Richmond, Va. – Commonwealth Commercial Partners (CCP), an industry leader in commercial real estate, recently played an instrumental role in boosting economic development and creating job opportunities in Stafford County, Va. The company negotiated and executed the sale of 55 acres from R Income Properties, LLC to DHL Logistics for $4,055,000 in Stafford County’s Venture Business Park.
DHL has announced plans to build a 500,000 square foot high-bay distribution facility with highly mechanized equipment for material building to serve the Mid-Atlantic region. The initiative is expected to create close to 600 jobs requiring managerial and high-tech skills that will generate $1 million per year in tax revenue.
“This was a very complex commercial real estate transaction involving multiple partners, including state and government entities, in Virginia and Maryland,” said Craig Pelouze, Senior Vice President at Commonwealth Commercial. “It’s a deal that is destined to transform the area’s economy and attract a large tax base to Stafford County.”
He noted that Matan Properties, an industrial developer in Frederick, Md., is also under contract with CCP to purchase the remaining 31 acres in Venture Business Park to develop several hundred thousand square feet of office warehouse, resulting in total land sales of almost $9.5 million.
Pelouze and Sam Worley, another Senior Vice President at CCP, represented R Income Properties, which had owned the land for over 20 years. These talented team members have many years of experience representing buyers and sellers of rural land and investment properties.
For more information about Commonwealth Commercial Partners, LLC, which is proudly celebrating its 25th anniversary in 2021, visit commonwealthcommercial.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 in Hampton Roads, Va.; Nashville, Tenn.; Jacksonville, Fla.; Tampa, Fla.; Charlotte, N.C.; Raleigh/Durham, N.C.; Greenville, S.C.; Houston, Texas; Kansas City, Mo.; St. Louis, Mo.; Columbus, Ohio; and Minneapolis, Minn., and is active in Connecticut and Illinois. 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