Commonwealth Commercial’s October Personnel News

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Richmond, VA – November 1, 2021 – Commonwealth Commercial Partners, LLC is pleased to report new hires and promotions during the month of October.

  • Promotion – Sara Jaber
    We are pleased to announce that Sara Jaber has been promoted to Senior Accounts Payable Specialist.
  • New Hire -Joel Behrends
    Please join us in welcoming Joel Behrends, Chief Engineer, to our Kansas City team at 2345 Grand.
  • Commonwealth Lodging New Hire – Crystyl Tolmich
    We are excited to extend a warm welcome to Crystyl Tolmich who joined the team at the Commonwealth Lodging Hampton Roads Office as an Administrative Assistant.
  • Commonwealth Lodging Promotion – Melodie Heidlebaugh
    We are excited to announce the promotion of Melodie Heidlebaugh to her new role as Staff Accountant.
  • New Hire – Michael Mayhew On
    October 4th, we welcomed Michael Mayhew as a Sales and Leasing Associate on the Industrial Team in Richmond.
  • New Hire – Kaliiah Williams
    On October 4th, we welcomed Kaliiah Williams to the Financial Services team as an Accounts Receivable Specialist.

 

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Commonwealth Commercial Completed Six Transactions this Week

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Richmond, VA – October 29, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Uncommon Redesigns, LLC leased 1,856 SF at 238 Clearfield Avenue in Virginia Beach. Gresh Wall represented the Landlord.
  • Jobeka Health Care Services, LLC leased 811 SF at 1106-1108 E. Main Street in the City of Richmond. Ben Boykin and Michael Good represented the Tenant.
  • London Burke leased 1,400 SF at 304 East Main Street in the City of Richmond. Eric Hammond represented the Landlord.
  • Lavram, LLC purchased 101 Heaths Way Road in Chesterfield County for $1,600,000 from Railey Hill Associates, LLC. Tucker Dowdy and Russell Wyatt represented the Seller.
  • 6951 Carnation Acquisition, LLC purchased 2.64 acres at 6951 W. Carnation Street in the City of Richmond from FW Properties II, LLC for $300,000. Ryan Fanelli and Sam Worley represented the Seller.
  • 700 Carnation Acquisition, LLC purchased 5.393 acres at 7000 W. Carnation Street in the City of Richmond from FW Properties II, LLC for $525,000. Ryan Fanelli and Sam Worley 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, 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.

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Another chunk of Eck real estate empire sells to local buyer for $6M

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Richmond, VA. – A bigger deal is still pending, but a small piece of the Eck family real estate portfolio has been snagged by a local investor.

Nine properties along West Main and Cary streets — highlighted by the 15,000-square-foot Social Security Administration office building at 1834 W. Cary St. — sold last week for a total of $5.9 million.

Praveen Gupta, a Henrico-based investor, bought the properties from Eck Enterprises, the family business of the late Edgar Eck Jr., who redeveloped dozens of buildings in the Fan in the 1980s.

The deal included 1715, 1719, 1723 and 1727 W. Main St., as well as 1504, 1518, 1520, 1603 and 1834 W. Cary St.

The Ecks’ 150-plus property portfolio hit the market earlier this year and the bulk remains under contract to be sold to a single mystery buyer.

Commonwealth Commercial’s Kit Tyler, who has the listing with colleague Nash Warren, confirmed this week that most of the Eck portfolio remains under contract and scheduled to close by the end of 2021.

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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, Columbus OH, Kansas City MO, St. Louis 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.

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Commonwealth Commercial Completed Five Transactions this Week

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Richmond, VA – October 22, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Guifang Acupuncture & Herb, LLC leased 1,328 SF at 11551 Nuckols Road in Henrico County. Eric Hammond, Jamie Galanti and Russell Wyatt represented the Landlord.
  • Steward Partners Global Advisory, LLC leased 3,616 SF at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Powhatan County, VA purchased 19.76 acres on Anderson Highway in Powhatan County for $850,000 from Shady Oaks Urbine, LLC. Chris Jenkins and Joe Buhrman represented the Seller.
  • M&H Sommerville, LLC purchased 8,700 SF at 14308-14316 Sommerville Court in Chesterfield County for $2,700,000 from Sommerville Real Estate Holdings, LLC.  Tucker Dowdy and Russell Wyatt represented the Seller.
  • Aragon Group, LLC purchased 4,826 SF at 5420 Distributor Drive in the City of Richmond for $330,000 from Purser Family, LLC.  Tucker Dowdy and Colton Konvicka 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, 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.

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Commonwealth Commercial Closes Sale of Eight Mixed-Use Properties in Richmond’s Fan District

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Richmond, VA. – Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, VA., recently brokered the sale of eight mixed-use properties at 1715, 1719, 1723, and 1727 W. Main Street, 1504, 1518, 1520, and 1603 W. Cary Street in Richmond’s Fan District. CCP represented the seller, Eck Enterprises, LLC, and Abhijun Gupta from Taylor Properties represented the purchaser, RPNA Capital, LLC.

Kit Tyler, Senior Vice President at CCP, and Tucker “Nash” Warren, Senior Associate at CCP, negotiated the mixed-use properties’ sale that closed on October 14th for a price of $3 million. The eight properties consist of 13 one- two- and three-bedroom garden apartments, two townhouses, and three commercial units. The buildings were part of the Uptown Portfolio, a large assemblage of real estate holdings owned and developed by Eck Enterprises, LLC.

Praveen Gupta, principal partner at RPNA Capital, LLC is a resident of Henrico County and has been actively investing in the Richmond Fan area.

