CoStar Power Broker Quarterly Deals Winners for Q1 Announced

Please help us in congratulating members of our Sales & Leasing team for being recognized by CoStar Group as 2023 CoStar Power Broker Quarterly Deals winners for Q1!

Top Sales Deal
Submarket – Airport Ind
Property Type – Industrial
Sale Price – $24,150,000
Seller Reps: Russell Wyatt & Ben Bruni, SIOR

Top Industrial Leasing Deal
Goochland Ind
SF Leased – 18,362
Tenant Name – Upholstery and Fabric Stores
Tenant Reps: C. Ryan Fanelli

Top Office Leasing Deal
Submarket – Parham East
SF Leased – 33,900
Tenant Name – Colonial Webb Contractors Co.
Landlord Reps: Michael Good & Tucker Dowdy

Top Retail Leasing Deal
Submarket – Midlothian West Ret
SF Leased – 25,000
Tenant Name – Bangers and Dinks LLC
Tenant Reps: Thomas Lynde & Colton Konvicka

CoStar Winners

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Sales and Leasing Transactions announced in Richmond, VA 4.21.23

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 HammondRussell 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 HammondRussell 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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Sales and Leasing Transactions announced in Richmond, VA

Hamlet Watkins Centre purchased 30 acres at Watkins Centre Parkway and East West Road in Chesterfield for $4.5 million from Watkins Land LLC. Commonwealth Commercial Partners’ Chris JenkinsJoe Buhrman, and Bill Barnett represented the seller and Randy Cosby represented the buyer.

Ortho Watkins Building LLC purchased 8.551 acres at Watkins Centre Parkway and East West Road in Chesterfield for $2.7 million from Watkins Land LLC. Bill BarnettJoe Buhrman and Chris Jenkins with Commonwealth Commercial Partners represented the seller.

Raymond Engineering- Georgia Inc. leased 3,006 square feet at 7130 Glen Forest Drive in Henrico. Eric HammondEliza Izard, and Russell Wyatt represented the landlord and Tucker Dowdy and Ben Boykin represented the tenant.

Burton & Associates leased 2,471 square feet at 4198 Cox Road in Henrico. Eric HammondEliza Izard, and Russell Wyatt represented the landlord.

Safe Haven Security Services leased 521 square feet at 201 N. Washington Hwy. in Hanover. Eric Hammond and Michael Good represented the landlord.

Gray and Pape Heritage Management leased 2,100 square feet at 2119 E. Franklin St. in Richmond. Ben Boykin and Tucker “Nash” Warren represented the landlord.

Morse Investigation Services leased 1,460 square feet at 4196 Innslake Drive in Henrico. Ben Boykin and Tucker “Nash” Warren represented the tenant.

Coharie Enterprises dba Stretch Zone leased 1,315 square feet at 14169 Midlothian Tpke. in Chesterfield. Thomas Lynde represented the tenant.

Crosswinds,LLC purchased 2,322 square feet at 3918 Grove Ave. in Richmond for $687,500 from CBL Associates. Jamie Galanti represented the seller.

Richard and Anita Hutchinson purchased 10,000 square feet at 11012 Richardson Road in Hanover for $1,450,000 from PN Construction. Ben Bruni, SIOR and Michael Mayhew represented the buyer.

Bocce Two LLC purchased 9,861 square feet at 11310 Business Center Drive in Chesterfield for $1,270,000 from Flexible Holdings LLC. Colton Konvicka and Michael Mayhew represented the buyer.

Weidmuller Inc. purchased 4.715 acres at 630 Johnston Willis Drive in Chesterfield for $1,117,000 from Whitco. Tucker “Nash” Warren and C. Ryan Fanelli represented the buyer.

Hamlett

Ortho

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Bill Barnett’s Lay of the Land Article

February 17, 2023 – Richmond, Virginia – BizSense Article

When he’s not helping others buy and sell land, Bill Barnett is often out there enjoying his own.

