N.C.-based developer closes second deal in Richmond this year

Posted on 8/3/2020 by Mike Platania at Richmond Bizsense

Upon acquiring its first property in Richmond earlier this year, North Carolina-based real estate development firm Hem + Spire said it had more deals in mind in the city.

It made good on that statement this week by purchasing 1300 Semmes Ave. in Manchester for $3.7 million, city property records show. The deal closed Wednesday.

The roughly 20,000-square-foot office property joins the Branch Building at 1015 E. Main St. downtown in Hem + Spire’s Richmond portfolio. It paid $1.4 million for that first property in January.

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MANCHESTER OFFICE BUILDING SELLS TO DURHAM-BASED INVESTMENT GROUP

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of 1300 Semmes Avenue, a 19,916± SF property, in the Manchester neighborhood of Richmond, VA.

Bruce Milam and Jamie Galanti of Commonwealth Commercial represented the sellers, Beth Bailey, Bruce Green, and Marcia Hickory. This transaction closed on July 29, 2020.

1300 Semmes Avenue was converted and renovated in 2008 from a warehouse to an open office concept by the sellers with design work by architect Mary Lorino with LoCH Design. This conversion was originally constructed for Beth Bailey, Bruce Green, and Marcia Hickory’s pediatric home health care business. They later sold the business and leased the property in 2017 to a national corporation called “Thrive,” who continues to occupy the space.

The purchaser, Hem + Spire, is a Durham-based investment group that specializes investing in historic properties and refitting them for modern uses. While most properties along this corridor of Semmes Avenue, from Cowardin Avenue to its terminus at 7th Street, have been renovated to accommodate multi-family development, Hem + Spire plans to maintain this property as an office building.  It is estimated that this Semmes Avenue corridor will have more than 400,000 SF of occupied office space and 1350 apartments at full build-out by 2021.

 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 Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Houston TX, Kansas City MO, St. Louis MO, Columbus OH, and Minneapolis MN. 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.

Commonwealth Commercial Completed Five Transactions this Week

Richmond, VA – July 24, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Tamarosa, LLC purchased 24.671 acres at 1366 and 1406 Broad Street Road in Goochland County from Belham, LLC for $1,040,800. Ben Bruni represented the Purchaser and Sam Worley and Ryan Fanelli represented the Seller.
  • Neverett Eggleston and Sugar’s Crab Shack, LLC leased 5,500 SF at 1800 W. Marshall Street in the City of Richmond.  Ben Bruni and Russell Wyatt represented the Landlord.
  • Fuji Sushi, LLC leased 2,040 SF at 13555 Midlothian Turnpike in Chesterfield County.  Michael Morris represented the Landlord.
  • Day Makers Salon, LLC leased 965 SF at 8801 Three Chopt Road in Henrico County.  Michael Morris and John Thompson represented the Landlord.
  • Dr. Thomas A. Conner, DDS leased 2,024 SF at 9401 Courthouse Road in Chesterfield County. Tucker Dowdy and Jamie Galanti 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, 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.

Commonwealth Commercial Completed Ten Transactions this Week

Richmond, VA – July 10, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Family Priority, LLC leased 1,543 SF at 9201 Arboretum Parkway in Chesterfield County.  Russell Wyatt, Jamie Galanti and Eliza Izard represented the Landlord.
  • Compass CPAs of Virginia, LLC leased 3,353 SF at 9201 Arboretum Parkway in Chesterfield County.  Russell Wyatt, Jamie Galanti and Eliza Izard represented the Landlord.
  • Richmond Gastroenterology Associates leased 6,929 SF at 223 Wadsworth Drive in Chesterfield County.  Jamie Galanti and Eliza Izard represented the Tenant.
  • Hopetree Family Services leased 5,900 SF at 1030 Old Bon Air Road in Chesterfield County.  Jamie Galanti and Nash Warren represented the Tenant.
  • Creative Approach leased 2,140 SF at 2819 N. Parham Road in Henrico County.  Eric Hammond and Thomas Lynde represented the Landlord.
  • Kenneth C. Pankey leased 350 SF at 2819 N. Parham Road in Henrico County.  Eric Hammond and Thomas Lynde represented the Landlord.
  • Neurosurgical Associates, P.C. leased 1,785 SF at 8405 North Run Medical in Hanover County.  Russell Wyatt and Eliza Izard represented the Landlord.
  • New Nails & Spa leased 1,400 SF at 1632 Tappahannock Boulevard in Essex County.  Jim McVey represented the Landlord.
  • Central Virginia Dental Care, PLC leased 3,183 SF at 5921 Harbour Lane in Chesterfield County.  Tucker Dowdy represented the Tenant.
  • Acorn Sign & Graphics, Inc. leased 8,470 SF at 10334 Battlefield Parkway in Prince William County.  Russell Wyatt and Ben Bruni 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, Charleston 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.

