In The News Archives - Page 3 of 47 - Commonwealth Commercial Properties

Commonwealth Lodging adds five Virginia hotels

Posted on November 1, 2023 at 4:16 pm.

Virginia Beach, Va. (November 1, 2023)

Commonwealth Lodging Management LLC has added five new hotels in Virginia to its management portfolio in the past month.

“We are excited to onboard several new owner clients and over 100 new associates at these hotels,” said Duane Gauthier, managing director, Commonwealth Lodging. “Our leadership team is committed to providing a uniquely positive work environment for our staff who deliver genuine hospitality to guests in our hotels. The result is a win-win for associates, guests, and investors.”

The five hotels spanning four properties are:

SpringHill Suites by Marriott Richmond North/Glen Allen: A 136-room hotel located near Interstate 95 in the north side of the Richmond, VA. market. This hotel was built in 2001 and will undergo a complete modernization, updating all guestrooms, the lobby and the amenities to Marriott’s latest design standards for SpringHill Suites.
Hampton by Hilton Richmond West/Innsbrook: This 136-room hotel is located in the Innsbrook office park close to Short Pump Mall. Recently renovated, this property features Hampton’s latest room design and has a history as one of the most desirable hotels in Innsbrook, according to the company.
Sleep Inn and Quality Suites Norfolk Airport/Lake Wright: This dual-branded property, with 234 total rooms and 5,200 sq. ft. of event space, is located adjacent to the Premium Outlet Mall and the airport in Norfolk, VA. The property will undergo a property improvement plan (PIP) to meet the latest brand standards, including updates to the lobby, guestrooms, meeting space and pool.
Holiday Inn Richmond West: Anticipated to open in March 2024, this 141-room hotel will feature a Toast-to-Toast café and bar, 2,000 sq. ft. of event space, an indoor pool and an outdoor patio with fire pits. Commonwealth Lodging will manage the recruitment of the onsite leadership team and will oversee all preopening sales and operations.

Ed Denton, chief development officer, Commonwealth Lodging, said, “The addition of these hotels to our portfolio signifies a significant expansion of our Virginia footprint, aligning with our strategy to provide value-added services for investors seeking diversity, cash flow, and long-term appreciation with hospitality assets.”

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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Commonwealth Commercial Partners, LLC is Expanding its Partnership with Matan Companies at Deepwater Industrial Park

Posted on October 28, 2023 at 4:09 pm.

Written by Sallie Pruitt

Richmond, Va. (October 26, 2023) – Commonwealth Commercial Partners is pleased to announce that we have partnered with Matan Companies for the property management of Deepwater Industrial Park located at 2301 and 3001 Commerce Road in Richmond, Virginia.

Recently purchased by Matan Companies, Deepwater Industrial Park is comprised of two Class A industrial buildings spanning 220,527 square feet. This achievement highlights the expertise of our Property Management and Tenant Services teams as they continue to solidify our relationship with Matan Companies.

“Expanding into the Richmond market has required Matan Companies to find a reliable and reputable partner to help us effectively operate the portfolio,” said Leigh Jonker, RPA, CSM, CRRP, Matan Companies. “Commonwealth Commercial Partners had been that partner at Northlake and we look forward to working with their team at Deepwater.”

“We are excited to deepen our partnership with Matan Companies,” said Adam Megenity Adam Megenity, Senior Vice President/Partner, at Commonwealth Commercial Partners. “We are dedicated to supporting their growth by delivering exceptional property management services.”

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CCP – Richmond Awarded Property Management of Westerre I & II

Posted on October 23, 2023 at 8:52 am.

Written by Sallie Pruitt

Richmond, Va. (October 23, 2023) – Commonwealth Commercial Partners, LLC has been awarded the property management of Westerre I & II. These two Class A office buildings, totaling 163,187 sq. ft., are located at 3951 and 3957 Westerre Parkway, Henrico, VA 23233.

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Commonwealth Lodging Hires Linda Williams as Task Force General Manager

Posted on October 11, 2023 at 10:32 am.

