Commonwealth Commercial Completed Ten Transactions this Week

Richmond, VA – July 10, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Family Priority, LLC leased 1,543 SF at 9201 Arboretum Parkway in Chesterfield County.  Russell Wyatt, Jamie Galanti and Eliza Izard represented the Landlord.
  • Compass CPAs of Virginia, LLC leased 3,353 SF at 9201 Arboretum Parkway in Chesterfield County.  Russell Wyatt, Jamie Galanti and Eliza Izard represented the Landlord.
  • Richmond Gastroenterology Associates leased 6,929 SF at 223 Wadsworth Drive in Chesterfield County.  Jamie Galanti and Eliza Izard represented the Tenant.
  • Hopetree Family Services leased 5,900 SF at 1030 Old Bon Air Road in Chesterfield County.  Jamie Galanti and Nash Warren represented the Tenant.
  • Creative Approach leased 2,140 SF at 2819 N. Parham Road in Henrico County.  Eric Hammond and Thomas Lynde represented the Landlord.
  • Kenneth C. Pankey leased 350 SF at 2819 N. Parham Road in Henrico County.  Eric Hammond and Thomas Lynde represented the Landlord.
  • Neurosurgical Associates, P.C. leased 1,785 SF at 8405 North Run Medical in Hanover County.  Russell Wyatt and Eliza Izard represented the Landlord.
  • New Nails & Spa leased 1,400 SF at 1632 Tappahannock Boulevard in Essex County.  Jim McVey represented the Landlord.
  • Central Virginia Dental Care, PLC leased 3,183 SF at 5921 Harbour Lane in Chesterfield County.  Tucker Dowdy represented the Tenant.
  • Acorn Sign & Graphics, Inc. leased 8,470 SF at 10334 Battlefield Parkway in Prince William County.  Russell Wyatt and Ben Bruni 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.

Lingerfelt CommonWealth Sells Class A Office Building in Tampa, Florida

Tampa, FL (July 6, 2020) – Lingerfelt CommonWealth Partners, LLC (LCP), a Richmond, Virginia-based commercial real estate investment firm, today announced the sale of Buschwood III to Continental Capital Partners, a real estate investment company based in Virginia Beach, Virginia, for $10.35 million.

Buschwood III, a two-story, 78,000 square-foot, Class A office building in Tampa, Florida, was 92% leased to a variety tenants including CoAdvantage, BluePearl Veterinary Services, and the GSA as of disposition. Buschwood III was 86% leased when LCP purchased the property in February 2018 for $8.9 million.  The property is located in Tampa’s Northwest submarket with great access to workforce and executive housing, the Westshore district, and the Tampa International Airport.

Commonwealth Commercial Partners (CCP), an affiliated commercial real estate operating firm of LCP (also based in Richmond, VA), has served as the asset and property manager for Buschwood III since the time of LCP’s acquisition, and has been retained for management services for Continental Capital. CCP currently manages a portfolio of properties for Continental Capital totaling approximately 360,000 square feet in Florida alone, and 2.5 million SF nationally.

“We are thrilled to continue our relationship with Continental Capital and this asset in Tampa,” said Scott Holman, Florida Managing Director at Commonwealth Commercial. “We have had the opportunity to work with the last two ownership groups at this project and we look forward to continuing to provide excellent service to the tenants under Continental Capital’s ownership, as well as creating additional value for our client’s new asset.”

More on the company can be found on the web at www.LingerfeltCommonWealth.com.

ABOUT LINGERFELT COMMONWEALTH PARTNERS

Lingerfelt CommonWealth Partners, headquartered in Richmond, VA, is a vertically integrated, full service real estate investment management firm with additional 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. Together with its predecessors in the private sector and public REIT sector, its partners have built, acquired and managed nearly 20 million square feet of commercial real estate valued at approximately $2 billion across the Mid-Atlantic and Southeast. Learn more at www.lingerfeltcommonwealth.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 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 Three Transactions this Week

Richmond, VA – May 22, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Southern Pump and Tank Company, LLC leased 5,332 SF at 10470 Wilden Drive in Hanover County.  Ben Bruni and Randy Cosby represented the Tenant.
  • NMS Glen Allen, LLC purchased 1.379 acres at 10085 Brook Road in Henrico County from North Park Peripheral Associates, LP for $350,000.  Carl Blackwell and Eric Hammond represented the Seller.
  • Staples Mill Investments, LLC purchased 12.7 acres at 10785 Staples Mill Road in Henrico County from Jean L. Willis, et al for $480,000.  Randy Cosby and Chris Jenkins 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 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.

