INDUSTRIAL CASE STUDY | RAW LAND TO INVESTMENT SALE | 2405 GRANITE RIDGE ROAD | ROCKVILLE, VA 23146

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THE DEAL
›› Worked with the developer through all aspects of the project from land acquisition to investment sale
›› Negotiated purchase of raw land
›› Assisted developer with identifying the appropriate engineers and architects
›› Consulted with engineers and architects to recommend site plan and building characteristics that are desirable in the market place to achieve high rental rates
›› Executed leasing marketing plan
›› Identified out of town investor to sell “off market”
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THE HURDLES
›› Took an undeveloped site into a fully leased portfolio
›› Speculative development, understanding the leasing market to build a product that is highly desirable
›› Negotiated and closed an investment sale in 2020 during the COVID-19 pandemic
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RESULTS
›› Pre-leased the entire three building portfolio before construction was complete
›› Sold the three building (22,000 SF) portfolio for $3,050,000 “off market” to achieve the highest industrial price per square foot sale in Goochland County
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Call Ben at 804-793-0046 for more information
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Commonwealth Commercial Completed Six Transactions this Week

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Richmond, VA – March 26, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Executive Health Group, PC leased 5,294 SF at 1630 Wilkes Ridge Parkway in Goochland County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • JD Quality Pouches, LLC leased 3,000 SF at 16404 Jefferson Davis Highway in Chesterfield County.  Tucker “Nash” Warren represented the Tenant.
  • New Media Systems, Inc. leased 1,960 SF at 9830 Mayland Drive in Henrico County.  Ben Bruni and Russell Wyatt represented the Landlord.
  • LA Polvora leased 1,920 SF at 412 England Street in Hanover County.  John Thompson and Michael Morris represented the Landlord.
  • Christopher Consultants, Ltd. Leased 1,980 SF at 11551 Nuckols Road in Henrico County.  Eric Hammond, Jamie Galanti and Russell Wyatt represented the Landlord.
  • Mid South Building Supply, Inc. leased 1,800 SF at 200 Heaths Way Road in Chesterfield County.  Tucker Dowdy and Russell Wyatt represented the Landlord.

 

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 Three Transactions this Week

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Richmond, VA – November 13, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Bon Secours – St. Francis Medical Center leased 12,400 SF at 2500 Pocoshock Place in Chesterfield County.  Tucker Dowdy represented the Landlord.
  • Valley Landscaping, Inc. leased 3,000 SF at 2312-B Commerce Center Drive in Goochland County.  Colton Konvicka and Ben Bruni represented the Tenant.
  • Stanley Martin Companies, LLC purchased 2.27 acres at 1500 W. Moore Street in the City of Richmond from 1500 W. Moore Street, L.C. for $4,000,000.  Ben Bruni and Ryan Fanelli 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 Last Week

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Richmond, VA – September 21, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Surrounding Counties Explorers Club leased 1,500 SF at 8801 Three Chopt Road in Henrico County. John Thompson and Michael Morris represented the Landlord.
  • I.M. Manufacturing Corp. leased 6,994 SF at 4300 Eubank Road in Henrico County. Ben Bruni represented the Tenant.
  • Brandon Cunningham, LP leased 2,233 SF at 725 W. Hundred Road in Chesterfield County. Ben Bruni and David Williams represented the Landlord.
  • Vermillion, Inc. leased 4,800 SF at 2350 Lanier Road in Goochland County. Ben Bruni represented the Landlord.
  • Provident2008, LLC purchased 8,100 SF at 2008 Libbie Avenue in Henrico County from LLK & B LLC for $1,174,800. Eric Hammond represented the Seller and Jamie Galanti and Tucker Dowdy 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 Two Transactions this Week

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Richmond, VA – August 16, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Bavarian Auto Sales, LLC leased 3,000 SF at 2465 Granite Ridge Road in Goochland County.  Ben Bruni represented the Landlord.
  • Comfort Systems of Virginia, Inc. leased 4,679 SF at 671 Trampton Street in Henrico County.  David Williams represented the Landlord.

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, Reading PA, 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 Three Transactions This Week

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Richmond, VA – June 28, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Ryan Hartfield leased 4,000 SF at 112 Midpoint Drive in Goochland County.  Ben Bruni represented the Landlord.
  • Primax Properties, LLC purchased 4 acres in Patriots Landing at the corner of Pocahontas Trail and Patriots Landing Road in New Kent County from Patriots Land MGMT Corp. for $780,000.  Joe Buhrman and Bill Barnett represented the Seller.
  • Precision Spinal Care leased 2,298 SF at 1305 Executive Blvd in Chesapeake, VA from Hampton Roads V Owner, LLC. Brian Devlin represented the Landlord.

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.

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Commonwealth Commercial Completed Four Transactions This Week

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Richmond, VA – June 28, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Fiber Plus, Inc. leased 5,418 SF at 8201-8203 Hermitage Road in Henrico County.  Fred Plaisted represented the Tenant.
  • Versatile Merchant Solutions leased 4,576 SF at 2820 Waterford Lake Drive in Chesterfield County.  Fred Plaisted represented the Landlord.
  • Vinson Investments, Inc. purchased a 12,603 SF building at 3900 Gaskins Road in Henrico County for $1,635,000.  Fred Plaisted represented the Seller.
  • SMC Facilities, LLC purchased a 2,000 SF building for $109,000 at 112 Midpoint Drive in Goochland County.  Nash Warren 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, 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.

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Commonwealth Commercial Completed Five Transactions This Week

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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.

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