CCP Awarded Facilities Management for Matan Companies’ Northlake II Industrial Park

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Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., is pleased to announce that we have been awarded the facilities management for Matan Companies’ Northlake II, a new industrial park in Ashland, Virginia.

Upon the completion of construction, Northlake II will be comprised of four state-of-the-art industrial buildings with a combined footprint of 547,000 square feet. This property is situated on roughly 35 acres along the I95 corridor in the 12000 block of Harley Club Drive, which offers easy access and visibility for businesses seeking a strong presence in the region.

“We are thrilled for this opportunity to bring our services to Matan Companies and begin a long-lasting relationship,” said Adam Megenity, Senior Vice President/Partner, Commonwealth Commercial Partners. “Together, we are committed to creating a thriving hub for businesses, enhancing economic growth, and contributing to the overall prosperity of Ashland, Virginia.”

Matan Companies has built a reputation for offering a comprehensive range of strategic services and owning assets in key markets. The collaboration between Commonwealth Commercial Partners and Matan Companies promises to add unparalleled value to tenants and stakeholders.

With the construction of the first 3 buildings complete, Commonwealth Commercial Partners looks forward to leveraging its expertise in facilities management to ensure seamless operations, elevate tenant experiences, and drive success for businesses housed within Northlake II.

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.

Northlake II

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Sales and Leasing Transactions announced in Richmond, VA 4.21.23

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Tahiri Capital purchased 6,682 square feet at 13354 Midlothian Tpke. in Chesterfield for $915,000 from Burgess Enterprises. Eric Hammond and Tucker Dowdy with Commonwealth Commercial Partners represented the seller.

Spectra Services leased 9,000 square feet at 12662 Bermuda Triangle Road in Chesterfield. Ben Bruni, SIOR and David Williams represented the landlord.

Frith, Anderson, Peake PC leased 1,869 square feet at 4198 Cox Road in Henrico. Eric Hammond and Russell Wyatt represented the landlord and Jamie Galanti and Eliza Izard represented the tenant.

Civica Foundation purchased 9.4 acres at 9401 Courthouse Road in Chesterfield County for $795,400 from Economic Development Authority of the County of Chesterfield. Ben Bruni, SIOR and Carl Blackwell represented the buyer.

Nallapaneni Consultants leased 1,617 square feet at 4510 Cox Road in Henrico. Eric Hammond, Russell Wyatt and Eliza Izard represented the landlord and Tucker Dowdy represented the tenant.

HNTB Corp. leased 2,075 square feet at 4510 Cox Road in Henrico. Eric Hammond, Russell Wyatt and Eliza Izard represented the landlord.

HG Real Estate purchased 68 acres at 4579 Old Fredericksburg Road in Goochland County for $700,000 from Guza Investments. C. Ryan Fanelli and Joe Buhrman represented the seller and Brent Altaffer and Randy Cosby represented the buyer.

133354 Midlothian Turnpike

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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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BizSense The Pipeline: Commercial Real Estate Roundup for 10.7.22

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Posted on 10/7/2022 –The Pipeline: Commercial real estate roundup for 10.7.22

DLBR LLC purchased 3,120 square feet at 10384 Dow Gil Road in Hanover for $675,000 from 10384 Dow Gil Road LLC. Commonwealth Commercial Partners’ Colton Konvicka represented the buyer and Michael Mayhew and Ben Bruni represented the seller.

Aramin Real Estate purchased 2,420 square feet at 802 W. Broad St. in Richmond for $480,000 from Tommy George Sotos and Tammy Marie Sotos. Tucker Dowdy and Michael Good represented the seller.

NEYRA Industries leased 10,500 square feet at 1109-1111 Oak St. in Richmond. Ben Bruni and Russell Wyatt with Commonwealth Commercial Partners represented the tenant.

The Law Offices of Michael F. Magee PLC leased 200 square feet at 1700 Huguenot Road, 2E, in Chesterfield. Ben Boykin represented the landlord.

Richmond Therapy leased 150 square feet at 1700 Huguenot Road, 2B, in Chesterfield. Ben Boykin represented the landlord.

Master Center for Addiction Medicine leased 1,296 square feet at 2505 Pocoshock Place in Chesterfield. Tucker Dowdy and Michael Good represented the landlord.

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September Personnel New Hires and Promotions

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In September, Commonwealth Commercial was pleased to announce the following new hires:

New Hire – Christopher Wells

Please join us in welcoming Chris Wells to our Richmond Property Management team. Chris is a graduate of Longwood University and comes to us with prior property management experience. Most recently he was with Chesterfield Commercial Realty.

Promotion – Danielle Hodson

​​​​​​​We are pleased to announce that Danielle Hodson has recently been promoted to Assistant Property Manager in the Richmond Office. Danielle started with our firm in December of 2021.