Written by Sallie Pruitt

Virginia Beach, Va. (October 11, 2023) – Commonwealth Lodging Management (CLM), a mid-Atlantic based hospitality management and consulting firm, has hired Linda Williams as Task Force General Manager based out of the dual-branded Hilton Garden Inn and Home2 Suites in Columbia, South Carolina adjacent to the University of South Carolina. Linda brings over 25 years of experience in the hospitality sector and is a seasoned professional known for her outstanding leadership and dedication to providing excellent guest services.

Throughout her career in hospitality, Linda has managed hotels of all sizes, earning her a stellar reputation for achieving remarkable success. During her tenure with brands such as Omni Hotels, Starwood, Intercontinental Hotel Group, and Hilton Hotels, she held pivotal roles including Area General Manager, General Manager, and Director of Operations, which speaks to her expertise and talent.

A strong advocate for her team, Linda is committed to fostering positive financial outcomes and delivering exceptional service results. Her leadership revolves around creating a supportive work environment, where every team member thrives. Linda’s accolades include prestigious awards such as General Manager of the Year for Hotel Indigo, a testament to her unwavering dedication to excellence.

Beyond her professional achievements, Linda dedicates her spare time to community organizations, including Essence of Hope, Service without Walls, and The Leukemia & Lymphoma Society of Georgia Chapter, reflecting her commitment to making a meaningful difference in the community.

“We are thrilled to welcome Linda Williams as our General Manager. Her extensive experience, passion for hospitality, and commitment to community service align perfectly with our values at Commonwealth Lodging. We are confident that Linda’s leadership will elevate our guest experiences and set new standards of excellence,” said Duane Gauthier, Managing Director of Commonwealth Lodging.

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About Commonwealth Lodging Management, LLC
Commonwealth Lodging, a mid-Atlantic based hotel management and consulting firm, is a wholly owned subsidiary of Commonwealth Commercial Partners, LLC. CLM is knowledgeable in all aspects of hotel 6inance, franchising, operations, management, renovations, and ownership. We are integrated with a large family of real estate services and professionals that further bolsters what we’re able to offer clients. To learn more, visit commonwealthlodging.com.

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Commonwealth Lodging Welcomes Jesse Hemphill as Director of Hotel Operations

Posted on October 11, 2023 at 10:13 am.

Written by Sallie Pruitt

Virginia Beach, Va. (October 10, 2023) – Commonwealth Lodging Management (CLM), a mid-Atlantic based hospitality management and consulting firm, has hired Jesse Hemphill as Director of Hotel Operations. With over two decades of industry experience, Mr. Hemphill brings a wealth of knowledge and leadership to the team.

In his new role, Mr. Hemphill will oversee multiple properties within the Commonwealth Lodging portfolio. His responsibilities will include assisting in new development projects, leading the recruitment and training of senior management staff, and implementing the brand processes and procedures to ensure profitability while delivering exceptional guest experiences. Notably, Mr. Hemphill played a pivotal role in the $30 million renovation of the Norfolk Waterside Marriott, a 407 room Hotel and 68,000 square foot
conference center, which has elevated the property to a market leader in the Hampton Roads area.

“Commonwealth Lodging is excited to have Jesse Hemphill on board as we continue to elevate our portfolio in the hospitality industry,” said Duane Gauthier, Managing Director of Commonwealth Lodging. “His extensive expertise and dedication to creating exceptional guest experiences align perfectly with our core values.”

Mr. Hemphill began his career with IHG hotels and has since proven leadership expertise in hospitality operations, sales, and staff development with Choice, Starwood, and Marriott International. Throughout his career, his commitment to excellence has earned him numerous accolades from both brand and franchisee honors. His properties have continually reached distinguished rankings in guest service and financial performance.

A Virginia native, Mr. Hemphill attended Old Dominion University with a concentration in Business Administration. Eager to make significant contributions to the industry, he has held multiple positions in professional organizations and currently serves on the Board of Directors for the Downtown Norfolk Council and the local chapter of the VRLTA.

