Five-building industrial portfolio sells for $9M

Posted on 10/01/2021 by Katherine Schulte at Virginia Business

A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced.

ESAP LLC sold the portfolio to Drakadia Holdings LLC, a business entity registered to an eastern Henrico County address occupied by QTS, a data center company with a large presence in the state. QTS opened a 1.3 billion-square-foot data center in White Oak Technology Park near Richmond International Airport, where the company established an access point for three subsea fiber-optic telecommunications cables that come ashore in Virginia Beach and connect data networks in the U.S., Europe and South America.

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Commonwealth Commercial Partners promotes Alex Crouch

Posted on 6/20/2017 on Virginia Business

Richmond-based Commonwealth Commercial Partners LLC said Tuesday it has promoted Alex C. Crouch to managing director of the North and South Carolina offices. He has relocated to Charlotte, where he will be responsible for oversight of the company’s current property portfolio in the two states as well as for the long-term planning and growth in the markets in the Carolinas.

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Commonwealth Commercial Promotes Alex Crouch as Managing Director of its North and South Carolina Operations

FOR IMMEDIATE RELEASE
June 19, 2017

Commonwealth Commercial Promotes Alex Crouch as Managing Director of its North and South Carolina Operations

RICHMOND, Va. — June 19, 2017Commonwealth Commercial Partners, LLC, a leading full-service commercial real estate firm, has promoted Alex C. Crouch to a new position overseeing
the company’s business interests in Charlotte, Greensboro, Raleigh/Durham, NC, and Greenville, SC.

Crouch has relocated to Charlotte to serve as Managing Director of the North and South Carolina offices. He will be responsible for oversight of the operations of the company’s current property portfolio, as well as the long-term planning and growth in the markets in the Carolinas.

Crouch joined Commonwealth Commercial in 2007, most recently serving in a senior role in the Richmond office. He received his Bachelor of Arts in Political Science from Hampden-Sydney College and holds a State of Virginia Real Estate License.

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 and Reading PA. The company provides demonstrated expertise in the areas of leasing,
purchasing, selling, developing, consulting, property management and asset management services. For more information, please visit
www.commonwealthcommercial.com.

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