Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., has been awarded Property Management for a new Medical Office Building in Goochland, Virginia. Located at 1616 Three Chopt Road, this 19,000 +/- square feet asset is situated in the far West End with proximity to multiple interstates.
This newly constructed, single-tenant building will be designed to cater specifically to the needs of veterinary emergency medicine. Equipped with cutting-edge technology, this new medical office space will specialize in advanced services such as oncology and imaging.
“We are excited to have the opportunity to collaborate with this client, who not only aligns with our core values but also will be providing an important service in the area.” Shared Adam Megenity, Senior Vice President/Partner, Commonwealth Commercial Partners. “We are eager to bring our expertise and dedication to enhancing the property’s value and provide a seamless experience for our client.”
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.
Commonwealth Commercial Partners, LLC (CCP) has been awarded the Property and Asset Management of One Independence Park in Tampa, FL. The 115,000 square foot office building is in the Westshore district with close proximity to Tampa International Airport and Veterans Expressway.
The building sits on 9.2 acres and is fully leased to Wipro and HealthPlan Services Inc. The business plan includes management of both Healthplan Services and WiPro’s ongoing tenant buildout projects and delivery of monthly investor distributions upon the asset’s stabilization.
“We have successfully onboarded an expansive portfolio of 50 properties for this client across the nation in 2022. This new assignment is a result of our growing relationship with their team.” Shared Scott Holman, Managing Director of Florida and Georgia. “There has been a tremendous amount of work from numerous individuals who have fostered the relationship that continues to bring more assignments our way.”
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.
Commonwealth Commercial Partners Expands Property Management in the Midwest
Commonwealth Commercial Partners (CCP), a leading commercial real estate firm headquartered in Richmond, Va., has been awarded the full-service property management of Quivira Crossing in Overland Park, Kansas. This assignment is an extension of an existing relationship through CCP’s Jacksonville, Florida office with the Las Vegas-based Blue Sapphire Management. Quivira Crossings is a 40,000 square foot retail project, currently 100% leased to a combination of local and national retail tenants. This property is very well located in Kansas City metro’s top retail submarket.
“This is a great opportunity for CCP to continue to expand our footprint and showcase our ability to be a top multi-market player,” shared Scott Holman, Managing Director of Georgia and Florida. “Our goal is to support existing clients as they grow in the market and to expand with additional relationships in the market. We do this by providing best-in-class Property Management services to our clients.”
Senior Property Manager, Allison Mitchell played a major role in further cultivating the relationship with the client and provided significant due diligence for the client during the acquisition, as well as onboarding the property with the CCP transition team. Allison and her Kansas City team will handle the management of the project moving forward.
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.
Please help us in congratulating members of our Sales & Leasing team for being recognized by CoStar Group as 2023 CoStar Power BrokerQuarterly Deals winners for Q1!
Top Sales Deal
Submarket – Airport Ind
Property Type – Industrial
Sale Price – $24,150,000
Seller Reps: Russell Wyatt & Ben Bruni, SIOR
Top Industrial Leasing Deal
Goochland Ind
SF Leased – 18,362
Tenant Name – Upholstery and Fabric Stores
Tenant Reps: C. Ryan Fanelli
Top Office Leasing Deal
Submarket – Parham East
SF Leased – 33,900
Tenant Name – Colonial Webb Contractors Co.
Landlord Reps: Michael Good & Tucker Dowdy
Top Retail Leasing Deal
Submarket – Midlothian West Ret
SF Leased – 25,000
Tenant Name – Bangers and Dinks LLC
Tenant Reps: Thomas Lynde & Colton Konvicka
Competitive tax rates. World class supply chain solutions. Ongoing investments in clean, renewable energy. We have a lot going for us in Virginia. Yes, Commonwealth Commercial Partners is a Virginia-based company, so we may be biased. But hearing from our speakers at the 2023 Commercial Real Estate Forum on April 27 really renewed our excitement for our Commonwealth and gave us all an opportunity to reflect on the amazing things happening across Virginia.
Presented by Commonwealth Commercial Partners, this year’s Forum topic focused on the future of Virginia in terms of infrastructure investment and economic development. We welcomed three speakers, each of whom is incredibly knowledgeable in their field: the Honorable R. Brian Ball, attorney and partner at Williams Mullen; Chris Gullickson, Director, Development and Transportation Policy at The Port of Virginia; and Emil Avram, Vice President-Business Development at Dominion Energy. Following the speaker presentations was a Q&A-style panel moderated by T. Preston Lloyd, Jr., Partner at Williams Mullen.
Here are the top three takeaways our team walked away with from this year’s Forum:
Virginia has important tools to help companies succeed.
What makes Virginia an attractive place to do business? To start, “the natural amenities here are second to none,” said Ball. He raved about our roads, rails, ports, schools and more before diving into some of the pro-business incentives we’ve had in place for decades. Virginia has remained at the same tax rate of 6% since 1972; a sign of security and stability, says Ball. “We pay all our bills; we have a AAA-bond rating. I can’t tell you how important that is for companies coming from overseas. They want to know we are a stable place to work.”
