47 mixed-use parcels in Richmond sell for almost $22M

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Posted on 12/21/2021 by Katherine Schulte at Virginia Business

Seven bundles of properties totaling 47 parcels in Richmond sold for almost $22 million, Commonwealth Commercial Partners LLP announced last week.

The mixed-use properties are located in Richmond’s Fan District and consist of retail, office and restaurant space, as well as about 24 apartments and 267 parking spaces.

Richmond-based Eck Enterprises LLC sold the properties to Charlotte, North Carolina-based Carolina Capital Real Estate Partners. Kit Tyler, senior vice president at CCP, and Tucker “Nash” Warren, senior associate at CCP, represented the seller in the three-contract sale that closed Dec. 15.

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Commonwealth Commercial Completed Seven Transactions this Week

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Richmond, VA – December 10, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Dr. Kim Byerly renewed the 995 SF lease at 5101 Cleveland Street in Virginia Beach. Gresh Wall represented the Landlord.
  • JTWdesign, LLC leased 2,020 SF at 15 S. Auburn Avenue in the City of Richmond. Tucker Dowdy and Russell Wyatt represented the Landlord.
  • Consolidated Planning, Inc. leased 732 SF at 12540 Patterson Avenue in Goochland County. Tucker Dowdy and Russell Wyatt represented the Tenant.
  • Brick and Mortar Mercantile leased 5,142 SF at 3114 W. Cary Street in the City of Richmond. Jim McVey, Michael Morris and Thomas Lynde represented the Landlord.
  • DAPSYN Inc. leased 1,809 SF at 1503 Santa Rosa Road in Henrico County. Eric Hammond represented the Landlord.
  • Ericka J Fitness leased 2,500 SF at 903 E. Laburnum Avenue in Henrico County. Jamie Galanti and Ben Boykin represented the Tenant.
  • ME Namflow, LLC purchased 8,973 SF at 5780 Hull Street Road in the City of Richmond from Parsons & May, LLC for $700,000. Ben Bruni 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, 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 Eight Transactions this Week

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Richmond, VA – December 3, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • InMotion Physical Therapy, LLC leased 4,347 SF at 3001 Hungary Spring Road in Henrico County.  Eric Hammond and Chip Louthan represented the Tenant.
  • Mosaic Group, LLC dba Mosaic Pediatric Therapy leased 4,087 SF at 5153 Craig Rath Boulevard in Chesterfield County.  Jamie Galanti and Eliza Izard represented the Tenant.
  • Carova Holding Company, Inc. leased 1,297 SF at 2101 Parks Avenue in Virginia Beach.  Gresh Wall represented the Landlord.
  • Ogburn Brothers, Inc. leased 28,000 SF at 10987 Richardson Road in Hanover County.  Chip Louthan and Michael Mayhew represented the Tenant.
  • Richmond Pediatric Dentistry and Orthodontics renewed its 2,938 SF lease at 8503 Patterson Avenue in Henrico County.  Eliza Izard and Russell Wyatt represented the Landlord.
  • Nettles Storage, LLC purchased 3.5 acres of land at 12994 Nettles Drive in Newport News from Nettles Associates, LLC for $650,000.  Ryan Fanelli and Nate Krey represented the Seller.
  • Virginia Electric and Power Company purchased 11.8 acres at 212 Dry Bridge Road in Chesterfield County from Watkins Land, LLC for $530,000.  Bill Barnett, Joe Buhrman and Chris Jenkins represented the Seller.
  • Bellwood Crossing LLC purchased 3.5 acres at 8009, 8011, 8031, 8045 and 8075 Jefferson Davis Highway in the City of Richmond from The Diamond Group, LLC for $1,350,000.  Chris Jenkins, Randy Cosby and Michael Good represented the Purchaser and Ben Bruni represents 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.