Four Commonwealth Commercial Brokers Come Out on Top in Commercial Real Estate Deal-Making Competition

Four Commonwealth Commercial Brokers Come Out on Top in Commercial Real Estate Deal-Making Competition

May 1, 2020 – Richmond, VA – CoStar Group, the data/analytics leader of the commercial real estate industry, announced the Power Brokers Quarterly Deals winners in Richmond for the first quarter of 2020. Commonwealth Commercial came out on top in the list of winners in Richmond. Power Brokers Quarterly Deals winners are determined by the top reported deals every quarter, based on price and square footage.

In the Top Office Leasing Deals category, Russell and Tucker secured a tenant for 16,276 sf of office space at 840 Hermitage Road.

For the Top Retail Leasing Deals category, 2400 Magnolia Court made the list. Ben Bruni and Russell Wyatt represented the Landlord and Carl Blackwell represented the Tenant in this transaction.
Please help us congratulate Russell, Tucker, Ben & Carl on their Power Broker Quarterly Deals win for the first quarter of 2020 in Richmond.

For more information, visit: https://www.costarpowerbrokers.com/quarterly-deal-winners/

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.

CCP Awarded Property Management of Hampton Oaks Business Park in Tampa, FL

CCP Awarded Property Management of Hampton Oaks Business Park in Tampa, FL

On March 11, Scott Holman announced that CCP has been awarded the property management of Hampton Oaks Business Park in Tampa, FL. This 260,000 square foot project is centrally located in Tampa’s East Side submarket at the intersection of Interstate 4 and U.S. Highway 301. The property consists of six high-quality single-story office/flex buildings and is currently 95% leased to tenants including Verizon, Century Link, Rooms-to-Go and Direct Insurance.

Boston-based Albany Road acquired the property from an affiliate of Alidade Capital on March 3, 2020. This assignment represents an expansion of CCP’s Albany Road relationship here in Florida, on the heels of the Meridian Concourse project which was awarded in December 2019.

The entire CCP transition team did a great job with the setup of this project, allowing for seamless integration with the client and the tenants. Congratulations to all on this new assignment!

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.

CCP Awarded Management of Second Building in The Sauer Center

CCP Awarded Management of Second Building in The Sauer Center

On March 26, 2020, Adam Megenity, CCP-Richmond, announced that Commonwealth Commercial Partners has been awarded the property management of the second building located in Richmond’s newest, urban mixed-use development. This 27,000 sq. ft. Class A office asset is finishing up a historic tax credit renovation and is the next step in this ever-growing project. We are excited to be chosen as the service provider in this game-changing project for downtown Richmond. CCP has also been retained for the brokerage of this asset and the building already 77% leased! Finally, our Asset Management team was recently awarded the asset management of this project. What a fantastic outcome when three of CCP business lines can work on the same asset!

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 Five Transactions This Week

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

  • Gresham Smith leased 8,411 SF at SunTrust Center, 919 E. Main Street in the City of Richmond.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Neofect USA Inc. leased 3,847 SF at 7400 Beaufont Springs Drive in Chesterfield County.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Crème de la Crème Virginia LLC leased 1,709 SF at 3158A West Cary Street in the City of Richmond.  Jim McVey represented the Landlord.
  • Iglesia Del Nazareno Casa De Mi Padre purchased a 4,342 SF building at 4000 Stigall Drive in Chesterfield County from Episcopal Diocese of Southern Virginia for $322,000.  Nash Warren and Randy Cosby represented the Seller.
  • Lanphear LLC purchased 1.304 acres at 1400 Steeplestone Drive in Chesterfield County from HHHunt for $130,000.  Ryan Fanelli and Sam Worley 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.