Tech startup moving downtown HQ to Scott’s Addition

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Posted on 2/27/2018 by Mike Platania on Richmond BizSense

A local startup is sliding back onto familiar grounds as it moves its headquarters from downtown to Scott’s Addition.

Blueswipe, a 5-year-old company that provides payment processing software and hardware for small to mid-sized businesses, is relocating its home base to the recently redeveloped HandCraft building at 1501 Roseneath Road.

The company, run by CEO Tim Ryan, leased the entire 6,400-square-foot second floor of the 87,000-square-foot building that’s been transformed in recent years from an industrial laundry facility to modern office, brewery and retail space.

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Commonwealth Commercial Completed Five Transactions This Week

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Richmond, VA – March 9, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Andrew Brumberg leased 815 SF at 8503 Patterson Avenue, Henrico County.  Evan Ocheltree represented the Landlord.
  • Blueswipe, LLC leased 6,460 SF at 1501 Roseneath Road in City of Richmond.  Fred Plaisted represented the Tenant.
  • Capital Square Acquisitions LLC purchased a 5,100 SF office/medical building at 300 N. Washington Highway in Hanover County for $2,100,000.  Craige Pelouze represented the Purchaser.
  • Genova’s Pizza Express, LLC purchased a 3,420 SF building at 2723 Buford Road in Chesterfield County for $265,000.  Morgan Trible represented the Purchaser.
  • Earl Thompson, Inc. purchased 122 acres at 3040 Sandy Hook Road in Goochland County for $1,075,000.  Joe Buhrman and Randy Cosby 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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Reading PA 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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Commonwealth Commercial Completes Two Transactions This Week May 12, 2017

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Richmond, VA – May 12, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Shingh Suisha, Inc. purchased a 10,000 SF building at 6611 Elkhardt Road in Chesterfield County for $245,000.  Fred Plaisted and Evan Ocheltree represented the Seller.
  • Village Bank Mortgage leased 5,654 SF at 15871 City View Drive in Chesterfield County.  Jamie Galanti 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, 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.

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Commonwealth Commercial Partners Reports Eleven Transactions This Week

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Richmond, VA – April 7, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Jonathan C. Kinney, Trustee purchased 280 acres of land in Royal Way in Montross in Westmoreland County for $560,000.00. Randy Cosby, Chris Jenkins and Bill Barnett represented the Seller.
  • Todd H. West and Linda B. West purchased 99 acres on Courthouse Highway in Isle of Wight County for $153,500.00. Hank Campbell represented the Seller.
  • Kenneth Via leased 1,200 SF at 1056 Richmond Tappahannock Highway in King William County. Michael Morris represented the Landlord.
  • HudSun, LLC leased 1,975 SF at 1407 South Main Street in Nottoway County. Morgan Trible represented the Landlord.
  • HudSun, LLC leased 2,000 SF at 1800 South Main Street in Prince Edward County. Morgan Trible represented the Landlord.
  • Reliable Homecare, LLC leased 196 SF at 12201 Gayton Road in Henrico County. Tucker Dowdy and Nash Warren represented the Landlord.
  • Jones Lang LaSalle Americas, Inc. leased, 6,056 SF at 1001 Boulders Parkway in Chesterfield County. Russell Wyatt and Jamie Galanti represented the Landlord.
  • Americans for Prosperity leased 2,200 SF at 9003 Quioccasin Road in Henrico County. Tucker Dowdy represented the Landlord.
  • Trillium Drivers leased 1,000 SF at 6061 Harbour Park Drive in Chesterfield County. Tucker Dowdy represented the Landlord.
  • Matthew Escobar Insurance Agency, Inc. leased 1,200 SF at 14846 Hull Street Road in Chesterfield County. Tucker Dowdy represented the Tenant.
  • Morse Investigation Services leased 1,250 SF at 4912 West Broad Street in Henrico County. Nash Warren represented the Tenant.

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.

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HISTORIC CARYTOWN BUILDING WILL BECOME 32 LUXURY APARTMENTS

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FOR IMMEDIATE RELEASE
March 16, 2017

HISTORIC CARYTOWN BUILDING WILL BECOME 32 LUXURY APARTMENTS
Building formerly housed Virginia Commission for the Blind

 

RICHMOND, Va. — March 15, 2017 — One of Carytown’s most famous historic buildings will soon become 32 luxury apartments. The former site of the former Virginia Commission for the Blind building at 3003 Parkwood Avenue in Richmond was sold by Commonwealth Commercial Partners.

