Commonwealth Commercial Completed Two Transactions Last Week

Richmond, VA – Dec 28, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Derr Flooring leased 20,400 SF at 10411 Leadbetter Road in Hanover County.  David Williams represented the Landlord.
  • Heritage Baptist Church leased 5,549 SF at 9315 Pocahontas Trail in New Kent County.  Eric Hammond and Ben Bruni 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, 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 Completed Two Transactions this Week

Richmond, VA – Dec 18, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Atlas Credit Co., Inc. leased 3,362 SF at 3352 Riverside Drive in Danville.  Carl Blackwell represented the Landlord.
  • 18 W Broad Street, LLC dba Kinks & Quircks LLC purchased 8,046 SF at 18 W. Broad Street in the City of Richmond from C&L Holdings, LLC for $940,000.  Colton Konvicka represented 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 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 Completed Twelve Transactions this Week

Richmond, VA – Dec 4, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • X Factor Athletic Performance leased 4,500 SF at 11301 Business Center Drive in Chesterfield County.  Colton Konvicka and Ben Bruni represented the Landlord.
  • Gentry Locke Rakes & Moore, LLP renewed its lease for 7,455 SF at 919 E. Main Street in the City of Richmond.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Patricia Johnson leased 1,860 SF at 4906 Cutshaw Avenue in Henrico County.  Tucker “Nash” Warren represented the Landlord.
  • Old Dominion Brush Company, Inc. leased 157,000 SF at 5118 Glen Alden Drive in Henrico County.  Ben Bruni and Russell Wyatt represented the Landlord.
  • The Virginia Chamber of Commerce renewed its 6,651 SF lease at 919 East Main Street in the City of Richmond.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Dynamic Works LLC leased 640 SF at 10100 Iron Bridge Road in Chesterfield County.  Eric Hammond represented the Landlord.
  • Perkinson Homes, Inc. leased 2,333 SF at 3736 Winterfield Road in Chesterfield County.  Jim McVey and Thomas Lynde represented the Landlord.
  • Upside to Youth Development, LLC leased 3,184 SF at 9401 Courthouse Road in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • KC Transport Services, LLC leased 1,194 SF at 9401 Courthouse Road in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Staunton EM2 LLC purchased 450,000 SF on 38 acres at 90 Lee Jackson Highway in Augusta County from Staunton Mall LLC for $3,675,000.  Carl Blackwell and Ryan Fanelli represented the Purchaser.
  • ZLC Southern Properties, LLC purchased 350 +/- acres at 234 Forest Road in Greensville County from Sherrill Coastal Holdings, LLC for $530,500.  Chip Louthan represented the Seller.
  • Richmond Nuckols Group LLC purchased 12,780 SF at 11529 Nuckols Road in Henrico County from Virginia Press Services, Inc. for $2,325,000.  Eliza Izard and Jamie Galanti 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 Completed Seven Transactions this Week

Richmond, VA – November 19, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Epic Partners, LLC leased 2,228 SF at 306 Turner Road in Chesterfield County.  Tucker Nash Warren represented the Tenant.
  • Miles & Stockbridge PC leased 5,042 SF at 919 E. Main Street in the City of Richmond.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Nguyen LLC purchased 10,200 SF at 1700 Huguenot Road in Chesterfield County from 1700 Huguenot Properties, LLC for $1,100,000.  Eric Hammond represented the Purchaser.
  • CIG 6290 RFO, LLC purchased 38,900 SF on 2.25 acres at 6290 Warwick Road in the City of Richmond from Rastek Construction & Development Corp. for $1,850,000.  Ryan Fanelli and Colton Konvicka represented the Seller.
  • 2350 Greystone, LLC purchased 6.687 acres at 2350 Greystone Court in Goochland County from Rockville Commerce Center, LLC for $802,440.  Ben Bruni and Joe Buhrman represented the Purchaser.
  • Carter Lumber of Virginia, Inc. purchased 4.8 acres at 2801 Sprouse Drive in Henrico County from BB&T Investors for $445,000.  Ben Bruni and Joe Buhrman represented the Seller.
  • The McDowell Company, LLC purchased 5,240 SF at 3801 Jeff Davis Highway and 2524 Bells Road in the City of Richmond from Keystone Mountain Lakes Regional Council of Carpenters for $267,000.  Ryan Fanelli 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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Lingerfelt CommonWealth Sells Virginia Beach Class A Industrial Distribution Building for $21.7 Million

Richmond, VA  — November 16, 2020  — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the $21,695,000 sale of 1537 Air Rail Avenue in Virginia Beach. The building is a 320,000 square foot, Class A single tenant industrial distribution building, located near the Norfolk International Airport and Interstate 64.  The sale closed on November 12, 2020. The purchaser is a family office client of Manchester Capital Management, LLC, a Charlottesville, Virginia wealth management and real estate advisory firm.

Lingerfelt CommonWealth purchased the building in December 2018 for $8.0 million and simultaneously secured a 12-year, full-building lease with a single tenant. Lingerfelt CommonWealth invested $7 million in renovations to this facility including, but not limited to: a complete renovation of all interior office space and island offices; all new office bathrooms and kitchen; extensive warehouse flooring repair; upgraded electrical throughout; new unit heaters; addition of tailgate doors on the exterior bringing the total to 40 and 3 drive-in doors; new motorized security gate; and extensive repair on the 300,000 gallon water tank.