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Tucker Dowdy Achieves His SIOR

Posted on September 13, 2023 at 12:14 pm.

Written by Sallie Pruitt

September 13, 2023 – Richmond, Virginia

We extend our congratulations to Tucker Dowdy, SIOR on his distinguished accomplishment of earning the SIOR (Society of Industrial and Office Realtors) designation. This prestigious recognition underscores Tucker’s unwavering commitment to excellence in the industrial and office real estate sectors. His contributions to our organization have been invaluable, and we at CCP are immensely proud to have him as an integral part of our team. We are confident that this milestone will serve as a catalyst for further success and look forward to witnessing Tucker’s continued growth and leadership within the company.

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Commonwealth Lodging Assumes Management of the Courtyard by Marriott at Princeton University

Posted on September 8, 2023 at 9:04 am.

Written by Sallie Pruitt

VIRGINIA BEACH, VA, USA, September 7, 2023/EINPresswire.com/ — Commonwealth Lodging Management, LLC was awarded management of the Courtyard by Marriott^® in Princeton, New Jersey. An existing client of the firm recently purchased the hotel and plans to complete a comprehensive renovation next year.

The hotel opened in 1999 and features the signature Courtyard^® Bistro, 154 guest rooms and an event room which accommodates 50 people, all of which will be upgraded to offer the latest Courtyard by Marriott^® design package, technology, and amenities. Strategically located adjacent to the Princeton Hospital and just minutes from Princeton University, Forrestal Village and Carnegie Center, the hotel caters to university visitors, athletic teams, and corporate travelers. Commonwealth Lodging™ will oversee all operations and repositioning of the hotel.

“We are pleased to grow our management footprint to the northeast and look forward to working with our client to execute their investment strategy on another quality hospitality asset,” said Duane Gauthier, Managing Director of Commonwealth Lodging. “This hotel has a great brand and a great location, and we’re eager to work with Marriott’s design team again to refresh this product.”

About Commonwealth Lodging Management, LLC

Commonwealth Lodging, a mid-Atlantic based hospitality management and consulting firm, is a wholly owned subsidiary of Commonwealth Commercial Partners and has extensive experience with nationally recognized select- and full-service franchises operating in suburban, secondary and tertiary markets. The company specializes in focused, hands-on management of hotels for institutional clients and individual hotel owners to stabilize property management, improve cash flow and develop sell/hold strategies. To learn more, visit commonwealthlodging.com.

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Virginia Beach Office of Commonwealth Commercial Partners Welcomes Broker from Hometown

Posted on September 7, 2023 at 8:30 am.

Written by Sallie Pruitt

Good News for Commonwealth Commercial Partners, LLC in Virginia Beach!

CCP Hampton Roads is thrilled to welcome Michael Good to their expanding Virginia Beach office. As a native of Virginia Beach, Michael has an innate understanding of the area, making him an invaluable asset to both clients and colleagues. For the past 4 years, Michael has been a senior associate on the CCP brokerage team working out of the Richmond office.

Michael shared, “I’m truly excited to return to my hometown and work in the community where I was raised. I look forward to connecting with old friends and forming new connections as I begin my professional journey back home at the beach.”

Specializing in the Medical and Office markets, Michael’s expertise includes skillfully representing both Tenants/Buyers and Landlords/Sellers ensuring that all their unique needs are being met in a timely and efficient manner. Michael received his B.A. from Hampden-Sydney College in Farmville, Virginia where he was Student Body president his senior year.

“Michael has consistently demonstrated an unwavering commitment to his clients’ success. His proven track record coupled with his extensive knowledge of the local market will undoubtedly be an incredible asset to our Virginia Beach team,” said F. Gresham Wall, III, Managing Director, Hampton Roads.

As CCP continues to expand its reach in the Virginia Beach market, the addition of Michael solidifies the commitment to delivering top-tier real estate solutions with a local touch.

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Local GC Dominion Construction Partners to build and anchor new Henrico development

Posted on September 5, 2023 at 9:59 am.