DCP New Hire – David Mayhew

​​​​​​​David Mayhew joins DCP as a project superintendent. He has 24 years of experience as a superintendent and has been in trades for 35 years.

New Hire – Angela Hoffman

We are pleased to announce that Angela Hoffman is now part of the CCP family. Angela started as an Accounts Payable temp in Financial Services.

DCP New Hire – Robert Augst

​​​​​​​DCP is excited to welcome Robert Augst to the team as Project Manager. With seven years of industry experience in both estimating and project management, he is experienced in projects across a variety of product types, including: Health Care, K-12, Office, and Corporate, Residential, Sports Facility, Multifamily, Historical Tax Credit, Hotel and Hospitality, and Industrial.

New Hire – Nick Schultz

Nick joined Commonwealth Commercial in August 2022 as a Building Technician in Tampa, Florida. Nick brings many years of commercial property maintenance experience to CCP.

New Hire – Tiffany Wood

Please join us in welcoming Tiffany Wood as CCP’S new Property Administrator in our Nashville CBD office where she will support our management team on operations for Philips Plaza. She has over 10+ years’ experience as a Property Manager in residential property management in the Austin, TX region.

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47 mixed-use parcels in Richmond sell for almost $22M

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Posted on 12/21/2021 by Katherine Schulte at Virginia Business

Seven bundles of properties totaling 47 parcels in Richmond sold for almost $22 million, Commonwealth Commercial Partners LLP announced last week.

The mixed-use properties are located in Richmond’s Fan District and consist of retail, office and restaurant space, as well as about 24 apartments and 267 parking spaces.

Richmond-based Eck Enterprises LLC sold the properties to Charlotte, North Carolina-based Carolina Capital Real Estate Partners. Kit Tyler, senior vice president at CCP, and Tucker “Nash” Warren, senior associate at CCP, represented the seller in the three-contract sale that closed Dec. 15.

Continue reading the full article

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Commonwealth Commercial Closes Sale of Eight Mixed-Use Properties in Richmond’s Fan District

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Richmond, VA. – Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, VA., recently brokered the sale of eight mixed-use properties at 1715, 1719, 1723, and 1727 W. Main Street, 1504, 1518, 1520, and 1603 W. Cary Street in Richmond’s Fan District. CCP represented the seller, Eck Enterprises, LLC, and Abhijun Gupta from Taylor Properties represented the purchaser, RPNA Capital, LLC.

Kit Tyler, Senior Vice President at CCP, and Tucker “Nash” Warren, Senior Associate at CCP, negotiated the mixed-use properties’ sale that closed on October 14th for a price of $3 million. The eight properties consist of 13 one- two- and three-bedroom garden apartments, two townhouses, and three commercial units. The buildings were part of the Uptown Portfolio, a large assemblage of real estate holdings owned and developed by Eck Enterprises, LLC.

Praveen Gupta, principal partner at RPNA Capital, LLC is a resident of Henrico County and has been actively investing in the Richmond Fan area.

The Uptown Portfolio consists of more than 100 retail, restaurant, office, and multifamily properties concentrated within a 10-block area along West Main and West Cary Streets, just west of the VCU Monroe Park Campus. CCP manages the listing for all the properties in the Uptown Portfolio.

“Representing the sale of Eck Enterprises’ Uptown Portfolio has been a great honor for Nash and me,”

said Kit Tyler. “The properties sold in this transaction included a well-kept assortment of commercial and residential units. The Sellers took exceptional care of their properties as well as their tenants. This will be of great value to the new owners, RPNA Capital, LLC.”

News regarding the sale of other properties within the Uptown Portfolio will be shared after the closing date of the transactions. For more information about Commonwealth Commercial Partners, LLC, visit commonwealthcommercial.com.

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, Columbus OH, Kansas City MO, St. Louis 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.

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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.

Continue reading the full article

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Commonwealth Commercial Completed Five Transactions this Week

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Richmond, VA – August 20, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Myrandontash, Inc. dba The Chrysm Institute of Esthetics leased 3,990 SF at 21 Enterprise Parkway in Hampton. Gresh Wall represented the Tenant.
  • GMA Interventions, LLC leased 4,132 SF at 5101 Cleveland Street in Virginia Beach. Gresh Wall represented the Landlord.
  • 40 Wellness LLC dba Hand & Stone leased 590 SF at 5300 Hickory Park Drive in Henrico County.  Eric Hammond and Michael Good represented the Landlord.
  • Sleeping Dog, Ltd. Leased 8,100 SF at 1329 E. Cary Street in the City of Richmond. Kit Tyler and Michael Good represented the Landlord.
  • Old Washington Highway, LLC purchased 32,000 SF on 5.32 acres at 10441 Washington Highway in Henrico County from G&G Motorcycles, Inc. for $2,900,000. Ben Bruni and David Williams 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, 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.

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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.

Continue reading the full article

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