The senior vice president and partner at Commonwealth Commercial spends much of his free time on the 175 or so acres he owns along the Chickahominy River in Charles City County.

That’s when he’s not at his primary home in Mathews County, where he can be found fishing in the East River and Chesapeake Bay.

An avid fisherman and hunter, the 76-year-old said his personal love of land and of experiencing nature has carried over into his profession brokering real estate deals. Now in his 50th year in the business, representing buyers and sellers of typically rural acreage, Barnett said the blending of business and pleasure gives him a sort of cred with his clients.

“I have a passion for the outdoors where I can walk the walk, not just talk the talk, and help people who enjoy that kind of property,” he said. “Whether it’s for development, or somebody who wants a place to just have a personal retreat or a family retreat, if you have experienced that, you have a lot more empathy with what their goal is.”

A Charles City native, Barnett bought his land there about 25 years ago, though it was only three years ago that he built a cabin on it, bringing his dwelling count to three. He and wife Cindy, an agent with residential brokerage Long & Foster Real Estate, also have a home in town near the University of Richmond.

“We’re over-housed,” Barnett said with a laugh. “It’s not financially the most prudent plan.” Barnett at the 175 acres he owns in Charles City County.

His Charles City purchase continues a family tradition that goes back centuries. Barnett said a search of county deed books revealed that his ancestors owned land in Charles City as far back as the 18th century.

“The earliest Barnetts that I could find, they bought land in the 1770s and paid for it in shillings. It was still a colony of England.”

Barnett said the cabin allows him and his two daughters more time to enjoy what he proudly describes as primarily swampland.

“I bought it because it was swamp, because it’s bald cypress trees. A friend of mine, when I took him hunting, he turned to me and said, ‘Where are the dinosaurs?’ It looks like a primeval place,” he said. “But to me, it’s fascinating, because of the animals we see.

“I grew up hunting and fishing in places that a lot of people wouldn’t want to go. But it’s teeming with wildlife, so it’s just fun to watch otters and minks and coyotes and bobcats and eagles, as well as ducks and geese, deer and turkey,” he said.

While his affinity for wildlife may seem to some to contradict his hunting hobby, Barnett said they actually go hand in hand.

“These animals – any site has a carrying capacity. Only so many deer can live here before it becomes overpopulated and they become sick or starved,” he said. “To harvest a reasonable amount of game is just part of the life cycle, otherwise it’s going to be eaten alive or die from disease.”

Barnett’s hunting and fishing have taken him to locales across the country, as well as to countries in Latin and South America. While sometimes exotic, he said such travels also increase his appreciation for what his home state has to offer.

“If you travel – somebody said this, I didn’t come up with it – the biggest single benefit is greater appreciation of where you are, your home,” he said. “For me, I bought a center-console boat, 20-foot low-rise, to explore the Chesapeake Bay. I said I want to learn more about what’s right here, not just Argentina or Nicaragua or Louisiana.

“I’ve been up and down virtually every mile of tidal rivers on the western shore” of Virginia, he said. “The Eastern Shore is a bit different. Virginia’s blessed with a resource; you just have to look at a map to go experience it.”

Barnett, who joined Commonwealth Commercial in 2001, got his start in real estate by accident, following his dad into the business.

“My father was a residential real estate broker. I didn’t have any interest in selling homes. I wanted the outdoors,” he said.

He went to work for Crawley Joyner, whose Joyner & Co. is now Joyner Fine Properties. Barnett worked for his mentor for 27 years until the business was sold and he switched to Commonwealth Commercial, then a 5-year-old firm.

“I was the only person that came in 2001 that had a dedicated career to land brokerage,” he said. “Now we’ve got probably 10 brokers there that specialize in land: recreational, timber, farms. Some of it is going to be developed or has been developed. I got to work with some wonderful projects, whether it was Innsbrook or Deep Run Business Center or some industrial properties in Chesterfield.”

Among his biggest and most notable deals was the 2014 sale of Brandon Plantation, a 4,600-acre property with a 12,000-square-foot mansion along the James River in Charles City County. Barnett said the sale, in which he represented the buyer, was only the third time the 18th-century property had changed hands.

