Commonwealth Commercial Completed Three Transactions Last Week

Richmond, VA – July 26, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Kensington Glass Arts, Inc. leased 12,000 SF at 8504-8506 Sanford Drive in Henrico County.  Ben Bruni represented the Tenant.
  • Jesse S. Feinman dba Pomegranate Press leased 600 SF at 304 East Main Street in the City of Richmond.  Eric Hammond represented the Landlord.
  • TF Holdings, LLC purchased 7,350 SF at 3000 Impala Drive in Henrico County from Brown Hound Investments, LLC for $577,00.  Ben Bruni 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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The Pipeline: Commercial real estate roundup for 7.23.21

Posted on 7/23/2021 by Richmond BizSense

TOP THREE SALES

No. 1: Advanced Properties purchased 62,657 square feet at 4350 Pouncey Tract Road in Henrico for $8.32 million from Colony Lake. Catharine Spangler, Connie Jordan Nielsen and Nicki Jassy with Cushman & Wakefield | Thalhimer represented the seller.

No. 2: Chesterfield County purchased 41.4 acres at 12800 Genito Road in Chesterfield for $4.5 million from Sue Clements and Patsy Stargardt. Chris Jenkins and Randy Cosby with Commonwealth Commercial Partners represented the seller.

No. 3: Peak Performance Global LLC purchased 6,076 square feet at 5300 Patterson Ave. in Richmond for $1.57 million from Atlantic Union Bank. Will McGoogan with Cushman & Wakefield | Thalhimer represented the seller.

TOP THREE LEASES

No. 1: Patriot Aluminum Products leased 52,875 square feet at 13721 Jefferson Davis Highway in Chesterfield. Isaac DeRegibus with Cushman & Wakefield | Thalhimer represented the tenant.

No. 2: Simplisafe leased 16,015 square feet at 4840 Cox Road in Henrico. Brian K. Berkey and Karla Knight with Cushman & Wakefield | Thalhimer represented the tenant.

No. 3: Kensington Glass Arts leased 12,000 square feet at 8504-8506 Sanford Drive in Henrico. Ben Bruni with Commonwealth Commercial Partners represented the tenant.

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Commonwealth Commercial Completed Eight Transactions this Week

Richmond, VA – July 16, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • AgMKTG, LLC leased 3,635 SF at 3007 W. Clay Street in the City of Richmond.  Ben Bruni and Russell Wyatt represented the Landlord.
  • NDL, Inc. dba Lighting Environments leased 4,251 SF at 3416-3424 W. Clay Street in the City of Richmond.  Ben Bruni represented the Tenant.
  • JD Quality Pouches, LLC leased 5,000 SF at 2050 Val Park Drive in Goochland County.  Tucker Warren represented the Tenant and Ben Bruni and Michael Good represented the Landlord.
  • C&R Consulting LLC leased 995 SF at 5300 Hickory Park Drive in Henrico County.  Eric Hammond and Michael Good represented the Landlord.
  • Hung T. Boi leased 184 SF at 413-421 Stuart Circle in the City of Richmond.  Eric Hammond and Michael Good represented the Landlord.
  • Hicks Properties LLC leased 125 SF at 413-421 Stuart Circle in the City of Richmond.  Eric Hammond and Michael Good represented the Landlord.
  • Your Path Counseling Center, LLC leased 2,080 SF at 9410 Atlee Commerce Boulevard in Hanover County.  Eric Hammond represented the Landlord.
  • 410 Pine Street, LLC purchased 13,060 SF at 207 W. Franklin Street in the City of Richmond from Brooks Franklin Street Limited Partnership for $1,030,000.  Jim McVey, John Thompson and Eliza Izard 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 Two Transactions this Week

Richmond, VA – July 9, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Oh Yeah Inc. d/b/a/ Bell Café leased 2,730 SF at 8319 Bell Creek Road in Hanover County.  Morgan Trible and Michael Morris represented the Landlord.
  • Stratford Professional Offices, LLC purchased an 8,030 SF office building at 6740 Forest Hill Avenue from Stratford Professional Bldg Inc. for $815,000.  Ben Bruni represented the Purchaser and Eric Hammond and 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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Uber co-founder’s ghost kitchen startup buys into Scott’s Addition

Posted on 6/29/2021 by Mike Platania at Richmond BizSense

A ghost kitchen startup from an Uber co-founder has taken a bite out of Scott’s Addition.

Earlier this month an entity tied to City Storage Systems bought the building at 2812 W. Broad St. for $750,000. The one-story, 6,100-square-foot building is just east of the Hofheimer Building.

City Storage Systems is the parent company of Cloud Kitchens, a ghost kitchen startup from Uber co-founder Travis Kalanick.

Kalanick resigned from the ride-sharing company, under pressure from investors, in 2017 as it faced controversies surrounding allegations of sexual harassment and sexism in the workplace.

He then started Cloud Kitchens, which through the ghost kitchen model offers rentable kitchens to restaurateurs for delivery-only business.

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Renovation of Hardywood brewery’s original location plus new residential development make centerpiece of Brewer’s Row

Posted on 6/25/2021 by John Reid Blackwell at Richmond.com

One of the epicenters of the Richmond region’s craft brewing renaissance is starting to undergo a transformation.

