Top Sales and Leasing Deals in Richmond, VA – January 27, 2023

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Lakeview West LLC and Lakeview Village LLC purchased 10,092 square feet at 111 N. Otterdale Road in Chesterfield for $1.75 million from NTS LLC. Michael Mayhew and Ben Bruni with Commonwealth Commercial Partners represented the seller. Kevin Specter and Mark Specter with Specter Properties represented the buyer.

Upholstery and Fabric Stores leased 17,905 square feet at 12501 Patterson Ave. in Goochland. C. Ryan Fanelli with Commonwealth Commercial Partners represented the tenant.

Sweetie Boy Gems leased 10,000 square feet at 2362 Greystone Court in Goochland. Ben Bruni and Michael Mayhew with Commonwealth Commercial Partners represented the landlord.

Synergy Technical leased 3,102 square feet at 2201 W. Broad St. in Richmond. Tucker Dowdy represented the tenant.

River Road Psychiatry leased 588 square feet at 5101 Monument Ave. in Henrico. Tucker Dowdy and Jamie Galanti represented the landlord.

Tracey McLean leased 600 square feet at 1807 Huguenot Road in Chesterfield. Ben Boykin and Eric Hammond represented the landlord.

Qiuyan Zhang leased 775 square feet at 6740 Forest Hill Ave. in Richmond. Eric Hammond and Tucker Dowdy represented the landlord.

Mindful Movement Physical Therapy and Yoga LLC and Lyra Parker LLC leased 898 square feet at 8921 Three Chopt Road in Henrico. Tucker Dowdy and Michael Good represented the landlord.

Sweetie Boy Gems leased 10,000 square feet at 2362 Greystone Court in Goochland. Ben Bruni and Michael Mayhew represented the landlord.

Lakeview West LLC and Lakeview Village LLC purchased 10,112 square feet at 6500 Harbour View Court in Chesterfield for $1.5 million from Mountain Blue, Ltd. Eric Hammond and Michael Good represented the seller.

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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.

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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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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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Carytown to get a new bagel shop

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Posted on 10/04/2021 by Mike Platania at Richmond BizSense

Another bagel shop is rolling into the city, this time in Carytown.

Chewy’s Bagels, which has been a pop-up shop and wholesaler since its launch in 2019, is preparing to open at 3138 W. Cary St. in Cary Court.

Ashley Cricchio, a Maine native and VCU alum, started Chewy’s two years ago, selling her sourdough bagels initially at Outpost Richmond in Forest Hill.

She expanded to selling wholesale to local markets like Union Market, Little House Green Grocery and Ellwood Thompson’s. In the spring she moved into commissary kitchen and food business incubator Hatch Kitchen in South Richmond, while keeping the idea of her own shop in the back of her mind.

“I had known that I was going to start outgrowing Hatch soon after I moved into one of their rooms. I’ve been feeling kind of the pressure of growth since moving in in the spring,” Cricchio said.

“Making bagels is really equipment-intensive and labor-intensive,” she said. “I was willing to make it work until the right place came along.”

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Richmond region’s first dog park-bar opening near Scott’s Addition

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Posted on 9/20/2021 by Mike Platania at Richmond BizSense

The latest entertainment option headed to the Scott’s Addition area has something to offer for both humans and their four-legged friends.

Ruff Canine Club, which looks to be the first dog park-bar in the Richmond region, is preparing to open at 1924 Ellen Road with nearly an acre of grass for customers’ dogs to play and a bar serving beer, wine and hard seltzer.

Behind the concept is Natalie Moore, a Tennessee native who moved to Richmond last year after finishing a graduate degree in public policy from UVA.

Moore said she got a job locally as a fundraiser for Dominion Energy’s political action committee in the midst of pandemic lockdowns. During that time, she and her boyfriend made friends in town with the help of their dog Fitzgerald.

“We had our dog in our little apartment (in Carytown) and it had a small turf area. Everyday we’d take drinks out there because we had nothing else to do,” Moore said.

“Our dogs would play and we’d stand along the fence and have beers after a day of Zoom. That’s how we made so many of our friends. I just wanted it on a bigger scale.”

She eventually decided to turn the idea into a business after researching other dog park bars throughout the country. A few trips to the likes of Fetch Park in Atlanta led Moore to start looking for a space in the Richmond area.

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Commonwealth Commercial Completed Three Transactions Last Week

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Richmond, VA – September 27, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Achilles Foot and Ankle Center, Inc. leased 1,719 SF at 11801 Ironbridge Road in Chesterfield County.  Russell Wyatt and Tucker Dowdy represented the Tenant.
  • Blue Box Air, LLC renewed 15,000 SF at 1800 W. Marshall Street in the City of Richmond.  Russell Wyatt and Ben Bruni represented the Landlord.
  • SLA Construction, LLC, Trustee of the 5141 Springfield Road Land Trust purchased 2 acres of land at 5141 Springfield Road in Henrico County from Ferramosca Properties, LLC for $425,000.  Ryan Fanelli 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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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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