“The property is in a fabulous location offering future residents easy access to all of the amenities in Carytown,” said Sam Worley of Commonwealth Commercial Partners, who represented the Seller along with Chris Jenkins and Ryan Fanelli.

The purchaser, Crescent Preservation and Development of Richmond paid $1,687,500 with the intention of converting the property to apartments using historic tax credits. Crescent Preservation & Development Co. is a real estate investment management firm specializing in the acquisition and adaptive reuse and/or substantial rehabilitation of affordable housing and historic structures using federal, state and local incentives to produce sustainable communities.

Walter Parks Architects of Richmond has been retained for the renovation design and Cite Design of Richmond has been hired for landscaping improvements. Monument Construction has been selected as the general contractor.

Historical Significance

The 16,288-square foot, U-shaped building, originally constructed in 1941, sits on the edge of Carytown at the corners of Parkwood and Sheppard Streets. Built during the Colonial Revival style era, the building sits on .68 acres, and features Flemish-bond brick exterior walls, a brick belt course and corner quoins.

The building was constructed for $80,000 (including WPA funds) under the direction of Virginia Governor James Price. He appointed Lucian Louis Watts and the Virginia Commission for the Blind to oversee construction of the building, which came to represent Virginia’s significant efforts to address the social welfare of the blind population in the Commonwealth.  The building served as executive offices of the Commission until 1980, when it moved to Azalea Avenue. The property was most recently a senior/retirement home known as Parkwood Manor.

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Nashville, TN; Jacksonville, Tampa, FL; Reading, PA.; Greensboro, Raleigh, and Charlotte, NC.; Greenville, SC, and Hampton Roads, VA. Founded in 1996, the firm provides expertise to office, industrial, retail, hospitality, rural and urban land, and investment clients. CCP and affiliates service lines include Property Management, Asset Management, Fund Management, Hospitality Management, Commercial Sales & Leasing, and Land Sales. Supported by proprietary systems that provide consistent, proactive solutions, the team delivers a broad range of services to support the needs of large institutional, regional, and local clients. Our clients value the entrepreneurial, hands-on approach that is fostered by our culture of accountability, communication, and responsiveness. For more information, please visit www.commonwealthcommercial.com.

CONTACTS:
Sam Worley
804-433-1813
sworley@commonwealthcommercial.com

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Mixed-Use Community Grows By Adding A Warehouse To The Mix

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FOR IMMEDIATE RELEASE
March 6, 2017

Mixed-Use Community Grows By Adding A Warehouse To The Mix

RICHMOND, VA (March 6, 2017) – Commonwealth Commercial Partners, LLC is pleased to have represented the owners in the sale of 5100 Old Osborne Turnpike in Rocketts Landing. The property features an almost 30,000- square foot warehouse on 1.38 acres. The sales price was $1,850,000.

Located in Henrico County, the property is surrounded on three sides by the mixed-use Rocketts Landing development. Rocketts Landing acquired the property so that it can expand its community. Newly rezoned, initial plans for the property include a parking lot and 12 townhomes. Rocketts Landing recently began construction of a new apartment building adjacent to the property.

The property was presented for sale by Sam Worley and Ryan Fanelli of Commonwealth Commercial.

“We’re glad to have helped the seller and the logical buyer as the wonderful Rocketts Landing community continues to grow,” Worley said.

Most recently, it housed Virginia Rigging and Crating’s commercial and industrial moving and storage business.

 

ABOUT COMMONWEALTH COMMERCIAL PARTNERS

Commonwealth Commercial Partners is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices in Nashville, TN; Jacksonville, Tampa, FL; Reading, PA.; Greensboro, Raleigh, and Charlotte, NC.; Greenville, SC, and Hampton Roads, VA. Founded in 1996, the firm provides expertise to office, industrial, retail, hospitality, rural and urban land, and investment clients. CCP and affiliates service lines include Property Management, Asset Management, Fund Management, Hospitality Management, Commercial Sales & Leasing, and Land Sales. Supported by proprietary systems that provide consistent, proactive solutions, the team delivers a broad range of services to support the needs of large institutional, regional, and local clients. Our clients value the entrepreneurial, hands-on approach that is fostered by our culture of accountability, communication, and responsiveness. For more information, please visit www.commonwealthcommercial.com.

