Midlothian, Virginia – Commonwealth Commercial Partners (CCP), a leading commercial real estate firm headquartered in Richmond, showcased the talents of its industrial sales team with the recent sale of the Trane distribution facility in Midlothian, Va. The off-market deal closed Aug. 26, 2021, with a $14 million purchase by Peterson Cos. in Fairfax, Va.
Russell Wyatt, Senior Vice President at CCP, and Tucker Dowdy, Vice President at CCP, represented the seller, Railey Hill Associates LLC, in the transaction. The 83,025-square-foot building is located at 14000 Justice Road and was constructed for Ingersoll Rand dba Trane Technologies Inc.
“Our industrial sales team is seeing a surge in velocity of real estate projects involving industrial and investment properties throughout the Richmond region,” said Russell Wyatt. “In addition to the Trane facility in Midlothian, CCP has brokered industrial sales deals on Gaskins Road in the west end, in Railey Hill and in Woodlake.”
Industrial sales and investment sales are niche specialties at Commonwealth Commercial. The company’s strengths in those areas include professional expertise, in-depth market knowledge, long-standing strategic relationships and a wealth of resources to help clients achieve their investment goals.
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