Commonwealth Commercial Completed Eight Transactions this Week

Richmond, VA – August 28, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • VenGott, LC leased 2,782 SF at 1100 Boulders Parkway in Chesterfield County.  Russell Wyatt, Jamie Galanti and Eliza Izard represented the Landlord.
  • Kraft Heinz Foods Group leased 5,567 SF at 16021 and 16023 Continental Boulevard in Chesterfield County.  Ben Bruni and Colton Konvicka represented the Landlord.
  • Invested Transition, LLC leased 3,300 SF at 4204-A Eubank Road in Henrico County.  Tucker Warren represented the Tenant.
  • N&B Ventures, LLC leased 2,000 SF at 135 Hill Carter Parkway in Hanover County.  Morgan Trible represented the Landlord.
  • CWR Property, LLC purchased 23.41 acres at 1600 Ashton Park Drive, Ashton Creek Business Center in Chesterfield County from Carrie E. Coyner, Successor Trustee for $750,000.  Colton Konvicka and David Williams represented the Seller.
  • Austin Woods Apartments, LLC purchased 13 acres at 6767 Iron Bridge Road in Chesterfield County from Austin Woods Development Co. for $4,025,000.  Sam Worley, Craige Pelouze and Ryan Fanelli represented the Seller.
  • Kilmarnock Tobacco & Vape, LLC leased 1,600 SF at 130 Old Fair Grounds Way in Lancaster County.  Morgan Trible represented the Landlord.
  • Quik Fuel, Inc. purchased 1.52 acres on Market Drive in Emporia, VA from Chambliss Properties, LLC for $500,000.  Ryan Fanelli and Hank Campbell 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, 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.

Apartments developer buys 13 acres in Chesterfield for $4M+

Posted on 8/24/2020 by Sydney Lake at Virginia Business

An apartment complex developer has purchased a 13-acre site in Chesterfield County for $4.025 million, Commonwealth Commercial Partners LLC announced Friday.

Located at 6767 Iron Bridge Road, the complex will include 230 apartment units, a clubhouse and a pool. Austin Woods Development Co. sold the property to Waverton Development Inc. in a transaction that closed on Aug. 20.

Continue reading the full article

230-Unit Apartment Complex Slated For 6767 Iron Bridge Road

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the 13± acre sale at 6767 Iron Bridge Road located in Chesterfield County, VA. Sam Worley, Ryan Fanelli & Craige Pelouze of Commonwealth Commercial represented the Seller, Austin Woods Development Co. The purchaser was Waverton Development Inc. This transaction closed on August 20, 2020 for $4,025,000.

Commonwealth Commercial placed the property under contract in March 2019, and the seller obtained zoning so the buyer could construct 230 apartment units, a clubhouse with pool and related accessory uses. Financing for the development was obtained through VHDA with Keith Wells at Northmarq Capital acting as the mortgage broker. Construction has begun and preleasing will begin early 2021, with first move-ins in the second quarter of 2021.

This same buyer purchased land in Watermark, across the street from this site in 2010. They developed the Meridian at Watermark, a 300-unit Class A investment community. The Austin Woods site will be a continuation of their success at Watermark.

This apartment complex at 6767 Iron Bridge Rd will be complemented by the 207-unit townhome community that will be built by Ryan Homes on the 58± acres surrounding the property. Additionally, there is a 4.5± acre commercial out parcel available that fronts Iron Bridge Road.

 

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.

Better Med Urgent Care property in Ashland sells for $2.1 million

Posted on 3/12/2018 by Virginia Business

A building fully leased by Better Med Urgent Care in Ashland has sold for $2.1 million.

According to Commonwealth Commercial Partners in Henrico County, which announced the sale, the investment property is located at 300 N. Washington Highway. The one-story, 5,200-square-foot building was built a year ago.

Continue reading the full article

Commonwealth Commercial Completed Five Transactions This Week

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

  • Andrew Brumberg leased 815 SF at 8503 Patterson Avenue, Henrico County.  Evan Ocheltree represented the Landlord.
  • Blueswipe, LLC leased 6,460 SF at 1501 Roseneath Road in City of Richmond.  Fred Plaisted represented the Tenant.
  • Capital Square Acquisitions LLC purchased a 5,100 SF office/medical building at 300 N. Washington Highway in Hanover County for $2,100,000.  Craige Pelouze represented the Purchaser.
  • Genova’s Pizza Express, LLC purchased a 3,420 SF building at 2723 Buford Road in Chesterfield County for $265,000.  Morgan Trible represented the Purchaser.
  • Earl Thompson, Inc. purchased 122 acres at 3040 Sandy Hook Road in Goochland County for $1,075,000.  Joe Buhrman and Randy Cosby 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, Reading PA and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.