Commonwealth Commercial Partners, the Company’s property management affiliate, provided property and asset management services for the facility.  Comprehensive Development Strategies, the Company’s construction management affiliate, provided construction services for the renovations to the facility.

The property is located in Virginia Beach’s Airport Industrial Park, at the intersection of Diamond Springs Road and Northampton Boulevard, and includes 18 acres of land in addition to the building itself.  It has two points of access to Interstate 64, which makes it very close to the region’s port terminals, freight transfer and distribution facilities, and military installations nearby.  It is rail-served with an active Norfolk Southern spur for efficient loading and unloading of railcars.

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Commonwealth Commercial Completed Three Transactions this Week

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

  • Bon Secours – St. Francis Medical Center leased 12,400 SF at 2500 Pocoshock Place in Chesterfield County.  Tucker Dowdy represented the Landlord.
  • Valley Landscaping, Inc. leased 3,000 SF at 2312-B Commerce Center Drive in Goochland County.  Colton Konvicka and Ben Bruni represented the Tenant.
  • Stanley Martin Companies, LLC purchased 2.27 acres at 1500 W. Moore Street in the City of Richmond from 1500 W. Moore Street, L.C. for $4,000,000.  Ben Bruni 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, 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 Completed Three Transactions this Week

Richmond, VA – November 6, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Jaimes Painting, S.P. leased 8,250 SF at 11008 Washington Highway in Hanover County.  Chip Louthan and Sam Worley represented the Landlord
  • RK Trading Corp. leased 1,760 SF at 3931 Deep Rock Road in Henrico County.  Tucker Dowdy and Jim McVey represented the Landlord
  • Marwaha Commercials, LLC purchased 1,524 SF at 7520 Brook Road in Henrico County from First of Virginia, LLC for $235,000.  Ryan Fanelli represented 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 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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Middlesex County Scout Camp Sells For $3.5 Million

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of the Bayport Scout Camp at 623 Bayport Road in Middlesex County, VA. Hank Campbell (the lead broker) and Sam Worley of Commonwealth Commercial represented the seller, Phoenix Property Holdings, LLC. The purchaser is MHC RV, LLC. The 306± acre, waterfront property closed on October 19, 2020 for $3,500,000. This property was previously a Boy Scout Camp. It was recently rezoned for a commercial RV campground and approved for 900 RV sites.

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 Completed Five Transactions this Week

Richmond, VA – October 30, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • James River Grounds Management, LLC leased 8,250 SF at 11008 Washington Highway in Hanover County. Chip Louthan and Sam Worley represented the Landlord.
  • JJG Construction LLC leased 800 SF at 2714-B Enterprise Parkway in Henrico County. Eric Hammond represented the Landlord.
  • Mechanical Source Solutions LLC leased 2,700 SF at 3907 Deep Rock Road in Henrico County. Tucker Dowdy and Jim McVey represented the Landlord.
  • First Title & Escrow, Inc. leased 2,555 SF at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Marcelle Cox leased 800 SF at 1321 ½ E. Main Street in the City of Richmond. Eric Hammond 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, 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 Completed Nine Transactions this Week

Richmond, VA – October 23, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Drs. Kaugers & Miller, PLC leased 2,580 SF at 5700 Old Richmond Avenue in Henrico County.  Tucker Dowdy and Mark Claud represented the Landlord.
  • The Wood Law Firm, PLC leased 836 SF at 6720 Patterson Avenue in the City of Richmond.  Tucker Dowdy represented the Landlord.
  • Mechanicsville Hardware LLC leased 19,841 SF at 7026 Mechanicsville Turnpike in Hanover County.  Michael Morris, John Thompson and Jim McVey represented the Landlord.
  • Virginia Dental & Anesthesia Associates leased 2,832 SF at 11551 Nuckols Road in Henrico County.  Eric Hammond, Jamie Galanti and Russell Wyatt represented the Landlord.
  • Life Lessons Family Services, LLC purchased 1,183 SF at 7834 Forest Hill Avenue in the City of Richmond from David H. and Lynne D. Gouger for $160,000.  Eric Hammond represented the Seller.
  • Hermitage Investment Group, LLC purchased 19,376 SF at 4300 Vawter Avenue in Henrico County from Vawter Ave, LLC for $1,500,000.  Ben Bruni and Colton Konvicka represented the Seller and Russell Wyatt represented the Buyer.
  • Hermitage Holdings Brook Road, LLC purchased 3,312 SF at 7430 Brook Road in Henrico County from George T. Lee and Angela Y. Lee for $410,000.  Ben Bruni and Russell Wyatt represented the Purchaser.
  • SR Ellen Road, LLC purchased 34,635 SF on 2.892 acres at 1900 Ellen Road in the City of Richmond from Sampson Coatings, Inc. for $2,700,000.  Ben Bruni and Ryan Fanelli represented the Seller.
  • Maroon Eleven, LLC purchased 1,000 SF at 1911 W. Cary Street in the City of Richmond from David B. Robinson, CPA for $270,000.  Tucker Dowdy 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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