Commonwealth Commercial Completed Five Transactions this Week

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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.

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Commonwealth Commercial Completed Three Transactions this Week

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

  • Hilb and Partners, LLC leased 1,800 SF at 11201 Patterson Avenue in Henrico County.  Tucker Dowdy and Ryan Fanelli represented the Landlord and Russell Wyatt represented the Tenant.
  • Manakin Investments, LLC purchased 1.027 acres at 10420 Ridgefield Parkway in Henrico County from Richfield Outparcels, LLC for $440,000.  Ben Bruni represented the Purchaser.
  • 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, Ben Bruni and Russell Wyatt 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.

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Commonwealth Commercial Completed Three Transactions this Week

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Richmond, VA – September 13, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Epoch Furnishings LLC leased 3,550 SF at 6290 Old Warwick Road in the City of Richmond.  Ryan Fanelli and Chris Jenkins represented the Landlord.
  • Parham East Day Support, LLC renewed its 1,665 SF lease at 8653 Staples Mill Road in Henrico County.  Fred Plaisted and Sam Worley represented the Tenant.
  • Red Crab, LLC leased 8,000 SF at 3244 Riverside Drive in the City of Danville.  Carl Blackwell 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.

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Commonwealth Commercial Completed Eleven Transactions This Week

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Richmond, VA – July 19, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Caitlin Robertson, LCSW renewed her 287 SF lease at 6720 Patterson Avenue in the City of Richmond.  Tucker Dowdy represented the Landlord.
  • Letitia D. Brown, LCSW renewed her 298 SF lease at 6720 Patterson Avenue in the City of Richmond.  Tucker Dowdy represented the Landlord.
  • Dr. James E. Sellman, MD & Associates PC renewed its 1,617 SF lease at 6720 Patterson Avenue in the City of Richmond.  Tucker Dowdy represented the Landlord.
  • TPS Enterprises, LLC renewed its 825 SF lease at 3030 Stony Point Road in Chesterfield County.  Tucker Dowdy represented the Tenant.
  • Sleeping Dog, Ltd. Renewed its 8,100 SF lease at 1329 E. Cary Street in the City of Richmond.  Kit Tyler represented the Landlord.
  • The Shedd, LLC leased 10,000 SF at 2405 Granite Ridge Road in Goochland County.  Ben Bruni and Colton Konvicka represented the Landlord and Tenant in a designated agency.
  • Julienne Brown dba EMPower Athletic, LLC leased 1,522 SF at 4801 Hermitage Road in Henrico County.  Jim McVey and John Thompson represented the Tenant.
  • AWV Acquisition Corporation renewed its 11,263 SF lease at 2201-2245 Tomlynn Street in Henrico County.  Russell Wyatt and Ben Bruni represented the Tenant.
  • The Happy Chef leased 2,862 SF at Sine Building, 1323-1333 E. Cary Street in the City of Richmond. Kit Tyler represented the Landlord.
  • Boys & Girls Clubs of Metro Richmond leased 2,687 SF at 1330 N. 25th Street I the City of Richmond. Fred Plaisted represented the Tenant.
  • MWD Ashland LLC purchased 0.68 acres at 200 N. Washington Highway in Hanover County from Tompkins Properties, LLC for $550,000. Chris Jenkins 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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Reading PA, Kansas City MO 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

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Richmond, VA – December 21, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Richmond Eye Associates, P.C. renewed its 8,409 SF lease at 4600 Cox Road in Henrico County.  Russell Wyatt and Jamie Galanti represented the Tenant.
  • The Twisted Magnolia leased 1,881 SF at 3148 W. Cary Street in the City of Richmond.  Jim McVey represented the Landlord.
  • Spectrum Paint East, LLC renewed its 16,250 SF lease at 4307 W. Broad Street in the City of Richmond.  Jim McVey represented the Landlord.
  • O’Reilly Automotive Stores, Inc. purchased 3.106 acres in Mecklenburg County for $300,000 from Angelia D. Howell.  Michael Morris and Jim McVey represented the Seller.
  • Hanover Village Self Storage, LLC purchased 5.6 acres on Lee Davis Road in Hanover County for $950,000 from Riverstone Properties, LLC.  Randy Cosby and Chris Jenkins represented the Purchaser.
  • North Lake RV, LLC purchased 2.6 acres at 12285 Harley Club Drive in Hanover County for $452,000 from Nexus Land Management LLC.  Ryan Fanelli 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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Reading PA, Kansas City MO 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

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Richmond, VA – December 7, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • 1525 N. Commerce Ave LLC purchased a 6,521 SF building at 2403 West Main Street in the City of Richmond from David W. Madren and Lisa M. Madren for $875,000.  Ben Bruni and Russell Wyatt represented the Purchaser.
  • New Millennium Senior Living Communities, LLC purchased 10.6 acres at North Gayton and Pouncey Tract Roads in Henrico County from Bacova Texas, LLC for $101,435.00.
  • Berk and ALP LLC purchased 25.22 acres at Route 60 and County Line Road in Powhatan County from JMS Investments, LLC and Oakbridge Corporation for $2,100,000.  Joe Buhrman, Bill Barnett and Chris Jenkins represented the Seller.
  • Fence Me In and Decks Too, LLC leased 6,000 SF at 70 Carnation Street in the City of Richmond.  Morgan Trible represented the Tenant.

