CCP Awarded Management of Second Building in The Sauer Center

CCP Awarded Management of Second Building in The Sauer Center

On March 26, 2020, Adam Megenity, CCP-Richmond, announced that Commonwealth Commercial Partners has been awarded the property management of the second building located in Richmond’s newest, urban mixed-use development. This 27,000 sq. ft. Class A office asset is finishing up a historic tax credit renovation and is the next step in this ever-growing project. We are excited to be chosen as the service provider in this game-changing project for downtown Richmond. CCP has also been retained for the brokerage of this asset and the building already 77% leased! Finally, our Asset Management team was recently awarded the asset management of this project. What a fantastic outcome when three of CCP business lines can work on the same asset!

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 Two Transactions this Week

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

  • RKKCC, LLC leased 4,224 SF at 14360 Sommerville Court in Chesterfield County.  Tucker Dowdy represented the Landlord.
  • Williamsburg Beds, LLC purchased 26,190 SF at 5611 Pride Road in the City of Richmond from Southside Improvements, Inc for $950,000.  Ben Bruni, Colton Konvicka and Carl Blackwell represented both sides in this transaction.

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 Four Transactions this Week

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

  • W.V. McClure, Inc. purchased 20 acres at 11300 Ironbridge Road in Chesterfield County from Riley Lowe for $1,100,000.  Chris Jenkins and Randy Cosby represented the Seller.
  • Richmond Times Dispatch renewed 10,000 SF at Ruffin Mill Center, 16067-16071 Continental Boulevard in Chesterfield County.  Ben Bruni and Colton Konvicki represented the Landlord.
  • MasTec North America, Inc. leased 19,156 SF at 2400 Maury Street in the City of Richmond.  Ben Bruni and Colton Konvicki represented the Tenant.
  • Riverside Counseling and Consulting, LLC leased 924 SF at 4 South 1st Street in the City of Richmond.  Eric Hammond and Thomas Lynde 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.

Henrico strip mall sells for $1.5M

Posted on 4/3/2020 by Sydney Lake at Virginia Business

Laurel Park Shopping Center in Henrico sold for $1.5 million, Commonwealth Commercial Partners LLC announced Friday.

The strip mall located at the corner of Woodman and Hungary Roads encompasses more than 16 acres of land, and is located less than 2 miles from Reynold Community College. The shopping center’s primary retailer is Dollar General.

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Commonwealth Commercial Completed Five Transactions this Week

Richmond, VA – April 3, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Starbucks Corp. leased 2,700 SF at 2003 S. Main Street in Farmville.  Morgan Trible represented the Landlord.
  • Jumpology Virginia leased 17,451 SF at 10087 Brook Road in Henrico County.  Morgan Trible represented the Tenant.
  • Riverside Counseling and Consulting LLC leased 924 SF at 4 South 1st Street in the City of Richmond.  Eric Hammond and Thomas Lynde represented the Landlord.
  • Millspring Commons Apartments, LLC purchased 16 acres at 2314 Hungary Road in Henrico County from JD Properties I LP for $1,500,000.  Bruce Milam represented the Purchaser.
  • Signal Hill Apartment in Hanover County Sold for $7.6 million. Bruce Milam, Chip Louthan, 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, 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.

SIGNAL HILL APARTMENTS SELLS FOR $7.6 MILLION

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of the 68-unit Signal Hill Apartments and 1-residential house located at 8111 Signal Hill Road in Mechanicsville, VA. The property was deemed attractive because of its solid construction, excellent hands-on management and the dearth of multifamily product available in Hanover County. The residence/office is an up-to-date four-bedroom, three full bath house which will be a rental, with a separate management office to be used by the new ownership.

The property was placed on the market in the Fall of 2019 and the purchaser, an affiliate of Peak Strategic Capital from Washington, D.C., was selected competitively from a number of qualified prospects hailing as far away as California and New York. The new buyer bought the apartments with Freddy Mac financing.

Bruce Milam, Chip Louthan, and Colton Konvicka of Commonwealth Commercial represented the Seller. This property closed on March 26th, 2020 and sold for $7.6 million.

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, Kansas City MO, St. Louis MO, Minneapolis MN, Columbus OH, and Houston TX. 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 Three Transactions this Week

Richmond, VA – March 27, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • 2015 Brands, LLC leased 2,967 SF at 11930 Iron Bridge Road in Chesterfield County.  Michael Morris, Jim McVey and John Thompson represented the Landlord.
  • Terry Carroll Enterprises, Inc. leased 4,300 SF at 9315 Pocahontas Trail in New Kent County.  Eric Hammond represented the Landlord.
  • Primoris T&D Services, LLC leased 34,800 SF at 12195 Harley Club Drive in Hanover County.  Ben Bruni and Jamie Galanti 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 Six Transactions this Week

Richmond, VA – March 20, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Primoris T&D Services, LLC leased 34,800 SF at 12195 Harley Club Lane in Hanover County.  Ben Bruni represented the Tenant.
  • Float Zone, LLC leased 3,200 SF at 2034 Dabney Road in Henrico County.  David Williams represents the Landlord.
  • Achilles Foot & Ankle Center, Inc. leased 4,403 SF at 3974 Springfield Road in Henrico County.  Tucker Dowdy and Russell Wyatt represented the Landlord.
  • Barton Malow Company leased 6,677 SF at 2000 W. Marshall Street in the City of Richmond.  Tucker Dowdy and Russell Wyatt represented the Landlord.
  • County of Chesterfield leased 4,471 SF at 9401 Courthouse Road in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Clear Vission Properties, LLC purchased 12,000 SF at 4825 S. Laburnum Avenue in Henrico County from ARKS, LLC for $1,000,000.  Tucker Dowdy and Russell Wyatt 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.

Winterfield Place phase 2 underway with apartments builder on board

Posted on 3/16/2019 by Jonathan Spires at Richmond Bizsense

A long-awaited second phase of a mixed-use development near the Chesterfield-Powhatan line is moving forward, with a Tennessee-based builder lined up to construct its apartments.

Site work is underway for the final phase of Winterfield Place, a development by Midlothian-based Riverton Associates straddling Winterfield Road at its intersection with Huguenot Trail and Robious Road.

Riverton, led by developer Casey Sowers, has been planning a mixed development of 200 apartments, 22 detached houses and up to 75,000 square feet of commercial space within about half of the 50-acre site on the west side of Winterfield Road, completing the project that started years ago with the Winterfield Place shopping center across the street.

Continue reading the full article

Commonwealth Commercial Completed Five Transactions this Week

Richmond, VA – March 13, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Movement Mortgage leased 1,724 SF at 9401 Courthouse Road in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Commonwealth Community Trust Endowment Fund leased 2,275 SF at 3751-D Westerre Parkway in Henrico County. Tucker Dowdy and Russell Wyatt represented the Landlord.
  • Crystal Ice Corporation leased 2,360 SF at 3007 W. Clay Street in the City of Richmond. Ben Bruni and Russell Wyatt represented the Landlord.
  • #1 A LifeSafer Distribution, Inc. leased 2,194 SF at 2600 E. Parham Road in Henrico County. Chip Louthan represented the Landlord.
  • Kidd and Co., Inc. purchased 76.15 acres at 12174 Washington Highway in Hanover County from Barnes Family, LLC for $1,200,000.  Chris Jenkins, Randy Cosby, Russell Wyatt and Ben Bruni 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.