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Commonwealth Commercial Completed Eleven Transactions this Week

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Richmond, VA – November 19, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Featherstone Partners, LLC leased 2,722 SF at 1321 Laskin Road in Virginia Beach.  Gresh Wall represented the Tenant.
  • Smith & Nephew Inc. renewed 1,848 SF at 413 Stuart Circle in the City of Richmond.  Eric Hammond and Michael Good represented the Landlord.
  • MRC Global (US) Inc. leased 40,000 SF at 8310 Shell Road in Chesterfield County.  David Williams and Ben Bruni represented the Landlord.
  • Upside to Youth Development LLC leased 3,375 SF at 9401 Courthouse Road in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Sunshine Anderson leased 1,250 SF at 1390 Broad Street in Goochland County.  Ben Bruni and Carl Blackwell represented the Landlord.
  • Carpenter Co. leased 3,211 SF at 5020 Monument Avenue in Henrico County.  Erc Hammond and Tucker Dowdy represented the Landlord.
  • Hanover Habitat for Humanity leased 13,032 SF at 7193, 7199 and 7211 Stonewall Parkway in Hanover County.  Eric Hammond represented the Tenant.
  • Code 1 Training Soutions, LLC leased 184 SF at 413 Stuart Circle in the City of Richmond.  Eric Hammond and Michael Good represented the Landlord.
  • Parkway Acquisitions purchased .7154 acres at 101 W. Grace St., 115 N. Foushee St. , 3 and 9 E. Grace St. in the City of Richmond from Jim’s Family Corp. for $2,875,000.  Michael Morris and Jim McVey represented the Purchaser.
  • Marwaha Sarup Singh, LLC purchased 38,000 SF at 2500 & 2505 Pocoshock Place in Chesterfield County from Sanadeema LLC for $2,400,000.  Tucker Dowdy represented the Seller.
  • Hanover Habitat for Humanity leased 13,032 SF at 7193, 7199 and 7211 Stonewall Parkway in Hanover County.  Eric Hammond 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, 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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Breeden pays $3M for Cobb Lumber site for $53M mixed-use project

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Posted on 11/18/2021 by Jonathan Spiers at Richmond BizSense

A pair of recent land deals are setting the stage for a mixed-use development of a longtime industrial site along Hermitage Road.

An entity tied to The Breeden Co. closed this month on its purchase of the Cobb Lumber site at 2300 Hermitage Road, where the Virginia Beach-based developer is planning a new-construction project that would include a new headquarters for its Richmond-based construction arm, Breeden Construction.

The entity, Duplex Station LLC, paid $3.2 million for the nearly 2-acre property in a deal that closed Nov. 8. City property records show the site was most recently assessed at $1.42 million.

The seller was Foundry Associates, an entity owned by Steven Clifton and Garland Clay. Clifton is president of Cobb Lumber, which has operated there since 1990. Records show that they paid $260,000 for the property, which is on the west side of Hermitage between the railroad tracks and the Richmond Ambulance Authority property.

Breeden also is buying a sliver of RAA’s property at 2400 Hermitage Road for the project. Last month, the Richmond City Council approved a surplus designation and TOD-1 zoning for the 0.17-acre portion, which the city agreed to sell to affiliate Breeden Investment Properties for $110,250.

Duplex Station LLC is a reference to Breeden’s project, named “Duplex Station on Hermitage.” The six-story building, which would replace the property’s existing structures and fill the entire triangular-shaped site, is planned for 142 apartments and 24,000 square feet of commercial space that would house Breeden Construction.

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Philly firm snaps up more parking lots in $2.9M Monroe Ward deal

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Posted on 11/16/2021 by Michael Schwartz at Richmond BizSense

Parkway Corp. can’t seem to get enough downtown parking lots.

The Philadelphia-based parking and real estate development firm last week snatched up another set of parcels in Richmond, this time two surface lots in Monroe Ward.

The company paid $2.87 million for a half-acre made up of adjoining parcels at 115 N. Foushee St., 3 E. Grace St. and 9 E. Grace St., as well as the nearby lot at 101 W. Grace St., which is less than a quarter-acre.

The seller was longtime Richmond-based Jim’s Family Parking. The parcels were most recently assessed at a combined $1.2 million.

It’s the latest local deal for Parkway, which since 2016 has spent more than $7 million on lots in Jackson Ward and Monroe Ward.

In 2016 it paid $2 million for a 0.75-acre surface parking lot at 200 E. Marshall St., where it has since partnered with locally-based SNP Properties to propose a 12-story mixed-use building. That project is still in the planning stages.

In 2019, its paid $2.3 million for a nearly 1-acre assemblage bordered by East Marshall, North 2nd and East Clay streets in Jackson Ward.

