Goodwin’s Riverstone Group pays $8M for Chesterfield offices

Posted on 12/1/2017 by J. Elias O’Neal  on Richmond BizSense

A local real estate firm is adding another office building to its growing collection.

The real estate arm of Bill Goodwin’s Riverstone Group earlier this month paid $8 million for the three-story, 59,000-square-foot CenterPointe Office Building at 1 Park West Circle in the company’s sprawling CenterPointe development in western Chesterfield County.

The deal brings the property, built in the late 1980s, back into the Riverstone family.

Goodwin’s CCA Industries previously owned the building and sold it in 2005 to Richmond-based Acclaim Properties for $6.8 million, said Andrew Pegalis, managing partner of Acclaim.

“It was the right time to sell,” Pegalis said. “It was very appealing to the buyer … They seemed pleased with the number of tenants fulfilling lease renewals and the overall condition of the property.”

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Commonwealth Commercial Completes Four Transactions This Week February 24, 2017

Richmond, VA – February 24, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

• Colonial River Wealth Management leased 4,115 SF at 13872 Coalfield Commons Place in Chesterfield County. Evan Ocheltree represented the Tenant.
• Cognito Moto LLC leased 6,240 SF at 3 S. Granby Street in the City of Richmond. Ben Bruni and Russell Wyatt represented the Landlord.
• Terraforge Communities, Inc. leased 2,782 SF at 1100 Boulders Parkway in Chesterfield County. Russell Wyatt and Jamie Galanti represented the Landlord.
• Randall G. Welch purchased 298 acres on Deep Bottom Road in Henrico County for $850,000. Bill Barnett and Randy Cosby 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 and Reading PA. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.