Barnett also represented, with Joe Buhrman, Henrico County’s Scott family in their sale a year later of Scott Farm, a roughly 100-acre tract now owned by Bill Goodwin’s Riverstone Properties and positioned for development as part of the massive arena-anchored GreenCity project.

Other notable recent deals include 220 acres in Hanover County, where grocery chain Wegmans is planning a distribution facility and regional headquarters. Barnett represented the seller in that deal, along with Buhrman and Chris Jenkins. He also marketed, with Ryan Fanelli, the 900-acre Malvern Hill Farm that in 2018 was bought by the Capital Region Land Conservancy.

Barnett attributes such deals to the relationships he’s built with fellow landowners over the years.

“I’m blessed with the people that I know. I don’t want that to come across as journey-proud or beating my chest with my fist,” he said. “But you spend a lifetime trying to do the right thing, and if that happens, sometimes you earn the trust of people to handle their business for them.”

While he has now worked half of century in real estate, Barnett said retirement remains beyond his view.

“I don’t work the same kind of hours I used to, but I am still full-time in the business because I wake up in the morning and say to myself, ‘What’s going to happen today?’ And I go, ‘Well, I don’t know. Let’s go find out.’ I don’t need an alarm clock, but I wake up between 5 and 5:30 every day and I’m excited.”

Laughing, he added, “My goal in life would be to meet every farmer in Virginia before I die. That won’t happen, but that’s my goal.”

Bill Barnett

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

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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BizSense The Pipeline: Commercial Real Estate Roundup for 8.26.22

Posted on 8/26/2022 –The Pipeline: Commercial real estate roundup for 8.26.22

Congratulations to Ben BruniC. Ryan Fanelli, and Russell Wyatt! Elevate Apartments purchased 12.85 acres at 12301-12313 Jefferson Davis Highway in Chesterfield for $3 million from Caldwell Reese Enterprises LLC and Partners Investment Group LLC. Ben Bruni, Ryan Fanelli and Russell Wyatt with Commonwealth Commercial Partners represented the seller.

Our Sales and Leasing team also reported the following transactions last week:

Turn two LLC purchased 2,700 square feet at 2570-B Gaskins Road in Henrico for $625,000 from Three Chopt Gaskins LLC. Tucker Dowdy and Russell Wyatt represented the seller.

KLS Properties purchased 2,100 square feet at 603 England St. in Hanover for $627,500 from Paul C. Carey and Alesia R. Carey. Ben Bruni represented the buyer.

Crozier Land Co. purchased 15.5 acres at 2240 Oilville Road in Goochland for $943,950 from M. Garland Anderson II. Ben Bruni represented the buyer and Joe Buhrman and Chris Jenkins represented the seller.

    

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CoStar Power Broker Q2 Quarterly Deals – Office and Industrial Winner

Please help us congratulate Ben BruniC. Ryan FanelliEliza IzardJamie Galanti, and Russell Wyatt for being recognized by CoStar as a 2022 CoStar Power Broker Quarterly Deals Office and Industrial Winner for Q2!

Ben and Ryan represented the Landlord in their 1-800-Pack-Rat deal where they leased 69,693 SF.

Eliza, Jamie, and Russell represented the Landlord in their Virginia Passenger Rail Authority deal where they leased 15,536 SF.

Congratulations to our Sales and Leasing Team!

text and logo over a dual colored background

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BizSense The Pipeline: Commercial Real Estate Roundup for 8.12.22

Posted on 8/12/2022 –The Pipeline: Commercial real estate roundup for 8.12.22

Congratulations to our Sales and Leasing Team! They reported the top Sales and Lease transactions last week:

Investors Lands Holding of Richmond purchased 6 acres at 9301 Patterson Ave. in Henrico for $1.9 million from Patterson Investments. Sam Worley and C. Ryan Fanelli with Commonwealth Commercial Partners represented the seller.