2. Our own Port of Virginia is the top performing port in North America.
The Port of Virginia boasts six terminals across Virginia, its primary business being the transportation of shipping containers. It is considered the top performing port in North America, a model in terms of supply chain management, marine terminal operations, and technology integration. “Our advanced, semi-automated container handling facilities are efficient, cost-effective, and safer operations, able to rapidly move freight from the water into commerce,” said Gullickson. The Port of Virginia also has its eye on renewable energy – specifically wind energy through the Portsmouth Marine Terminal – and aims to operate with net zero carbon emissions by 2040.
3. Electric demands in Virginia are forecasted to grow 5% annually, amongst the highest in the nation.
Virginia has some of the lowest electric rates in the nation, helping attract new businesses. One such business booming in Virginia are data centers, or facilities that centralize a company’s IT operations and equipment. Northern Virginia is the largest data center market in the U.S., demanding significant power consumption. “Data centers take lot of energy,” said Avram. “There are a number of servers packed into small spaces that require cooling, HVAC, and power to operate.” Dominion is answering the call for electricity through renewable sources and new technology. The wind farm currently being built off the coast of Virginia Beach is slated to be the largest of its kind in the U.S., and small modular nuclear reactors are being considered in locations across the Commonwealth.
Tahiri Capital purchased 6,682 square feet at 13354 Midlothian Tpke. in Chesterfield for $915,000 from Burgess Enterprises. Eric Hammond and Tucker Dowdy with Commonwealth Commercial Partners represented the seller.
Spectra Services leased 9,000 square feet at 12662 Bermuda Triangle Road in Chesterfield. Ben Bruni, SIOR and David Williams represented the landlord.
Civica Foundation purchased 9.4 acres at 9401 Courthouse Road in Chesterfield County for $795,400 from Economic Development Authority of the County of Chesterfield. Ben Bruni, SIOR and Carl Blackwell represented the buyer.
HG Real Estate purchased 68 acres at 4579 Old Fredericksburg Road in Goochland County for $700,000 from Guza Investments. C. Ryan Fanelli and Joe Buhrman represented the seller and Brent Altaffer and Randy Cosby represented the buyer.
We are pleased to announce that Commonwealth Commercial Partners, LLC has been awarded the property management of 4401 W. Kennedy Boulevard in Tampa, Florida. Tampa-based Lafayette Partners, LLC acquired the property in early 2023 and has plans to make cosmetic and capital improvements to the project. 4401 W. Kennedy is a 30,000 square foot office building located in the Westshore Business District, Tampa’s preeminent office sub-market. Located 3 miles from both Tampa International Airport and the Tampa CBD, this project provides convenient access for the professional firms in occupancy as well as their client base. The property is 90% leased to local firms, many of whom have been in occupancy for extended periods.
We are excited to continue our growth in Tampa and add this Westshore office project to our property management portfolio. Jonathan Harris will serve as CCP’s Senior Property Manager with assistance from Viviana Quijano, Property Administrator.
“I am happy to announce CoStar Group named the dual-branded Hilton Garden Inn and Home2 Suites in Columbia, South Carolina as Sale/Acquisition of the year,” said Duane Gauthier, Managing Director for Commonwealth Lodging Management, LLC. Commonwealth Lodging acquired these assets in May of 2022 and are well-located in downtown Columbia near the South Carolina state capitol and The University of South Carolina campus. “These properties fit well within the firm’s target investment criteria that include premium branded hotels located in drive-to destinations markets in the southeast with diverse demand drivers said Gauthier.”
We had a wonderful time honoring the hard work and accomplishments of Commonwealth Commercial Partners, LLC‘s employees at our 2022 Annual Company Awards Ceremony at The Park in Richmond, Virginia. The event was a true celebration of the hard work, dedication, and commitment our employees bring to our company. Their contributions have been exceptional and have helped us reach new heights, and we are truly grateful for everything they do.
We would like to extend a special congratulations to all the award winners! Your achievements were truly outstanding, and we are proud to have you as part of our team!
RICHMOND, VA, UNITED STATES, April 5, 2023/EINPresswire.com/ — Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., was awarded the 2023 Sale/Acquisition CoStar Impact Award for their work on the Seminole Trail deal. Craige Pelouze, of CCP, brokered the sale. Winners—chosen for their growth, diversification, and ability to overcome unique challenges in their particular markets—were selected from a panel of more than 750 industry professionals drawn from each respective market.
In addition to brokering the sale with Seminole Trail Management, CCP will also handle the leasing services for the 11 properties located in three of Richmond’s premier submarkets: Innsbrook, Glenside/Broad, and Short Pump Town Center. CCP has also retained property management for the portfolio.
Featuring a variety of architectural styles, the Class A office buildings in Henrico County total approximately 726,000 square feet in locations that are home to more than 100 tenants that range from small family offices to Fortune 500 companies. Large notable tenants include Northwestern Mutual, Scott Insurance, Patient First, and Suez North America.
“This is an important assignment for us and we look forward to enhancing our partnership with Seminole Trail,” said Mark Claud, CEO of Commonwealth Commercial. “We are fortunate to have this longstanding relationship with them through our property management team and are excited to have the opportunity for our leasing team to reposition these premier assets in the marketplace.”
CCP’s leasing team for this portfolio of properties includes Senior Vice President and Partner, Russell Wyatt, First Vice President, Eric Hammond and Senior Associate, Eliza Izard. To learn more about the CoStar Impact Awards and review the full list of winners, visit www.costarimpactawards.com/.
