CCP Awarded Facilities Management for Matan Companies’ Northlake II Industrial Park

Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., is pleased to announce that we have been awarded the facilities management for Matan Companies’ Northlake II, a new industrial park in Ashland, Virginia.

Upon the completion of construction, Northlake II will be comprised of four state-of-the-art industrial buildings with a combined footprint of 547,000 square feet. This property is situated on roughly 35 acres along the I95 corridor in the 12000 block of Harley Club Drive, which offers easy access and visibility for businesses seeking a strong presence in the region.

“We are thrilled for this opportunity to bring our services to Matan Companies and begin a long-lasting relationship,” said Adam Megenity, Senior Vice President/Partner, Commonwealth Commercial Partners. “Together, we are committed to creating a thriving hub for businesses, enhancing economic growth, and contributing to the overall prosperity of Ashland, Virginia.”

Matan Companies has built a reputation for offering a comprehensive range of strategic services and owning assets in key markets. The collaboration between Commonwealth Commercial Partners and Matan Companies promises to add unparalleled value to tenants and stakeholders.

With the construction of the first 3 buildings complete, Commonwealth Commercial Partners looks forward to leveraging its expertise in facilities management to ensure seamless operations, elevate tenant experiences, and drive success for businesses housed within Northlake II.

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

Northlake II

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CCP Wins Property Management for New Building Specializing in Veterinary Emergency Medicine

Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., has been awarded Property Management for a new Medical Office Building in Goochland, Virginia. Located at 1616 Three Chopt Road, this 19,000 +/- square feet asset is situated in the far West End with proximity to multiple interstates.

This newly constructed, single-tenant building will be designed to cater specifically to the needs of veterinary emergency medicine. Equipped with cutting-edge technology, this new medical office space will specialize in advanced services such as oncology and imaging.

“We are excited to have the opportunity to collaborate with this client, who not only aligns with our core values but also will be providing an important service in the area.” Shared Adam Megenity, Senior Vice President/Partner, Commonwealth Commercial Partners. “We are eager to bring our expertise and dedication to enhancing the property’s value and provide a seamless experience for our client.”

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

Goochland Medical Office Rendering

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CCP has been awarded the Property and Asset Management of One Independence Park in Tampa, FL

Commonwealth Commercial Partners, LLC (CCP) has been awarded the Property and Asset Management of One Independence Park in Tampa, FL. The 115,000 square foot office building is in the Westshore district with close proximity to Tampa International Airport and Veterans Expressway.

The building sits on 9.2 acres and is fully leased to Wipro and HealthPlan Services Inc. The business plan includes management of both Healthplan Services and WiPro’s ongoing tenant buildout projects and delivery of monthly investor distributions upon the asset’s stabilization.

“We have successfully onboarded an expansive portfolio of 50 properties for this client across the nation in 2022. This new assignment is a result of our growing relationship with their team.” Shared Scott Holman, Managing Director of Florida and Georgia. “There has been a tremendous amount of work from numerous individuals who have fostered the relationship that continues to bring more assignments our way.”

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

One Independence Park

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Virginia’s Future: Top 3 Takeaways from the 2023 Commercial Real Estate Forum

Competitive tax rates. World class supply chain solutions. Ongoing investments in clean, renewable energy. We have a lot going for us in Virginia. Yes, Commonwealth Commercial Partners is a Virginia-based company, so we may be biased. But hearing from our speakers at the 2023 Commercial Real Estate Forum on April 27 really renewed our excitement for our Commonwealth and gave us all an opportunity to reflect on the amazing things happening across Virginia.
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Presented by Commonwealth Commercial Partners, this year’s Forum topic focused on the future of Virginia in terms of infrastructure investment and economic development. We welcomed three speakers, each of whom is incredibly knowledgeable in their field: the Honorable R. Brian Ball, attorney and partner at Williams MullenChris Gullickson, Director, Development and Transportation Policy at The Port of Virginia; and Emil Avram, Vice President-Business Development at Dominion Energy. Following the speaker presentations was a Q&A-style panel moderated by T. Preston Lloyd, Jr., Partner at Williams Mullen.

 

Here are the top three takeaways our team walked away with from this year’s Forum:

  1. Virginia has important tools to help companies succeed.

What makes Virginia an attractive place to do business? To start, “the natural amenities here are second to none,” said Ball. He raved about our roads, rails, ports, schools and more before diving into some of the pro-business incentives we’ve had in place for decades. Virginia has remained at the same tax rate of 6% since 1972; a sign of security and stability, says Ball. “We pay all our bills; we have a AAA-bond rating. I can’t tell you how important that is for companies coming from overseas. They want to know we are a stable place to work.”

