DCP Awarded 6th Place in BizSense’s Top 25 Fastest Growing Company Awards

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Richmond, VA – November 7, 2023

DCP is thrilled to announce that they have been awarded 6th place in the prestigious Richmond BizSense Top 25 Fastest Growing Company Awards!

Their journey over the past several years has been nothing short of remarkable, with 149% annual growth from 2020 to 2022. This achievement wouldn’t have been possible without the unwavering dedication of their incredible team, the trust and support of their valued clients, and the strong partnerships they have built along the way.

As they continue to grow in the Richmond market, they are eagerly looking ahead to 2024, where they aim to further expand their footprint and unveil new projects that are already underway!

RVA 25 unveiled: See which company topped this year’s list with 1,238% growth

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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Commonwealth Commercial’s Sales and Lease Transactions 10.21.22

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Posted on 10/21/2022 –The Pipeline: Commercial real estate roundup for 10.21.22

Congratulations to our Sales and Leasing team! They are proud to report the top sales and leasing transactions in Richmond, VA this week:

Virginia Repertory Theatre purchased 50,152 square feet at 4204 Hermitage Road in Henrico for $3.5 million from Richmond Lodge of Perfection A&ASR TR. Kit Tyler and Tucker “Nash” Warren Warren with Commonwealth Commercial Partners represented the buyer.

Worldwide Retail Solutions Inc leased 50,000 square feet at 1500 Commerce Road in Richmond. Ben Bruni and David Williams with Commonwealth Commercial Partners represented the landlord.

Also, Slope.io Inc. leased 3,793 square feet at 11551 Nuckols Road in Henrico. Tucker Dowdy represented the tenant and Eric Hammond, Russell Wyatt and Eliza Izard represented the landlord.

Richmond City Pregnancy Resource Center dba East End Pregnancy Center leased 3,378 square feet at 4823 S. Laburnum Ave. in Henrico. Tucker Dowdy and Russell Wyatt represented the landlord.

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Breeden pays $3M for Cobb Lumber site for $53M mixed-use project

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Posted on 11/18/2021 by Jonathan Spiers at Richmond BizSense

A pair of recent land deals are setting the stage for a mixed-use development of a longtime industrial site along Hermitage Road.

An entity tied to The Breeden Co. closed this month on its purchase of the Cobb Lumber site at 2300 Hermitage Road, where the Virginia Beach-based developer is planning a new-construction project that would include a new headquarters for its Richmond-based construction arm, Breeden Construction.

The entity, Duplex Station LLC, paid $3.2 million for the nearly 2-acre property in a deal that closed Nov. 8. City property records show the site was most recently assessed at $1.42 million.

The seller was Foundry Associates, an entity owned by Steven Clifton and Garland Clay. Clifton is president of Cobb Lumber, which has operated there since 1990. Records show that they paid $260,000 for the property, which is on the west side of Hermitage between the railroad tracks and the Richmond Ambulance Authority property.

Breeden also is buying a sliver of RAA’s property at 2400 Hermitage Road for the project. Last month, the Richmond City Council approved a surplus designation and TOD-1 zoning for the 0.17-acre portion, which the city agreed to sell to affiliate Breeden Investment Properties for $110,250.

Duplex Station LLC is a reference to Breeden’s project, named “Duplex Station on Hermitage.” The six-story building, which would replace the property’s existing structures and fill the entire triangular-shaped site, is planned for 142 apartments and 24,000 square feet of commercial space that would house Breeden Construction.

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Philly firm snaps up more parking lots in $2.9M Monroe Ward deal

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Posted on 11/16/2021 by Michael Schwartz at Richmond BizSense

Parkway Corp. can’t seem to get enough downtown parking lots.

The Philadelphia-based parking and real estate development firm last week snatched up another set of parcels in Richmond, this time two surface lots in Monroe Ward.

The company paid $2.87 million for a half-acre made up of adjoining parcels at 115 N. Foushee St., 3 E. Grace St. and 9 E. Grace St., as well as the nearby lot at 101 W. Grace St., which is less than a quarter-acre.

The seller was longtime Richmond-based Jim’s Family Parking. The parcels were most recently assessed at a combined $1.2 million.

It’s the latest local deal for Parkway, which since 2016 has spent more than $7 million on lots in Jackson Ward and Monroe Ward.

In 2016 it paid $2 million for a 0.75-acre surface parking lot at 200 E. Marshall St., where it has since partnered with locally-based SNP Properties to propose a 12-story mixed-use building. That project is still in the planning stages.

In 2019, its paid $2.3 million for a nearly 1-acre assemblage bordered by East Marshall, North 2nd and East Clay streets in Jackson Ward.

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Sauer Center’s first phase fills out

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Posted on 10/06/2021 by Mike Platania at Richmond BizSense

All of the office space in The Sauer Center’s first phase has now been spoken for, with a firm that’s closely familiar with the project snapping up its last bit.