 

CONTACT:

Sam Worley
Senior Vice President – Partner
Commonwealth Commercial Partners
804-433-1813
sworley@commonwealthcommercial.com

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Lingerfelt CommonWealth Sells Richmond Marriott Short Pump in Richmond, VA

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Posted on 3/2/2017 on PR Newswire

RICHMOND, Va., March 2, 2017 /PRNewswire/ — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the sale of the 243 room full-service Richmond Marriott Short Pump for $38.5 million.  The purchaser was a partnership of regional investors.

Continue reading the full article here.

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Commonwealth Commercial Completes Four Transactions This Week February 24, 2017

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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.

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Carytown space trades maternity for stationery

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Posted by Michael Shaw on 7/12/2016 on RichmondBizSense.com

Carytown retail space doesn’t stay vacant for long.

Paper Source, a national retailer that sells invitations, announcements, gift wrap and stationery, is set to move into 3124 W. Cary St. in Cary Court later this year. The 2,200-square-foot storefront was left empty by maternity shop Hip to Be Round, which shut down in May.

The Richmond store will be Paper Source’s fifth location in Virginia, joining shops in Northern Virginia and one in Virginia Beach. It has more than 100 locations nationwide.

Members from Paper Source’s corporate headquarters in Chicago were reached but would not respond to requests for comment about its new Richmond storefront.

Brokers Jim McVey and Michael Morris of Commonwealth Commercial Partners represented Sauer Properties, which owns Cary Court, in the Paper Source lease.

Continue reading the full article here.

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Commonwealth Commercial Evaluates Rural Land Market’s Upward Trend

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FOR IMMEDIATE RELEASE
February 26, 2016

Commonwealth Commercial Evaluates Rural Land Market’s Upward Trend
Over 30 rural Virginia counties report nearly 200 land transactions in 2015

 

Richmond, Va. – Feb. 26, 2016 – The large-acreage rural real estate market in Central Virginia is heading toward pre-recession values in terms of price per acre and total transactions, according to Commonwealth Commercial Partners, LLC.

In 2015, Commonwealth Commercial reported nearly 200 transactions, each of which totaled 100 acres or more, throughout 31 rural counties in the region. These transactions, with an average cost of $2,166 per acre, demonstrate an upward trend that has steadily continued since 2009. There are a significant number of buyers and sellers in the market, with over $120 million in total volume sold and over 56,000 rural acres traded in the last year.

“Between falling oil prices, the unpredictable stock market and ongoing political races, many investors prefer ‘hard’ assets,” said Bill Barnett, senior vice president and partner, Commonwealth Commercial. “Land has been an attractive alternative asset. Buyers and sellers need market-based, geographical information on their assets in order to reach their financial goals.”

Counties with the most transactions include Buckingham, Amelia, Southampton and Prince Edward. Counties that saw the highest average price per acre include Goochland, Powhatan, Cumberland and Louisa.

“The market is volatile from both a macro- and micro-economic perspective. Farmers are facing the third straight year of weak grain prices, leading to less agricultural land being bought or sold,” said Hank Campbell, first vice president, Commonwealth Commercial. “This leaves timberland and recreational property to be the majority of rural land sold, which typically trades at a lower valuation.”

Commonwealth Commercial has been performing market-based research for over 20 years, and currently researches 60 rural counties throughout the state. Commonwealth Commercial has eight land-focused real estate agents, part of a vertically integrated real estate firm headquartered in Richmond, Va.

 

About Commonwealth Commercial
Commonwealth Commercial Partners, LLC, with offices in Richmond and the Hampton Roads region of Va.; Nashville, Tenn.; Greensboro, N.C.; and Tampa and Jacksonville, Fla.; is a full-service commercial real estate firm founded in 1996. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services for office, industrial, retail, multifamily, senior living and investment clients, as well as the brokerage of land, both rural and development sites.

For more information, visit www.commonwealthcommercial.com.

 

Contact Bill Barnett
Telephone 804-433-1821
Email bbarnett@commonwealthcommercial.com

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