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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Commonwealth Commercial Completed Four Transactions this Week

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Richmond, VA – August 6, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Utility Partners of America, LLC leased 22,500 SF at 8310 Shell Road in Chesterfield County.  David Williams and Ben Bruni represented the Landlord.
  • Richmond EMG & Physiatry Associates leased 823 SF at 5700 Old Richmond Avenue in Henrico County.  Tucker Dowdy and Michael Good represented the Landlord.
  • L&D Land Trust purchased 33,855 SF at 10223 Sycamore Drive in Hanover County from Lakeridge Properties, LLC for $2,400,000.  Ben Bruni and Ryan Fanelli represented the Seller.
  • Urbanna at Hioaks, LP purchased 12.27 acres at 6850 Atmore Drive in the City of Richmond from FW Properties II, LLC for $725,000.  Ryan Fanelli and Sam Worley 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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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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$80 million mixed-use apartment project planned near Scott’s Addition; Buz and Ned’s would have to move

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Posted on 7/12/2021 by Colbi Edmonds at Richmond Times-Dispatch

A 300-unit apartment complex along with retail space is planned for North Arthur Ashe Boulevard on land where Buz and Ned’s Real Barbecue and other businesses are now.

Level 2 Development and SJG Properties, two development companies based in Washington, have acquired five parcels totaling 3.3 acres for the planned $80 million mixed-use project, the companies announced Monday.

The project would be one of the largest apartment complexes in the Scott’s Addition area.

“Even though we’re Washington developers … we love Richmond, Virginia,” said David Franco, principal and co-founder of Level 2 Development. “We’re very familiar; we’re very excited. There’s a lot of growth opportunity in Richmond. We’ve seen businesses coming to Richmond and population growth in the area. So we’re really excited about the prospect of working in Richmond.”

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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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Uber co-founder’s ghost kitchen startup buys into Scott’s Addition

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Posted on 6/29/2021 by Mike Platania at Richmond BizSense

A ghost kitchen startup from an Uber co-founder has taken a bite out of Scott’s Addition.

Earlier this month an entity tied to City Storage Systems bought the building at 2812 W. Broad St. for $750,000. The one-story, 6,100-square-foot building is just east of the Hofheimer Building.

City Storage Systems is the parent company of Cloud Kitchens, a ghost kitchen startup from Uber co-founder Travis Kalanick.

Kalanick resigned from the ride-sharing company, under pressure from investors, in 2017 as it faced controversies surrounding allegations of sexual harassment and sexism in the workplace.

He then started Cloud Kitchens, which through the ghost kitchen model offers rentable kitchens to restaurateurs for delivery-only business.

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Commonwealth Commercial Completed Nine Transactions this Week

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Richmond, VA – May 14, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • Wild Card Services, Inc. leased 1,500 SF at 11424 Air Park Road in Hanover County. Thomas Lynde, Ben Bruni and Jim McVey represented the Landlord.
  • The Davey Tree Expert Company leased 393 SF at 201 N. Washington Highway in Hanover County.  Eric Hammond represented the Landlord.
  • Caza Jalisco, Inc. leased 3,100 SF at 13547 Waterford Place in Chesterfield County.  Jim McVey represented the Tenant and Michael Morris represented the Landlord.
  • DSM Virginia Properties, LLC purchased 4,338 SF at 1511 Brook Road in the City of Richmond from Lyons Properties, LLC for $590,000.  Ben Bruni and Russell Wyatt represented the Purchaser.
  • Glass America leased 3,000 SF at 10199 Maple Leaf Court in Hanjover County.  Colton Konvicka represented the Tenant.
  • Dr. Kenneth Qiu dba Eudoc PLLC leased 1,204 SF at 1520 Huguenot Road in Chesterfield County.  Tucker Dowdy represented the Tenant.
  • Dominick Attilano dba Freetom Prosthetics leased 1,552 SF at 1321-1/2 East Main Street in the City of Richmond.  Eric Hammond represented the Landlord.
  • Cullop’s Import, Inc. renewed its 2,186 SF lease at 11002-H West Broad Street in Henrico County.  Jim McVey represented the Landlord.
  • Caza Jalisco, Inc. leased 3,100 SF at 13547 Waterford Place in Chesterfield County.  Jim McVey represented the Tenant and Michael Morris 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, 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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Commonwealth Commercial Completed Six Transactions this Week

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Richmond, VA – May 7, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • Tycon Medical Systems, Inc. leased 3,279 SF at 2034 Dabney Road in the City of Richmond.  David Williams & Colton Konvicka represented the Landlord and Eliza Izard & Ben Bruni represented the Tenant.
  • Two Compadres Taqueria Bar & Grill, Inc. leased 1,159 SF at 13826 Village Place Drive in Chesterfield County.  Thomas Lynde, Jim McVey and Michael Morris represented the Landlord.
  • Chesterfield Fencing and More, LLC leased 4,692 SF at 710 Perry Street in the City of Richmond.  Tucker “Nash” Warren and Kit Tyler represented the Landlord.
  • Virginia Agribusiness Council leased 1,509 SF at 9323 Midlothian Turnpike in Chesterfield County.  Eliza Izard represented the Tenant.
  • Tulips Periodontics & Dental Implants leased 1,698 SF at 5921 Harbour Lane in Chesterfield County.  Thomas Lynde and Tucker Dowdy represented the Tenant.
  • ProSource Professional Cleaning Services leased 1,426 SF at 6290 Old Warwick Road in the City of Richmond.  Colton Konvicka and Ryan Fanelli 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, 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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Commonwealth Commercial Completed Six Transactions this Week

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Richmond, VA – April 30, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • #1 A LifeSafer Distribution, Inc. leased 2,194 SF at 2600 E. Parham Road in Henrico County.  Chip Louthan represented the Landlord.
  • Hurricane Fence Co. leased 1,896 SF at 1108 Dinneen Street in the City of Richmond.  Colton Konvicka and Ben Bruni represented the Tenant.
  • Aptive Environmental, Inc. leased 1,784 SF at 6290 Old Warwick Road in the City of Richmond.  Colton Konvicka and Ryan Fanelli represented the Landlord.
  • Galleria Partners of Lynchburg, LLC purchased 24,000 SF at 915 W. Main Street in Lynchburg from Lynchburg Community Action Group for $750,000.  Carl Blackwell represented the Purchaser.
  • Cebelle Holdings Corporation purchased 5.542 acres at 10985 Leadbetter Road in Hanover County from Leadbetter Property & Development, Inc. for $888,000.  David Williams represented the Purchaser.
  • Madjesty, LLC purchased 1,500 SF at 112 Midpoint Drive in Goochland County from Crozier Land Company, LLC for $92,000.  Ben Bruni 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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