Richmond, Va. – May 10, 2024

Congratulations to Hank Campbell on the sale of the 2,301-acre Blue Knob Complex located north of Martinsville, Virginia adjacent to the Turkeycock Mountain Wildlife Management area. This beautiful recreational property is a mountainous hardwood timber tract with some pine conversion offering exceptional views and abundant wildlife. The seller was Dominion Woodlands LLC, an institutional owner based in Atlanta, Georgia. The property sold for $3.3 million.

Hank was first approached about selling the tract eight years ago when it was acquired by the owner as part of a larger portfolio. Since then, Hank helped the owner by securing a deeded access easement across the main road into the property back in 2020. Hank relisted the property earlier this year following a price adjustment and quickly had it under contract. The transaction closed within 30 days from start to finish. Thank you to Dominion Woodlands LLC for allowing us to represent you in this transaction, and a big thanks to Jeff Davis who represented the buyer.

In 2024, Hank has advised clients on the disposition of over 4,100 acres of land and has close to another 1,000 acres currently under contract. Hank shared that “rural recreational properties and timber tracts remain a popular asset class for investors who are looking for diversification within their real estate portfolios.”

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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, 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.