2. Our own Port of Virginia is the top performing port in North America.

The Port of Virginia boasts six terminals across Virginia, its primary business being the transportation of shipping containers. It is considered the top performing port in North America, a model in terms of supply chain management, marine terminal operations, and technology integration. “Our advanced, semi-automated container handling facilities are efficient, cost-effective, and safer operations, able to rapidly move freight from the water into commerce,” said Gullickson. The Port of Virginia also has its eye on renewable energy – specifically wind energy through the Portsmouth Marine Terminal – and aims to operate with net zero carbon emissions by 2040.

3. Electric demands in Virginia are forecasted to grow 5% annually, amongst the highest in the nation.

Virginia has some of the lowest electric rates in the nation, helping attract new businesses. One such business booming in Virginia are data centers, or facilities that centralize a company’s IT operations and equipment. Northern Virginia is the largest data center market in the U.S., demanding significant power consumption. “Data centers take lot of energy,” said Avram. “There are a number of servers packed into small spaces that require cooling, HVAC, and power to operate.” Dominion is answering the call for electricity through renewable sources and new technology. The wind farm currently being built off the coast of Virginia Beach is slated to be the largest of its kind in the U.S., and small modular nuclear reactors are being considered in locations across the Commonwealth.

A huge thanks to our Forum speakers this year, as well as to all of our attendees and our sponsors: ARCO Design/BuildAtlantic Union BankBowman ConsultingC&F BankCoStar GroupKeiter CPAsKensington Vanguard National Land Services, LLC.Scott InsuranceSMBW, PLLC, Specified Commercial Flooring, and Williams Mullen.

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Commonwealth Commercial Names 2022 Award Winners

We had a wonderful time honoring the hard work and accomplishments of Commonwealth Commercial Partners, LLC‘s employees at our 2022 Annual Company Awards Ceremony at The Park in Richmond, Virginia. The event was a true celebration of the hard work, dedication, and commitment our employees bring to our company. Their contributions have been exceptional and have helped us reach new heights, and we are truly grateful for everything they do.

We would like to extend a special congratulations to all the award winners! Your achievements were truly outstanding, and we are proud to have you as part of our team!

William Bynum – DCP
Liz Kelley
Jamie Young
Samantha M. Buck
Taylor Fodill
David Cheek
Scott Holman

2022 Awards

2022 Awards

2022 Awards

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Seminole Trail Named 2023 Sale/Acquisition CoStar Impact Award Winner

RICHMOND, VA, UNITED STATES, April 5, 2023/EINPresswire.com/ — Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., was awarded the 2023 Sale/Acquisition CoStar Impact Award for their work on the Seminole Trail deal. Craige Pelouze, of CCP, brokered the sale. Winners—chosen for their growth, diversification, and ability to overcome unique challenges in their particular markets—were selected from a panel of more than 750 industry professionals drawn from each respective market.

In addition to brokering the sale with Seminole Trail Management, CCP will also handle the leasing services for the 11 properties located in three of Richmond’s premier submarkets: Innsbrook, Glenside/Broad, and Short Pump Town Center. CCP has also retained property management for the portfolio.

Featuring a variety of architectural styles, the Class A office buildings in Henrico County total approximately 726,000 square feet in locations that are home to more than 100 tenants that range from small family offices to Fortune 500 companies. Large notable tenants include Northwestern Mutual, Scott Insurance, Patient First, and Suez North America.

“This is an important assignment for us and we look forward to enhancing our partnership with Seminole Trail,” said Mark Claud, CEO of Commonwealth Commercial. “We are fortunate to have this longstanding relationship with them through our property management team and are excited to have the opportunity for our leasing team to reposition these premier assets in the marketplace.”

CCP’s leasing team for this portfolio of properties includes Senior Vice President and Partner, Russell Wyatt, First Vice President, Eric Hammond and Senior Associate, Eliza Izard. To learn more about the CoStar Impact Awards and review the full list of winners, visit www.costarimpactawards.com/.

2023 Costar Impact Awards

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Sales and Leasing Transactions announced in Richmond, VA

Hamlet Watkins Centre purchased 30 acres at Watkins Centre Parkway and East West Road in Chesterfield for $4.5 million from Watkins Land LLC. Commonwealth Commercial Partners’ Chris JenkinsJoe Buhrman, and Bill Barnett represented the seller and Randy Cosby represented the buyer.

