Commonwealth Commercial Completed Four Transactions this Week

Richmond, VA – April 17, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • W.V. McClure, Inc. purchased 20 acres at 11300 Ironbridge Road in Chesterfield County from Riley Lowe for $1,100,000.  Chris Jenkins and Randy Cosby represented the Seller.
  • Richmond Times Dispatch renewed 10,000 SF at Ruffin Mill Center, 16067-16071 Continental Boulevard in Chesterfield County.  Ben Bruni and Colton Konvicki represented the Landlord.
  • MasTec North America, Inc. leased 19,156 SF at 2400 Maury Street in the City of Richmond.  Ben Bruni and Colton Konvicki represented the Tenant.
  • Riverside Counseling and Consulting, LLC leased 924 SF at 4 South 1st Street in the City of Richmond.  Eric Hammond and Thomas Lynde 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.

SIGNAL HILL APARTMENTS SELLS FOR $7.6 MILLION

Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of the 68-unit Signal Hill Apartments and 1-residential house located at 8111 Signal Hill Road in Mechanicsville, VA. The property was deemed attractive because of its solid construction, excellent hands-on management and the dearth of multifamily product available in Hanover County. The residence/office is an up-to-date four-bedroom, three full bath house which will be a rental, with a separate management office to be used by the new ownership.

The property was placed on the market in the Fall of 2019 and the purchaser, an affiliate of Peak Strategic Capital from Washington, D.C., was selected competitively from a number of qualified prospects hailing as far away as California and New York. The new buyer bought the apartments with Freddy Mac financing.

Bruce Milam, Chip Louthan, and Colton Konvicka of Commonwealth Commercial represented the Seller. This property closed on March 26th, 2020 and sold for $7.6 million.

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, Kansas City MO, St. Louis MO, Minneapolis MN, Columbus OH, and Houston TX. 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.