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Commonwealth Commercial Completed Eight Transactions this Week

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Richmond, VA – November 12, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Brandi Walker leased 2,910 SF at 131 Richmond Highway in the City of Richmond. Ben Bruni represented the Landlord.
  • Moser Originals, LLC leased 3,410 SF at 6290 Old Warwick Road in the City of Richmond. Colton Konvicka and Ryan Fanelli represented the Landlord.
  • Belle Cabana leased 2,250 SF at 1260 Alverser Plaza in Chesterfield County. Ben Boykin and Ryan Fanelli represented the Tenant.
  • IvyRehab Mechanicsville VA, LLC dba Spectrum Physical Therapy leased 6,024 SF at 7225 Bell Creek Road in Hanover County. Morgan Trible and Jim McVey represented the Landlord.
  • Classic Air Care, LLC leased 24,349 SF at 240 Clearfield Avenue in Virginia Beach. Gresh Wall represented the Landlord.
  • DCCC, Inc. leased 3,300 SF at 2301 N. Parham Road in Henrico County. Eric Hammond and Tucker Dowdy represented the Landlord.
  • Vanderbilt Properties, LLC purchased .05 acres at 127 N. 18th Street in the City of Richmond from Rochelle Holding Company for $150,000. Jim McVey, Michael Morris and Thomas Lynde represented the Seller.
  • Duplex Station, LLC purchased 30,000 SF at 2300 Hermitage Road in the City of Richmond from Foundry Associates for $3,200,000. Ben Bruni and Ryan Fanelli 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, 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 Six Transactions this Week

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Richmond, VA – November 5, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Virginia Insurance Services, Inc. leased 1,900 SF at 1 Park West Circle in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Kala Brand Music Co. leased 29,342 SF at 11223 Leadbetter Road in Hanover County.  David Williams represented the Landlord.
  • EDOS LLC leased 775 SF at 5300 Hickory Park Drive in Henrico County.  Eric Hammond and Michael Good represented the Landlord.
  • JSC of Richmond, LLC dba Mr. Sandless of Richmond leased 854 SF at 7921 W. Broad Street in Henrico County.  Ben Bruni represented the Tenant.
  • Brandi Walker leased 2,910 SF at 131 Richmond Highway in the City of Richmond.  Ben Bruni represented the Landlord.
  • CRDR Management LLC purchased 2.74 acres at 710 Watkins Centre Parkway in Chesterfield County for $400,000 from Watkins Land LLC.  Chris Jenkins, Joe Buhrman and Bill Barnett 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.

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Commonwealth Commercial Completed Six Transactions this Week

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Richmond, VA – October 29, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Uncommon Redesigns, LLC leased 1,856 SF at 238 Clearfield Avenue in Virginia Beach. Gresh Wall represented the Landlord.
  • Jobeka Health Care Services, LLC leased 811 SF at 1106-1108 E. Main Street in the City of Richmond. Ben Boykin and Michael Good represented the Tenant.
  • London Burke leased 1,400 SF at 304 East Main Street in the City of Richmond. Eric Hammond represented the Landlord.
  • Lavram, LLC purchased 101 Heaths Way Road in Chesterfield County for $1,600,000 from Railey Hill Associates, LLC. Tucker Dowdy and Russell Wyatt represented the Seller.
  • 6951 Carnation Acquisition, LLC purchased 2.64 acres at 6951 W. Carnation Street in the City of Richmond from FW Properties II, LLC for $300,000. Ryan Fanelli and Sam Worley represented the Seller.
  • 700 Carnation Acquisition, LLC purchased 5.393 acres at 7000 W. Carnation Street in the City of Richmond from FW Properties II, LLC for $525,000. 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, 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.

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Commonwealth Commercial Completed Five Transactions this Week

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Richmond, VA – October 22, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Guifang Acupuncture & Herb, LLC leased 1,328 SF at 11551 Nuckols Road in Henrico County. Eric Hammond, Jamie Galanti and Russell Wyatt represented the Landlord.
  • Steward Partners Global Advisory, LLC leased 3,616 SF at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Powhatan County, VA purchased 19.76 acres on Anderson Highway in Powhatan County for $850,000 from Shady Oaks Urbine, LLC. Chris Jenkins and Joe Buhrman represented the Seller.
  • M&H Sommerville, LLC purchased 8,700 SF at 14308-14316 Sommerville Court in Chesterfield County for $2,700,000 from Sommerville Real Estate Holdings, LLC.  Tucker Dowdy and Russell Wyatt represented the Seller.
  • Aragon Group, LLC purchased 4,826 SF at 5420 Distributor Drive in the City of Richmond for $330,000 from Purser Family, LLC.  Tucker Dowdy and Colton Konvicka 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.

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