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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Reading PA, Kansas City MO 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

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Richmond, VA – November 9, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Graham Real Estate LLC purchased a 49,200 SF, 331 unit self-storage building at 9285 Cool Spring Road in Hanover County for $3,880,000.  Randy Cosby and Chris Jenkins represented the Purchaser.
  • HHHunt Homes LLC purchased 10 residential lots in Wellspring in Chesterfield County for  $600,000.  Ryan Fanelli and Sam Worley represented the Purchaser.
  • Joshua Cornett purchased 9,800 SF at 9315 Pocahontas Trail in New Kent County for $570,000.  Joe Buhrman and Ben Bruni represented the Seller.
  • Dolgencorp LLC renewed its 8,310 SF lease at 9161-A Atlee Road in Hanover County.  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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Reading PA, Kansas City MO 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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Generational Development Property, Watkins Centre, Hits The Market

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Posted on 8/7/2018 by PR Newswire

RICHMOND, Va., Aug. 6, 2018 /PRNewswire/ — Commonwealth Commercial Partners is pleased to announce the award of brokerage services for Watkins Centre, a 285± acre tract slated for mixed-use development opportunities, located on Route 60, directly southwest of its intersection with Route 288. The property will be represented by a team of brokers to include: Bill Barnett, Joe Buhrman, Jamie Galanti, Chris Jenkins, Michael Morris, Nate Krey, and Eliza Izard.

Owned by Watkins Land, LLC, this tract is an integral part of the larger 786-acre Watkins Centre development, which includes Westchester Commons, across Route 60 from the property, and Bon Secours, PIEtech and The Pearl at Watkins Centre which are directly adjacent to the property. The tract is zoned for a mix of office space, light industrial, medical clinic, a maximum of 450 multi-family residential units, community/neighborhood business uses, and recreational amenities. The intent is to allow the market to create a true mixed-use development, with an appropriate mix of residential, retail and office.

Bill Barnett, Senior Vice President and Partner of Commonwealth Commercial, remarked, “The Watkins Centre community is destined to be the strategic Downtown of Midlothian.  Chesterfield County has just expanded permitted uses to include multifamily, retail/entertainment, hospitality and office in a walkable setting. This presents an exciting opportunity for businesses that may not have considered this area before now. Chesterfield County as a whole will benefit for decades to come.”

“Watkins Land is particularly enthusiastic about the relationship with Commonwealth Commercial and their goal of a coordinated plan of development for the balance of Watkins Centre,” commented John Watkins, manager for Watkins Land LLC, which owns Watkins Centre.  “They have a team of professionals that bring experience in all facets of industrial, commercial, retail and entertainment development. This, coupled with the remaining land available and its superior location, makes Watkins Centre the ‘Place To Be’ in Chesterfield County, Virginia.”

Charlottesville-based Castle Development Partners has a portion of the land under contract with plans to construct a $90 million, 450-unit apartment project along Watkins Centre Parkway. “We believe Watkins Centre has enormous potential to become a true mixed-use development with regional employment opportunities, local shops and restaurants, as well as a luxury residential community,” said Andy McGinty, Principal of Castle Development Partners. “The location of the property and the timing of these projects couldn’t be better. We are very excited to be a part of the ongoing growth and development of this submarket.”

This project joins a large pipeline of residential projects proposed in the immediate area, with over 2,000 apartments proposed or under construction in the Midlothian corridor. The growing labor force in the immediate area and the limited office space supply suggests strong fundamentals for new office construction. Coupled with the nearby River City Sportsplex, which hosts national lacrosse, field hockey and soccer tournaments on an annual basis, and the proposed 105-acre waterpark, there is an exceptional opportunity for hospitality and retail as well. Watkins Centre has excellent road frontage to Route 60 and quick access to Route 288, which allows for significant visibility. It is ideally situated in the submarket of Midlothian with the highest per capita income in the Richmond MSA.

For additional information on the proposed development, such as site plans, allowed uses, and up to date project information, visit WatkinsCentreProperty.com.

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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Houston TX, Reading PA and Kansas City MO. 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.

SOURCE Commonwealth Commercial Partners

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Canada-based developer buys into Powhatan

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Posted on 7/25/2018 by Jonathan Spiers at  Richmond BizSense

A global land development company based in Canada is entering the local market with a deal in Powhatan County that could result in hundreds of new homes.

Calgary-based Walton Global Investments closed Friday on its purchase of a 74-acre tract on the south side of U.S. 60 between the Holly Hills area and Oakbridge Business Park, about a mile west of Windy Hill Sports Complex and Westchester Commons.

The purchase price was $1.15 million, said Randy Cosby, a broker with Commonwealth Commercial who worked the deal with colleague Chris Jenkins.

The transaction had not been recorded with the county assessor’s office as of Tuesday. The latest county assessment valued the land at $926,000, according to Powhatan property records.

Cosby said he has plans for the Powhatan property, and that development could include as many as 300 homes with a variety of types, including townhomes and single-family houses. He said the county’s land-use plan also calls for a commercial component, and the development would include walking trails and parks.

Continue reading the full article

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Canada-based developer buys into Powhatan

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Posted on 7/25/2018 by Jonathan Spiers at Richmond BizSense

A global land development company based in Canada is entering the local market with a deal in Powhatan County that could result in hundreds of new homes.

Calgary-based Walton Global Investments closed Friday on its purchase of a 74-acre tract on the south side of U.S. 60 between the Holly Hills area and Oakbridge Business Park, about a mile west of Windy Hill Sports Complex and Westchester Commons.

The purchase price was $1.15 million, said Randy Cosby, a broker with Commonwealth Commercial who worked the deal with colleague Chris Jenkins.

The transaction had not been recorded with the county assessor’s office as of Tuesday. The latest county assessment valued the land at $926,000, according to Powhatan property records.

Continue reading the full article

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