SIGNAL HILL APARTMENTS SELLS FOR $7.6 MILLION

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of the 68-unit Signal Hill Apartments and 1-residential house located at 8111 Signal Hill Road in Mechanicsville, VA. The property was deemed attractive because of its solid construction, excellent hands-on management and the dearth of multifamily product available in Hanover County. The residence/office is an up-to-date four-bedroom, three full bath house which will be a rental, with a separate management office to be used by the new ownership.

The property was placed on the market in the Fall of 2019 and the purchaser, an affiliate of Peak Strategic Capital from Washington, D.C., was selected competitively from a number of qualified prospects hailing as far away as California and New York. The new buyer bought the apartments with Freddy Mac financing.

Bruce Milam, Chip Louthan, and Colton Konvicka of Commonwealth Commercial represented the Seller. This property closed on March 26th, 2020 and sold for $7.6 million.

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, Charleston SC, Kansas City MO, St. Louis MO, Minneapolis MN, Columbus OH, and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

To learn more, visit www.commonwealthcommercial.com.

Commonwealth Commercial Completed Five Transactions this Week

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

  • Movement Mortgage leased 1,724 SF at 9401 Courthouse Road in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Commonwealth Community Trust Endowment Fund leased 2,275 SF at 3751-D Westerre Parkway in Henrico County. Tucker Dowdy and Russell Wyatt represented the Landlord.
  • Crystal Ice Corporation leased 2,360 SF at 3007 W. Clay Street in the City of Richmond. Ben Bruni and Russell Wyatt represented the Landlord.
  • #1 A LifeSafer Distribution, Inc. leased 2,194 SF at 2600 E. Parham Road in Henrico County. Chip Louthan represented the Landlord.
  • Kidd and Co., Inc. purchased 76.15 acres at 12174 Washington Highway in Hanover County from Barnes Family, LLC for $1,200,000.  Chris Jenkins, Randy Cosby, Russell Wyatt and Ben Bruni 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, Charleston 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.

Commonwealth Commercial Completed Four Transactions this Week

Richmond, VA – November 1, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Homestead Materials Handling leased 4,000 SF at 2416 Lanier Road in Goochland County. Ben Bruni represented the Landlord.
  • Little Bean Coffee Company, LLC leased 1,985 SF at 7032 Mechanicsville Turnpike in Hanover County. Michael Morris and John Thompson represented the Landlord.
  • Locke Supply Company leased 60,000 SF at 2300 Westmoreland Street in Henrico County. Chip Louthan and David Williams represented the Landlord.
  • CapFs leased 1,200 SF at 6500 Harbour View Court in Chesterfield County. 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, Charleston SC, Reading PA, 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.

Commonwealth Commercial Recently Completed Twelve Transactions

Richmond, VA – October 18, 2019 – Commonwealth Commercial Partners, LLC is pleased to report recently completed transactions.

  • Carlis Ventures, LLC purchased a 3,400 SF office condo at 2620 Gaskins Road in Henrico County from Railey Hill Associates, LLC for $815,000.  Tucker Dowdy and Russell Wyatt represented the Seller.
  • Riverhaus Richmond VA LLC purchased 2.2 acres on Stonewall Avenue in the City of Richmond from NR Manchester for $1,900,000.  Ryan Fanelli and Sam Worley represented the Seller.
  • Four Rivers Wealth Management leased 1,742 SF at 14360 Sommerville Court in Chesterfield County.  Tucker Dowdy represented the Landlord.
  • Select Recovery Agents, Inc. leased 6,000 SF at 12270 Maple Street in Ashland.  Chip Louthan represented the Landlord.
  • Harris Williams Dental Lab, Inc. leased 1,235 SF at 5700 Old Richmond Avenue in Henrico County.  Tucker Dowdy and Mark Claud represented the Landlord.
  • LPH, LLC leased 10,992 SF at 3101 Northside Avenue in Henrico County.  Ben Bruni and Russell Wyatt represented the Landlord.
  • Humble Haven Yoga, LLC leased 1,780 SF at 6980 Forest Avenue in Henrico County.  Michael Morris represented the Tenant.
  • Managed Health Care Associates, Inc. leased 4,378 SF at 7400 Beaufont Springs Drive in Chesterfield County.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Subway Real Estate, LLC leased 1,844 SF at 3238 Riverside Drive in Danville.  Carl Blackwell represented the Landlord.
  • Duncan Parnell, Inc. leased 3,019 SF at 305 Ashcake Road in Hanover County.  Fred Plaisted represented the Tenant.
  • Building Services Group leased 34,000 SF at 5123 Glen Alden Drive in Henrico County.  Ben Bruni and Russell Wyatt represented the Landlord.
  • Elite Metro Corp. renewed its 1,175 SF lease at 616 Hull Street in the City of Richmond.  Michael Morris and Jim McVey 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, Charleston SC, Reading PA, 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.

Harrison & Bates sextet, including CEO, headed for Commonwealth Commercial

Posted on 4/24/2019 by Michael Schwartz at Richmond Bizsense

Another group of brokers from Harrison & Bates, the local commercial real estate firm that is winding down its operations, has found a safe place to land.

CEO David Williams, along with Steve Gentil, Kit Tyler, Bruce Milam, Chip Louthan and Colton Konvicka, are joining Commonwealth Commercial.

Commonwealth Commercial CEO Mark Claud on Wednesday announced the moves at the company’s annual real estate forum, held at the Westin Richmond at Reynolds Crossing.

They’ll start with Commonwealth Commercial on June 1, working out of the firm’s office in Innsbrook.

That leaves about a half-dozen or so remaining brokers from Harrison & Bates on their own to find a new brokerage to call home after the firm announced this month it would cease operations largely as of May 31.

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Six brokers leaving Harrison & Bates real estate firm to join Commonwealth Commercial Partners

Posted on 4/24/2019 by Gregory Gilligan at Richmond Times-Dispatch

Six top brokers from Harrison & Bates are joining a rival commercial real estate brokerage.

The six — including David M. Williams, the president and CEO of Harrison & Bates; and Steve Gentil, the firm’s chairman who has been a broker since 1980 — are joining Henrico County-based Commonwealth Commercial Partners.

Five of the six will become senior vice presidents of Commonwealth Commercial and one will be a sales and leasing associate. They will join the company June 1.

Besides Williams and Gentil, joining Commonwealth Commercial are Chip Louthan, Bruce Milam and Kit Tyler as senior vice presidents and Colton Konvicka as a sales and leasing associate.

“They are an established brand in the industry,” Mark Claud, the founder and CEO of Commonwealth Commercial, said about the new brokers.

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