kansas City MO, Minneapolis MN and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.