Ortho Watkins Building LLC purchased 8.551 acres at Watkins Centre Parkway and East West Road in Chesterfield for $2.7 million from Watkins Land LLC. Bill BarnettJoe Buhrman and Chris Jenkins with Commonwealth Commercial Partners represented the seller.

Raymond Engineering- Georgia Inc. leased 3,006 square feet at 7130 Glen Forest Drive in Henrico. Eric HammondEliza Izard, and Russell Wyatt represented the landlord and Tucker Dowdy and Ben Boykin represented the tenant.

Burton & Associates leased 2,471 square feet at 4198 Cox Road in Henrico. Eric HammondEliza Izard, and Russell Wyatt represented the landlord.

Safe Haven Security Services leased 521 square feet at 201 N. Washington Hwy. in Hanover. Eric Hammond and Michael Good represented the landlord.

Gray and Pape Heritage Management leased 2,100 square feet at 2119 E. Franklin St. in Richmond. Ben Boykin and Tucker “Nash” Warren represented the landlord.

Morse Investigation Services leased 1,460 square feet at 4196 Innslake Drive in Henrico. Ben Boykin and Tucker “Nash” Warren represented the tenant.

Coharie Enterprises dba Stretch Zone leased 1,315 square feet at 14169 Midlothian Tpke. in Chesterfield. Thomas Lynde represented the tenant.

Crosswinds,LLC purchased 2,322 square feet at 3918 Grove Ave. in Richmond for $687,500 from CBL Associates. Jamie Galanti represented the seller.

Richard and Anita Hutchinson purchased 10,000 square feet at 11012 Richardson Road in Hanover for $1,450,000 from PN Construction. Ben Bruni, SIOR and Michael Mayhew represented the buyer.

Bocce Two LLC purchased 9,861 square feet at 11310 Business Center Drive in Chesterfield for $1,270,000 from Flexible Holdings LLC. Colton Konvicka and Michael Mayhew represented the buyer.

Weidmuller Inc. purchased 4.715 acres at 630 Johnston Willis Drive in Chesterfield for $1,117,000 from Whitco. Tucker “Nash” Warren and C. Ryan Fanelli represented the buyer.

Hamlett

Ortho

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CCP FL Awarded Property Management of Two New Properties in Orlando, FL

We are pleased to announce that Commonwealth Commercial Partners, LLC has been awarded the property management of two new properties in Orlando, Florida — Challenger South and Lake Point Commerce Park. With the addition of these properties, our Orlando presence has now grown to 700,000 square feet in the past six months. Both properties are owned by affiliates of Albany Road Real Estate Partners, an existing client of Commonwealth Commercial in the Tampa Bay market.

Challenger South is a 147,000 square foot, two-building property located in the Central Florida Research Park, the nation’s 4th largest research park and located adjacent to the University of Central Florida.

Lake Point Commerce Park consists of six buildings totaling 135,000 square feet. The property is in the Lee Vista Center, a 2,400-acre mixed-use development containing office, residential, retail, and hotel properties.

A big thanks to all the hard work from the CCP team on this transition and for the great service you have provided to our clients, tenants, and fellow team members. A special shout-out to Scott Holman and Melissa Edgin, CMCP, LCAM, and Rob Lodewick who have both been instrumental in advancing the relationship with this client. Melissa will serve as the Senior Property Manager with support from Viviana Quijano, Property Administrator, and Bob Higgins, Maintenance Tech.

 

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Bill Barnett’s Lay of the Land Article

February 17, 2023 – Richmond, Virginia – BizSense Article

When he’s not helping others buy and sell land, Bill Barnett is often out there enjoying his own.

The senior vice president and partner at Commonwealth Commercial spends much of his free time on the 175 or so acres he owns along the Chickahominy River in Charles City County.

That’s when he’s not at his primary home in Mathews County, where he can be found fishing in the East River and Chesapeake Bay.

An avid fisherman and hunter, the 76-year-old said his personal love of land and of experiencing nature has carried over into his profession brokering real estate deals. Now in his 50th year in the business, representing buyers and sellers of typically rural acreage, Barnett said the blending of business and pleasure gives him a sort of cred with his clients.

“I have a passion for the outdoors where I can walk the walk, not just talk the talk, and help people who enjoy that kind of property,” he said. “Whether it’s for development, or somebody who wants a place to just have a personal retreat or a family retreat, if you have experienced that, you have a lot more empathy with what their goal is.”

A Charles City native, Barnett bought his land there about 25 years ago, though it was only three years ago that he built a cabin on it, bringing his dwelling count to three. He and wife Cindy, an agent with residential brokerage Long & Foster Real Estate, also have a home in town near the University of Richmond.