Old Gaskins LLC purchased 6.72 acres at 711 Old Gaskins Road in Henrico for $1.4 million from Gaskins Centre. C. Ryan Fanelli and Sam Worley with Commonwealth Commercial Partners represented the seller.

Oasis Management Systems leased 14,278 square feet at 303 Ashcake Road in Hanover. Ben Bruni and Russell Wyatt with Commonwealth Commercial Partners represented the tenant.

Virginia Trial Lawyers Association leased 10,333 square feet at 919 E. Main St. in Richmond. Jamie GalantiRussell Wyatt and Eliza Izard with Commonwealth Commercial Partners represented the landlord.

   

   

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BizSense The Pipeline: Commercial Real Estate Roundup for 6.24.22

Posted on 6/24/2022 –The Pipeline: Commercial real estate roundup for 6.24.22

Congratulations to our Sales and Leasing team. We are pleased to report the following transactions from last week:

Chau Cao purchased 5,200 square feet at 1720 E. Hundred Road in Chesterfield for $755,000 from Meadowville Commons.
Colton Konvicka and C. Ryan Fanelli Fanelli with Commonwealth Commercial Partners represented the buyer.

Accu-Tech Corp. leased 8,400 square feet at 2256 Dabney Road in Henrico. Colton Konvicka and Michael Mayhew represented the tenant.

The Sasso Group d/b/a The Sasso Realty Group subleased 4,592 square feet at 7400 Beaufont Springs Drive in Chesterfield. Tucker Dowdy and Michael Good represented the sublandlord.

CSC Leasing Co. leased 7,280 square feet at 3601-3721 Saunders Ave. in Richmond. Russell Wyatt and Ben Bruni represented the tenant.

Home Smart Industries leased 4,000 square feet at 16003 Continental Blvd. in Chesterfield. Colton Konvicka and Chip Louthan represented the tenant.

D&H Construction Services purchased 2,200 square feet at 5403 Chamberlayne Road in Henrico for $340,000 from David Hulburt and Sherry Finneran. Ben Bruni represented the seller.

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BizSense The Pipeline: Commercial Real Estate Roundup for 5.13.22

Posted on 5/13/2022 –The Pipeline: Commercial real estate roundup for 5.13.22

Congrats to our Sales and Leasing team! We are proud to report the following transactions from last week:

KHJ Ashland purchased 20,000 square feet at 10264 Sycamore Drive in Hanover for $3 million from MCF VA III. David Williams with Commonwealth Commercial Partners represented the seller.

1-800-Pak-Rat LLC leased 69,693 square feet at 11511 N. Lakeridge Parkway in Hanover. Ben Bruni and C. Ryan Fanelli with Commonwealth Commercial Partners represented the landlord.

BG Retail leased 6,500 square feet at 7230 Bell Creek Road in Hanover. Morgan Trible and Jim McVey represented the landlord.

Curtis Process Consulting leased 3,711 square feet at 201 W. 7th St. in Richmond. Tucker Dowdy represented the landlord.

Haile Lytton Insurance Agency leased 1,874 square feet at 3410 Hermitage Road in Richmond. Tucker Dowdy represented the tenant.

Structura leased 1,200 square feet at 1208-1212 E. Cary St. in Richmond. Eliza Izard and Michael Good represented the landlord.

First Student leased 4,500 square feet at 603 Marx St. in Richmond. Colton Konvicka and David Williams represented the landlord.

Monica Relvas purchased 1,203 square feet at 1500 Huguenot Road in Chesterfield for $175,000 from Huguenot Property. Tucker Dowdy and Michael Good represented the seller.

Lavega Itzae Farm LLC purchased 26 acres on Darbytown Road & New Market Road in Henrico for $117,000 from Pruitt Properties. Joe Buhrman and Brent Altaffer represented the seller.

Yellow Dragonfly LLC purchased 4,500 square feet at 8157 Atlee Road in Hanover for $450,000 from John and Brenda Hamner. Colton Konvicka represented the seller.

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