Commonwealth Commercial Completed Four Transactions this Week

Richmond, VA – May 22, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Sweetie Boy Home Delivery, LLC leased 3,600 SF at 16007 Continental Boulevard in Chesterfield County. Ben Bruni and Colton Konvicka represented the Landlord.
  • Virginia School of Technology, Inc. leased 46,853 SF at 2000 Westmoreland Street in Henrico County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • SMN Square Inc. dba Precise Business leased 4,692 SF at 710 Perry Street in the City of Richmond. Kit Tyler and Tucker Warren represented the Landlord.
  • Fauver Avenue Partners, LLC purchased 12,582 SF on 2.3 Acres at 1503-1505 Fauver Ave. and 8792 Old Mountain Road in Henrico County from Mountainbrook Properties, LLC/K&S Properties, LLC for $950,000. Ben Bruni and Colton Konvicka 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, Charleston 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.

Commonwealth Commercial Completed Three Transactions this Week

Richmond, VA – March 27, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • 2015 Brands, LLC leased 2,967 SF at 11930 Iron Bridge Road in Chesterfield County.  Michael Morris, Jim McVey and John Thompson represented the Landlord.
  • Terry Carroll Enterprises, Inc. leased 4,300 SF at 9315 Pocahontas Trail in New Kent County.  Eric Hammond represented the Landlord.
  • Primoris T&D Services, LLC leased 34,800 SF at 12195 Harley Club Drive in Hanover County.  Ben Bruni and Jamie Galanti 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, Charleston 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.

Commonwealth Commercial Completed Five Transactions this Week

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

  • Movement Mortgage leased 1,724 SF at 9401 Courthouse Road in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Commonwealth Community Trust Endowment Fund leased 2,275 SF at 3751-D Westerre Parkway in Henrico County. Tucker Dowdy and Russell Wyatt represented the Landlord.
  • Crystal Ice Corporation leased 2,360 SF at 3007 W. Clay Street in the City of Richmond. Ben Bruni and Russell Wyatt represented the Landlord.
  • #1 A LifeSafer Distribution, Inc. leased 2,194 SF at 2600 E. Parham Road in Henrico County. Chip Louthan represented the Landlord.
  • Kidd and Co., Inc. purchased 76.15 acres at 12174 Washington Highway in Hanover County from Barnes Family, LLC for $1,200,000.  Chris Jenkins, Randy Cosby, Russell Wyatt and Ben Bruni 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, Charleston 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.

Commonwealth Commercial Completed Four Transactions this Week

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

  • Leaf Spring, LLC leased 4,881 SF at 4551 Cox Road in Henrico County.  Jamie Galanti represented the Tenant.
  • Aligned Clinical Educational Services leased 766 SF at 8100 Three Chopt Road in Henrico County.  Eric Hammond represented the Tenant.
  • KAP, Inc. dba Party Perfect leased 26,466 SF at 2400 Magnolia Court in the City of Richmond.  Ben Bruni and Russell Wyatt represented the Landlord.  Carl Blackwell represented the Tenant.
  • Maven Made, LLC leased 540 SF at 1321 ½ East Main Street in the City of Richmond.  Eric Hammond 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, 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.

Commonwealth Commercial Completed Four Transactions this Week

Richmond, VA – December 20, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Pratt (Virginia Box), Inc. leased 29,342 SF at 11223 Leadbetter Road in Hanover County.  David Williams represented the Landlord.
  • Wellness First, Inc. leased 2,281 SF at 14360 Sommerville Court in Chesterfield County.  Tucker Dowdy represented the Landlord.
  • Youngblood, Inc. dba ReMax Commonwealth leased 3,375 SF at 9401 Courthouse Road in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Sinclair Communications, LLC leased 10,941 SF at 2001 Maywill Street in Henrico County.  Tucker Dowdy and Jamie Galanti 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.

Commonwealth Commercial Completed Nine Transactions This Week

Richmond, VA – December 6, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Euro Ground Automotive, LLC leased 1,800 SF at 3919 Deep Rock Road in Henrico County.  Tucker Dowdy and Jim McVey represented the Landlord.
  • Edward Jones & Co. renewed its 900 SF lease at 6740 Forest Hill Avenue in the City of Richmond.  Fred Plaisted represented the Landlord.
  • Buffalo Distro Inc. leased 8,962 SF at 319 Business Lane in Hanover County.  Eric Hammond represented the Tenant.
  • Dominion Digital, Inc. dba SingleStone leased 14,110 SF at The Sauer Center, 2000 W. Marshall Street in the City of Richmond.  Russell Wyatt and Tucker Dowdy represented the Landlord.
  • Richmond Gastroenterology Associates leased 6,061 SF at 165-167 Wadsworth Drive in Chesterfield County.  Jamie Galanti and Eliza Izard represented the Tenant.
  • The Branch Group, Inc. leased 4,117 SF at 4490 Cox Road in Henrico County.  Russell Wyatt and Ben Bruni represented the Tenant.
  • Edward L. Mustian, III, D.D.S. renewed his 773 SF lease at 5700 Old Richmond Avenue in Henrico County.  Tucker Dowdy and Mark Claud represented the Landlord.
  • ABG Group, LLC leased 840 SF at 9401 Courthouse Road in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Keel Funds Advisor, LLC purchased Eaton’s Ferry Marina at 1865 Eaton Ferry Road in Littleton, NC from Morningstar Properties, LLC for $5,030,000.  Jim McVey, Michael Morris and Morgan Trible 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, 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.