L.F. Jennings has signed a lease to move its local headquarters to The Sauer Center, the Whole Foods-anchored development from Sauer Properties across Broad Street from the Fan.

The general contracting firm is taking 4,300 square feet of office space at 2000 W. Marshall St., joining tenants like IT firm SingleStone and fellow general contractor Barton Malow. Sauer Properties’ own office is also based out of the trapezoidal building near the intersection of West Marshall Street and Hermitage Road.

Though its company headquarters are in Northern Virginia, L.F. Jennings’ local home base has been in the Glen Forest Office Park in the West End for over a decade.

The company already knows The Sauer Center well, as it’s been the project’s general contractor since it kicked off in 2017. Frank Martino, L.F. Jennings’ Central Virginia director, said they’re excited to make Sauer Properties a neighbor and landlord, in addition to a client.

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Fried chicken tender concept to fill Forest Hill hole left by Dunkin’

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Posted on 8/26/2021 by Mike Platania at Richmond BizSense

Jeff Nicklas and Mark Sweeney have been in the restaurant business for over 60 years, working as franchisees for Shoney’s, Captain D’s and Sonic. They have 30 locations between the three chains throughout Central and Eastern Virginia.

In 2019, they launched a restaurant concept of their own called Go Bird. Offering fried chicken tenders in the form of baskets and sandwiches, Nicklas said Go Bird has done well in its initial market of Portsmouth.

Now, about a year and a half since the first Go Bird hatched, the brand is coming to Richmond.

Nicklas confirmed they’re preparing to open a Go Bird at 6801 Forest Hill Ave. on the city’s Southside. Go Bird is leasing a 1,500-square-foot, drive-thru compatible space that was left vacant by a Dunkin’ store in early 2019.

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Upper Shirley Vineyards chef cooks up neighborhood market in Tuckahoe

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Posted on 8/24/2021 by Jacks Jacobs at Richmond BizSense

A new market is on the menu for Tuckahoe Shopping Center.

Supper Club, a new neighborhood market concept, is aiming to open in late fall at 417 N. Ridge Road, carving out 2,800 square feet of the space that was formerly the Impulse consignment store.

Supper Club joins Providence Hill Real Estate, which is planning to move into the other half of the storefront.

The market will feature prepared meals, butcher-cut meats, local produce, groceries and other retail food items.

Impressed with market concepts like Stella’s Grocery and Libbie Market, Supper Club co-founder Carlisle Bannister said he saw a gap of similar offerings in the Tuckahoe area he wanted to fill.

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Cannabis dispensary sprouting in former Need Supply in Carytown

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Posted on 7/22/2021 by Jacks Jacobs at Richmond BizSense

A Carytown storefront is trading jeans for green.

Green Leaf Medical, which operates the region’s only medical cannabis operation in Manchester, has signed a lease to open a retail dispensary in the former Need Supply storefront at 3100 W. Cary St.

Phil Goldberg, Green Leaf’s co-founder, confirmed the deal Wednesday during Richmond BizSense’s “Future of Cannabis in Virginia” virtual panel.

The 5,600-square-foot Carytown space was formerly home to Need Supply’s flagship retail store before the company shuttered permanently during the pandemic.

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Developers pay $12.5M for Lacy’s 3.3-acre tract on Arthur Ashe Blvd.

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Posted on 7/14/2021 by Mike Platania at Richmond BizSense

A new high mark has been set for land on a per-acre basis in the Scott’s Addition area.

The 3.3-acre assemblage at 1117-1209 N. Arthur Ashe Blvd. sold earlier this week for $12.5 million, city records show.

The buying entities are tied to D.C.-based Level 2 Development and SJG Properties, who are planning a major mixed-use project for the site. The seller in the deal was local investor Ed Lacy, who’d owned many of the parcels for decades.

At about $3.8 million per acre, the deal marks the highest sales price on a per-acre basis in the neighborhood in recent memory.

The previous high mark for the land in and around Scott’s Addition was $3.6 million per acre, set last year by South Carolina’s Greystar when it bought a whole city block at 1601 Roseneath Road. It paid $8.6 million for the site, where it’s planning a 350-unit mixed-use project with locally-based Capital Square.

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Beehives on downtown office buildings sweet for corporate teambuilding

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Posted on 7/6/2021 by Noah Daboul at Richmond BizSense

Downtown office buildings have been far quieter than normal over the last 18 months. But since November, the SunTrust Center has remained abuzz with worker bees of a different sort.

Raleigh-based Bee Downtown, which installs and maintains beehives on corporate campuses, expanded into Richmond from North Carolina with its first hives in Virginia atop the 26-story building at 919 E. Main St.

Bee Downtown CEO Leigh-Kathryn Bonner said the result is two hives containing about 30,000 bees each, aimed in part at helping Mother Nature and in part at corporate teambuilding.

“While we are putting the hives on the campuses — and it is very much a sustainability initiative — what we do throughout the year is we have employees going through interactive experiences,” said Bonner.

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