“We’re over-housed,” Barnett said with a laugh. “It’s not financially the most prudent plan.” Barnett at the 175 acres he owns in Charles City County.

His Charles City purchase continues a family tradition that goes back centuries. Barnett said a search of county deed books revealed that his ancestors owned land in Charles City as far back as the 18th century.

“The earliest Barnetts that I could find, they bought land in the 1770s and paid for it in shillings. It was still a colony of England.”

Barnett said the cabin allows him and his two daughters more time to enjoy what he proudly describes as primarily swampland.

“I bought it because it was swamp, because it’s bald cypress trees. A friend of mine, when I took him hunting, he turned to me and said, ‘Where are the dinosaurs?’ It looks like a primeval place,” he said. “But to me, it’s fascinating, because of the animals we see.

“I grew up hunting and fishing in places that a lot of people wouldn’t want to go. But it’s teeming with wildlife, so it’s just fun to watch otters and minks and coyotes and bobcats and eagles, as well as ducks and geese, deer and turkey,” he said.

While his affinity for wildlife may seem to some to contradict his hunting hobby, Barnett said they actually go hand in hand.

“These animals – any site has a carrying capacity. Only so many deer can live here before it becomes overpopulated and they become sick or starved,” he said. “To harvest a reasonable amount of game is just part of the life cycle, otherwise it’s going to be eaten alive or die from disease.”

Barnett’s hunting and fishing have taken him to locales across the country, as well as to countries in Latin and South America. While sometimes exotic, he said such travels also increase his appreciation for what his home state has to offer.

“If you travel – somebody said this, I didn’t come up with it – the biggest single benefit is greater appreciation of where you are, your home,” he said. “For me, I bought a center-console boat, 20-foot low-rise, to explore the Chesapeake Bay. I said I want to learn more about what’s right here, not just Argentina or Nicaragua or Louisiana.

“I’ve been up and down virtually every mile of tidal rivers on the western shore” of Virginia, he said. “The Eastern Shore is a bit different. Virginia’s blessed with a resource; you just have to look at a map to go experience it.”

Barnett, who joined Commonwealth Commercial in 2001, got his start in real estate by accident, following his dad into the business.

“My father was a residential real estate broker. I didn’t have any interest in selling homes. I wanted the outdoors,” he said.

He went to work for Crawley Joyner, whose Joyner & Co. is now Joyner Fine Properties. Barnett worked for his mentor for 27 years until the business was sold and he switched to Commonwealth Commercial, then a 5-year-old firm.

“I was the only person that came in 2001 that had a dedicated career to land brokerage,” he said. “Now we’ve got probably 10 brokers there that specialize in land: recreational, timber, farms. Some of it is going to be developed or has been developed. I got to work with some wonderful projects, whether it was Innsbrook or Deep Run Business Center or some industrial properties in Chesterfield.”

Among his biggest and most notable deals was the 2014 sale of Brandon Plantation, a 4,600-acre property with a 12,000-square-foot mansion along the James River in Charles City County. Barnett said the sale, in which he represented the buyer, was only the third time the 18th-century property had changed hands.

Barnett also represented, with Joe Buhrman, Henrico County’s Scott family in their sale a year later of Scott Farm, a roughly 100-acre tract now owned by Bill Goodwin’s Riverstone Properties and positioned for development as part of the massive arena-anchored GreenCity project.

Other notable recent deals include 220 acres in Hanover County, where grocery chain Wegmans is planning a distribution facility and regional headquarters. Barnett represented the seller in that deal, along with Buhrman and Chris Jenkins. He also marketed, with Ryan Fanelli, the 900-acre Malvern Hill Farm that in 2018 was bought by the Capital Region Land Conservancy.

Barnett attributes such deals to the relationships he’s built with fellow landowners over the years.

“I’m blessed with the people that I know. I don’t want that to come across as journey-proud or beating my chest with my fist,” he said. “But you spend a lifetime trying to do the right thing, and if that happens, sometimes you earn the trust of people to handle their business for them.”

While he has now worked half of century in real estate, Barnett said retirement remains beyond his view.

“I don’t work the same kind of hours I used to, but I am still full-time in the business because I wake up in the morning and say to myself, ‘What’s going to happen today?’ And I go, ‘Well, I don’t know. Let’s go find out.’ I don’t need an alarm clock, but I wake up between 5 and 5:30 every day and I’m excited.”

Laughing, he added, “My goal in life would be to meet every farmer in Virginia before I die. That won’t happen, but that’s my goal.”

Bill Barnett

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