The Uptown Portfolio consists of more than 100 retail, restaurant, office, and multifamily properties concentrated within a 10-block area along West Main and West Cary Streets, just west of the VCU Monroe Park Campus. CCP manages the listing for all the properties in the Uptown Portfolio.

“Representing the sale of Eck Enterprises’ Uptown Portfolio has been a great honor for Nash and me,”

said Kit Tyler. “The properties sold in this transaction included a well-kept assortment of commercial and residential units. The Sellers took exceptional care of their properties as well as their tenants. This will be of great value to the new owners, RPNA Capital, LLC.”

News regarding the sale of other properties within the Uptown Portfolio will be shared after the closing date of the transactions. For more information about Commonwealth Commercial Partners, LLC, visit commonwealthcommercial.com.

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, Columbus OH, Kansas City MO, St. Louis 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.

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Commonwealth Commercial Completed Eight Transactions this Week

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Richmond, VA – October 15, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Urgent Care MSO, LLC leased 5,000 SF at 4003 College Avenue in Bluefield, VA.  Carl Blackwell represented the Tenant.
  • Urgent Care MSO, LLC leased 5,400 SF at 1336 W. Main Street in Salem, VA.  Carl Blackwell represented the Tenant.
  • MBS Production Services, LLC leased 12,500 SF at 1800 W. Marshall Street in the City of Richmond.  Ben Bruni and Russell Wyatt represented the Landlord.
  • All Secured Home Health Services, LLC leased 708 SF at 8001 Franklin Farms Drive in Henrico County.  Ben Boykin and Jamie Galanti represented the Tenant.
  • Ariya Chiropractic Group, Inc. leased 1,725 SF at 5600 Patterson Avenue in Henrico County.  Tucker Dowdy and Michael Good represented the Tenant.
  • New Story leased 13,650 SF at 5135 – 5199 Cleveland Street in VA Beach.  Gresh Wall represented the Landlord.
  • Red Mill Chiropractic, LLC leased 4,153 SF at 1253 Nimmo Parkway in VA Beach.  Gresh Wall represented the Landlord.
  • Global ReSale LLC leased 35,252 SF at 11700 N. Lakeridge Parkway in Hanover County.  Ben Bruni and Jim McVey 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, 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.

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Sauer Center’s first phase fills out

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Posted on 10/06/2021 by Mike Platania at Richmond BizSense

All of the office space in The Sauer Center’s first phase has now been spoken for, with a firm that’s closely familiar with the project snapping up its last bit.

L.F. Jennings has signed a lease to move its local headquarters to The Sauer Center, the Whole Foods-anchored development from Sauer Properties across Broad Street from the Fan.

The general contracting firm is taking 4,300 square feet of office space at 2000 W. Marshall St., joining tenants like IT firm SingleStone and fellow general contractor Barton Malow. Sauer Properties’ own office is also based out of the trapezoidal building near the intersection of West Marshall Street and Hermitage Road.

Though its company headquarters are in Northern Virginia, L.F. Jennings’ local home base has been in the Glen Forest Office Park in the West End for over a decade.

The company already knows The Sauer Center well, as it’s been the project’s general contractor since it kicked off in 2017. Frank Martino, L.F. Jennings’ Central Virginia director, said they’re excited to make Sauer Properties a neighbor and landlord, in addition to a client.

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Carytown to get a new bagel shop

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Posted on 10/04/2021 by Mike Platania at Richmond BizSense

Another bagel shop is rolling into the city, this time in Carytown.

Chewy’s Bagels, which has been a pop-up shop and wholesaler since its launch in 2019, is preparing to open at 3138 W. Cary St. in Cary Court.

Ashley Cricchio, a Maine native and VCU alum, started Chewy’s two years ago, selling her sourdough bagels initially at Outpost Richmond in Forest Hill.

She expanded to selling wholesale to local markets like Union Market, Little House Green Grocery and Ellwood Thompson’s. In the spring she moved into commissary kitchen and food business incubator Hatch Kitchen in South Richmond, while keeping the idea of her own shop in the back of her mind.

“I had known that I was going to start outgrowing Hatch soon after I moved into one of their rooms. I’ve been feeling kind of the pressure of growth since moving in in the spring,” Cricchio said.

“Making bagels is really equipment-intensive and labor-intensive,” she said. “I was willing to make it work until the right place came along.”

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Commonwealth Commercial’s September Personnel News

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Richmond, VA – October 1, 2021 – Commonwealth Commercial Partners, LLC is pleased to report new hires and promotions during the month of September.

  • Promotion – Gabriel Scotti
    Gabriel Scotti has been promoted to Chief Engineer in Jacksonville, FL.
  • New Hire – Craig Babich
    On September 7th, we welcomed Craig Babich to the Richmond Tenant Services Team.
  • DCP Rehire – Michael Gundlach
    With great pleasure, we’d like to announce that Michael Gundlach has returned to DCP as Controller, effective 9/1/21.

 

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Five-building industrial portfolio sells for $9M

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Posted on 10/01/2021 by Katherine Schulte at Virginia Business

A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced.

ESAP LLC sold the portfolio to Drakadia Holdings LLC, a business entity registered to an eastern Henrico County address occupied by QTS, a data center company with a large presence in the state. QTS opened a 1.3 billion-square-foot data center in White Oak Technology Park near Richmond International Airport, where the company established an access point for three subsea fiber-optic telecommunications cables that come ashore in Virginia Beach and connect data networks in the U.S., Europe and South America.

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