Written by Sallie Pruitt

For its latest project, a local general contractor is building a new home and then some.

Dominion Construction Partners has broken ground on Dominion Exchange, a 70,000-square-foot office and industrial project at 9003 Old Staples Mill Road in Henrico County.

Once completed, Dominion Exchange will serve as the new headquarters for DCP, which is planning to occupy about 12,000 square feet of the project. The remaining space would be leased out.

Founded in 2007, DCP is one of the many divisions of Commonwealth Commercial Partners. In addition to a sizable commercial real estate brokerage operation, CCP also has property management, development, forestry consulting, and hospitality management services.

DCP builds for all types of sectors, including office, restaurant, multifamily, industrial, and retail projects. Some recent work includes Silver Hills Development’s 263-unit apartment building off Monument Avenue, the YWCA’s office renovation, and the West Coast Provisions restaurant in GreenGate.

“We pretty much do a little bit of everything. We like to try to be diversified,” said DCP Executive Vice President Will Bynum. “If you look at (our) job list, it’s got a $60,000 ATM kiosk and a $40 million apartment (building), and a lot of stuff in between.”

DCP and its staff of about 30 are currently based out of an office in Innsbrook that it shares with CCP. Bynum said DCP realized last year that it was running out of space and needed to find its own home.

He said the group set out to find both office and warehouse storage space for DCP, but couldn’t find anything that suited its needs. It opted to lean on CCP and its various divisions to develop something new.

“There’s not a lot of product (like that) on the market,” Bynum said. “It was the first time that we’ve really been able to showcase all of (CCP’s) service lines in one central project. It’s exciting and we want to do more of this going forward.”

DCP declined to disclose the project cost.

Dominion Exchange’s 11-acre site was secured by CCP’s land sales division last summer for $1.2 million. DCP will be the general contractor on its new home, and CCP brokers are handling the marketing of the remaining 58,000 square feet in the project that’s available for lease. Cornerstone, an architecture firm not owned by CCP, is designing the project.

The brokers are talking to a couple of different folks now, Bynum said. “It seems like there’s some pretty decent interest because there’s not a lot of product like that. We want it to look cool, like something that’d be in Scott’s Addition or downtown, but we also have the functionality of having the warehouse attached to it.”

Site work began earlier this month and Bynum said DCP is hoping to get moved in by the second quarter of 2024.

A handful of other general contractors have relocated within the region in recent years. Last fall Riverstone left Chesterfield for a new office in Innsbrook, and Fortitude Commercial Contracting bought and built out its new headquarters in the Westwood area. Daniel & Co., a longtime local general contractor and developer, is also planning to leave its current office in Scott’s Addition to head to a building near The Diamond on Hermitage Road.

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CCP Awarded Facilities Management for Matan Companies’ Northlake II Industrial Park

Posted on July 25, 2023 at 8:40 am.

Written by Sallie Pruitt

Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., is pleased to announce that we have been awarded the facilities management for Matan Companies’ Northlake II, a new industrial park in Ashland, Virginia.

Upon the completion of construction, Northlake II will be comprised of four state-of-the-art industrial buildings with a combined footprint of 547,000 square feet. This property is situated on roughly 35 acres along the I95 corridor in the 12000 block of Harley Club Drive, which offers easy access and visibility for businesses seeking a strong presence in the region.

“We are thrilled for this opportunity to bring our services to Matan Companies and begin a long-lasting relationship,” said Adam Megenity, Senior Vice President/Partner, Commonwealth Commercial Partners. “Together, we are committed to creating a thriving hub for businesses, enhancing economic growth, and contributing to the overall prosperity of Ashland, Virginia.”

Matan Companies has built a reputation for offering a comprehensive range of strategic services and owning assets in key markets. The collaboration between Commonwealth Commercial Partners and Matan Companies promises to add unparalleled value to tenants and stakeholders.

With the construction of the first 3 buildings complete, Commonwealth Commercial Partners looks forward to leveraging its expertise in facilities management to ensure seamless operations, elevate tenant experiences, and drive success for businesses housed within Northlake II.

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