Industrial building in Ashland sells for $2.7M

Posted on 7/31/2020 by Sydney Lake at Virginia Business

An industrial building in Ashland has sold for $2.756 million, Glen Allen-based commercial real estate company Commonwealth Commercial Partners LLC announced Wednesday.

Located at 11250 Hopson Road, the 52,500-square-foot building sits on more than 3.6 acres of land. TMC Properties LLC (doing business as Green Air Inc., The Duct Shop and Evolve Air Systems) purchased the property from Gloria Sydnor in a transaction that closed July 23. Colton Konvicka and Nate Krey of Commonwealth Commercial Partners represented the buyer and Kevin Cox of Porter Realty Co. Inc. represented the seller.

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COMMONWEALTH COMMERCIAL FACILITATES $2.7 MILLION OFF-MARKET INDUSTRIAL TRANSACTION

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale at 11250 Hopson Road in Ashland, VA. This property consists of a 52,500± SF industrial building situated on 3.67± acres. Colton Konvicka and Nate Krey of Commonwealth Commercial represented the purchaser, TMC Properties, LLC dba Green Air, Inc/The Duct Shop/Evolve Air Systems. Kevin Cox of Porter Realty Company represented the seller, Gloria Sydnor. This transaction closed on July 23, 2020 for $2,765,000.

Green Air, Inc. will move from its current office to occupy 28,000± SF of this property, doubling their existing space to accommodate their business growth. They plan to implement extensive capital improvements, while maintaining the long-term lease of the existing single tenant of the residual 24,500± SF. This sale was an owner occupant/investment, reverse 1031 exchange for 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 Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Houston TX, Kansas City MO, St. Louis MO, Columbus OH, and Minneapolis MN. 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 Ten Transactions this Week

Richmond, VA – July 1, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Crystal Alvis leased 700 SF at 6500 Harbor View Court in Chesterfield County.  Eric Hammond represented the Landlord.
  • Douglas S. Belt, DDS leased 1,013 SF at 5700 Old Richmond Avenue in Henrico County.  Tucker Dowdy and Mark Claud represented the Landlord.
  • Spectra Services, Inc. leased 9,000 SF at 12662 Bermuda Triangle Road in Chesterfield County.  Ben Bruni and David Williams represented the Landlord.
  • Designer Services, LLC leased 25,000 SF at 5611 Pride Road in the City of Richmond.  Ben Bruni and Colton Konvicka represented the Landlord.
  • AG Essence leased 6,600 SF at 5350 Lewis Road in Henrico County.  Ben Bruni and Russell Wyatt represented the Tenant.
  • The Sygma Network, Inc. leased 1,500 SF at 1503 Fauver Avenue in Henrico County.  Ben Bruni and Colton Konvicka represented the Landlord.
  • Buffalo Distro Inc. leased 15,384 SF at 4444 Sarellen Road in Henrico County.  Eric Hammond represented the Tenant.
  • Fiber Technologies Solutions, LLC subleased 6,000 SF at 2401 Road in Charles City County.  Ben Bruni represented the Sublandlord.
  • Megawash, LLC purchased 9.44 acres on US Route 1 in Hanover County from Pence Holdings, Inc. for $700,000.  Ben Bruni and Ryan Fanelli represented the Purchaser.
  • Bermuda Energy, LLC purchased 16.35 acres at 201 Bermuda Road in the City of Richmond from Tredegar Asset Management, LLC for $200,000.  Ryan Fanelli and Nate Krey 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 – May 22, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Sweetie Boy Home Delivery, LLC leased 3,600 SF at 16007 Continental Boulevard in Chesterfield County. Ben Bruni and Colton Konvicka represented the Landlord.
  • Virginia School of Technology, Inc. leased 46,853 SF at 2000 Westmoreland Street in Henrico County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • SMN Square Inc. dba Precise Business leased 4,692 SF at 710 Perry Street in the City of Richmond. Kit Tyler and Tucker Warren represented the Landlord.
  • Fauver Avenue Partners, LLC purchased 12,582 SF on 2.3 Acres at 1503-1505 Fauver Ave. and 8792 Old Mountain Road in Henrico County from Mountainbrook Properties, LLC/K&S Properties, LLC for $950,000. Ben Bruni and 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, 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 Five Transactions this Week

Richmond, VA – May 15, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Elite Chimney Services DBA Cougots leased 3,450 SF at 6290 Old Warwick Road in the City of Richmond.  Ryan Fanelli and Colton Konvicka represented the Landlord.
  • AT HOME Care Staffing leased 1,145 SF at 5700 Old Richmond Avenue in Henrico County.  Tucker Dowdy and Mark Claud represented the Landlord.
  • Restaurant Technologies, Inc. leased 12,850 SF at 5600-5602 Charles City Circle in Henrico County.  David Williams represented the Tenant.
  • Lonesome Dove Bell Creek, LLC purchased 8,100 SF office condo at 7501 Right Flank Road in Hanover County from 7501 Right Flank, LLC for $2,100,000.  Russell Wyatt and Tucker Dowdy represented the Seller.
  • Stosch, Dacey & George PC leased 1,042 SF at 7113 Three Chopt Road in Henrico County.  Fred Plaisted 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, 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 Two Transactions this Week

Richmond, VA – April 24, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • RKKCC, LLC leased 4,224 SF at 14360 Sommerville Court in Chesterfield County.  Tucker Dowdy represented the Landlord.
  • Williamsburg Beds, LLC purchased 26,190 SF at 5611 Pride Road in the City of Richmond from Southside Improvements, Inc for $950,000.  Ben Bruni, Colton Konvicka and Carl Blackwell represented both sides in this transaction.

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 – April 17, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • W.V. McClure, Inc. purchased 20 acres at 11300 Ironbridge Road in Chesterfield County from Riley Lowe for $1,100,000.  Chris Jenkins and Randy Cosby represented the Seller.
  • Richmond Times Dispatch renewed 10,000 SF at Ruffin Mill Center, 16067-16071 Continental Boulevard in Chesterfield County.  Ben Bruni and Colton Konvicki represented the Landlord.
  • MasTec North America, Inc. leased 19,156 SF at 2400 Maury Street in the City of Richmond.  Ben Bruni and Colton Konvicki represented the Tenant.
  • Riverside Counseling and Consulting, LLC leased 924 SF at 4 South 1st Street in the City of Richmond.  Eric Hammond 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, 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.

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 Three Transactions this Week

Richmond, VA – October 25, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Degollado, LLC leased 4,420 SF at 13561 Midlothian Turnpike in Chesterfield County.  Michael Morris represented the Landlord.
  • Summit Human Capital leased 2,211 SF at 2201 W. Broad Street in the City of Richmond.  Colton Konvicka represented the Tenant.
  • Embellish Hair Studio, LLC leased 1,020 SF at 13547 Midlothian Turnpike in Chesterfield County.  Michael Morris 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 Completed Three Transactions this Week

Richmond, VA – September 6, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Acorn Sign Manufacturing, Inc. leased 7,300 SF at 4100 West Clay Street in Henrico County.  Ben Bruni and Russell Wyatt represented the Tenant.
  • Acorn Sign Manufacturing, Inc. leased 12,040 SF at 4109 West Clay Street in Henrico County.  Ben Bruni and Russell Wyatt represented the Tenant.
  • Hobbs & Associates, Inc. leased 14,626 SF at 5400 Byrdhill Road in Henrico County.  Ben Bruni and Colton Konvicka 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, 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.