Over roughly the next year or so, new apartments and condos will rise in the blocks surrounding Hardywood Park Craft Brewery’s location on Ownby Lane in Richmond, bringing more than 250 residential units to what is now mainly an industrial and office area.

“We are trying to create a community there with Hardywood in the middle,” said Andrew Basham, a principal with Spy Rock Real Estate Group, the Richmond-based company that is developing the project.

With Hardywood at the center and two other breweries — Castleburg Brewery and Main Line Brewery — within walking distance, Spy Rock is calling the development Brewer’s Row.

The new residential development comes as Hardywood itself has undergone a transformation at its Ownby Lane brewery and taproom.

Gone is the original Hardywood building at 2408 Ownby Lane, a former warehouse where brewery founders Eric McKay and Patrick Murtaugh brewed their first small batches of beer in 2011. That building has been torn down and the bare lot is now surrounded by fencing as construction is set to start on one piece of the Spy Rock development, a unit of 36 rental condos.

Immediately adjacent to that lot is a building at 2410 Ownby Lane that Hardywood acquired in 2012.

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Commonwealth Commercial Completed Nine Transactions this Week

Richmond, VA – June 18, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • Graham’s Ice Crea, LLC leased 1,678 SF at 7038 Mechanicsville Turnpike in Henrico County.  Michael Morris and John Thompson represented the Landlord.
  • PHGRE, Inc. leased 2,800 SF at 419 North Ridge Road in Henrico County.  Michael Morris represented the Landlord.
  • Supper Club, LLC leased 2,800 SF at 417 North Ridge Road in Henrico County.  Michael Morris represented the Landlord.
  • Well Into Life, LLC leased 3,464 SF at 2307 N. Parham Road in Henrico County.  Eric Hammond and Tucker Dowdy represented the Landlord.
  • Blanchard Strategy, LLC leased 528 SF at 415 Radford Avenue in Henrico County.  Tucker “Nash” Warren and Eliza Izard represented the Landlord.
  • Riverside Logistic Services leased 40,000 SF at 402 E. Randolph Road in the City of Hopewell.  Chip Louthan and Colton Konvicka represented the Landlord.
  • Professional Moving and Storage leased .25 acres at 4300 Vawter Avenue in Henrico County.  Ben Bruni and Russell Wyatt represented the Landlord.
  • Saiia Construction Company, LLC leased 1,600 SF at 1808 Coyote Drive in Chesterfield County.  Ben Bruni represented the Tenant.
  • Green Leaf Medical, LLC leased 5,636 SF at 3100 W. Cary Street in the City of Richmond.  Jim McVey, Michael Morris 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, 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 Four Transactions this Week

Richmond, VA – June 4, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • 2812 W. Broad Street RVA LLC purchased 6,120 SF at 2812 W. Broad Street in the City of Richmond from Richard & Roslyn B. Blankenship for $750,000.  Ryan Fanelli and Colton Konvicka represented the Seller and Ben Bruni represented the Purchaser.
  • Fitzhugh Building LLC purchased 9,000 SF at 4900-4902 Fitzhugh Avenue in the City of Richmond from Dallan Development, LLC for $1,600,000.  Ben Bruni and Russell Wyatt represented the Seller.
  • Abbott’s Auto Service renewed its 4,596 SF lease at 11008-F and 11008-M West Broad Street in Henrico County.  Jim McVey represented the Landlord.
  • Macemedia, Inc. leased 1,803 SF at 11551 Nuckols Road in Henrico County.  Eric Hammond, Jamie Galanti and Russell Wyatt 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 Three Transactions this Week

Richmond, VA – May 28, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • Jeffrey Lane leased 700 SF at 1321 ½ East Main Street in the City of Richmond.  Eric Hammond represented the Landlord.
  • RMT Investments, LLC purchased 2,932 SF at 611 Moorefield Drive, Suite D in Chesterfield County from W&M Investments, LLC for $277,000.  Colton Konvicka and Ben Bruni represented the Seller.
  • Matthew Richardson purchased 8,500 SF at 2050 Valpark Drive in Goochland County from John D. Joyce, Jr. for $750,000.  Ben Bruni represented the Purchaser and Tucker Warren 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 Six Transactions this Week

Richmond, VA – May 21, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • Blackhawk Advisors, LLC renewed its 1,200 SF lease at 210 S. Railroad Avenue in Hanover County.  Chip Louthan represented the Landlord.
  • Chippenham Ambulatory Surgery Centers leased 15,518 SF at 1115 Boulders Parkway in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Cullop’s Import, Inc. renewed its 1,186 SF lease at 11002 West Broad Street in Henrico County.  Jim McVey represented the Landlord.
  • Freetom Prosthetics leased 1,552 SF at 1321 East Main Street in the City of Richmond.  Eric Hammond represented the Landlord.
  • Manakin Holdings, LLC purchased 246,615 SF at 3001 Cofer Road in the City of Richmond from Cofer Road Properties, LLC for $9,300,000.  Ben Bruni and Russell Wyatt represented the Seller and Ryan Fanelli represented the Purchaser.
  • David A. Trebour Jr. Family Investment Trust purchased 9,750 SF at 1901 Huguenot Road in Chesterfield County from Hemingway Properties, Inc. for $1,060,000.  Eric Hammond 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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