BizSense The Pipeline: Commercial Real Estate Roundup for 3.25.22

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Posted on 3/25/2022 –The Pipeline: Commercial real estate roundup for 3.25.22

Congrats to our Sales and Leasing Team! Commonwealth Commercial is pleased to announce the following transactions last week:

K&G Limited Partnership purchased 14 acres at 12554 Patterson Ave. in Goochland for $950,000 from Michael Ann Singer and Clifford S. Singer. Commonwealth Commercial Partners’ Michael Mayhew and Ben Bruni represented the buyer and C. Ryan Fanelli and Sam Worley represented the seller.

Hands of Unity leased 1,695 square feet at 7400 Beaufont Springs Drive in Chesterfield. Eliza Izard, Jamie Galanti and Russell Wyatt represented the landlord.

Realty Income Properties 26 LLC purchased 2,657 square feet at 7300 Hull Street Road in Chesterfield for $825,000 from MDW Holdings. Michael Morris, Jim McVey and Thomas Lynde represented the seller.

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BizSense The Pipeline: Commercial Real Estate for 2.11.22

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Posted on 2/11/2022 –The Pipeline: Commercial real estate roundup for 2.11.22

Commonwealth Commercial Partners reports the following deals:

Watermark Gardens purchased 2.9 acres at Ironbridge Road and Kingsland Glen Drive in Chesterfield for $1.7 million from Kingsland Towncenter LLC. Nicki Jassy and Pete Waldbauer with Cushman & Wakefield | Thalhimer represented the seller. Sam Worley and C. Ryan Fanelli with Commonwealth Commercial Partners represented the buyer.

The Destin Group leased 540 square feet at 5935 Hopkins Road in Chesterfield. Eric Hammond represented the landlord.

Peter Werks LLC leased 3,005 square feet at 3007 W. Clay St. in Richmond. Ben Bruni and Russell Wyatt represented the landlord.

Willow 13 Properties purchased 4,251 square feet at 6506 W. Broad St. in Henrico for $895,000 from AFAB Investors. Jim McVey, Michael Morris and Thomas Lynde represented the buyer.

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Commonwealth Commercial Completed Six Transactions this Week

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Richmond, VA – October 29, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Uncommon Redesigns, LLC leased 1,856 SF at 238 Clearfield Avenue in Virginia Beach. Gresh Wall represented the Landlord.
  • Jobeka Health Care Services, LLC leased 811 SF at 1106-1108 E. Main Street in the City of Richmond. Ben Boykin and Michael Good represented the Tenant.
  • London Burke leased 1,400 SF at 304 East Main Street in the City of Richmond. Eric Hammond represented the Landlord.
  • Lavram, LLC purchased 101 Heaths Way Road in Chesterfield County for $1,600,000 from Railey Hill Associates, LLC. Tucker Dowdy and Russell Wyatt represented the Seller.
  • 6951 Carnation Acquisition, LLC purchased 2.64 acres at 6951 W. Carnation Street in the City of Richmond from FW Properties II, LLC for $300,000. Ryan Fanelli and Sam Worley represented the Seller.
  • 700 Carnation Acquisition, LLC purchased 5.393 acres at 7000 W. Carnation Street in the City of Richmond from FW Properties II, LLC for $525,000. 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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COMMONWEALTH COMMERCIAL EXECUTES SALE OF HOPE FARM TRACT IN HANOVER COUNTY

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Hanover, Virginia – Commonwealth Commercial, a leading commercial real estate firm headquartered in Richmond, represented the Fearnow family in selling the last piece of their Hope Farm property in Hanover County. The 16+ acres will become a multi-family community by Eagle Construction called Brunswick at Hope Farms, a nod to the popular canned stew created by Hanover County entrepreneur and businesswoman Lillie Fearnow.

Ryan Fanelli and Sam Worley, both Senior Vice Presidents and Partners at Commonwealth Commercial, served as brokers for the transaction, which closed on August 24, 2021 for a sale price of $1.4 million.

Located on a large section of Shady Grove Road in Hanover County, Brunswick at Hope Farms will consist of 49 age-restricted townhomes in an L-shaped community with a pond in the middle. 

“It was a privilege to collaborate with the Fearnow family on the remaining tract of their beloved Hope Farm,” said Ryan Fanelli. “The property’s name has achieved an iconic status and is still featured prominently on the bright yellow label of their ‘Delicious Brunswick Stew’. It’s nice to know that the new development’s name will carry on the legacy of Hope Farm.” 

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, Tenn.; Jacksonville, Fla.; Tampa, Fla.; Charlotte, N.C.; Raleigh/Durham, N.C.; Greenville, S.C.; Houston, Texas; Kansas City, Mo.; St. Louis, Mo.; Columbus, Ohio; and Minneapolis, Minn., and is active in Connecticut and Illinois. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services. To learn more, visit www.commonwealthcommercial.com

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Commonwealth Commercial Completed Two 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.

  • Bar3, LLC dba Beauty Awakened leased 3,103 SF at 1300 Winterfield Road in Chesterfield County. Tucker Dowdy and Sam Worley represented the Landlord.
  • 18 W. Franklin St., LLC purchased 7,834 SF at 415 & 425 N. Arthur Ashe Boulevard in the City of Richmond from MJK Properties, LLC for $1,400,000. Jamie Galanti 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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Commonwealth Commercial Completed Eight Transactions this Week

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Richmond, VA – January 8, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • RVA Family Chiropractic  Wellness LLC leased 1,694 SF at 3721 Westerre Parkway in Henrico County.  Eric Hammond and Tucker Dowdy represented the Landlord.
  • Complete, Whole, Compassionate Care leased 1,200 SF at 1700 Huguenot Road in Chesterfield County.  Eric Hammond represented the Landlord.
  • Counseling Alliance of Virginia, LLC leased 6,720 SF at 2924 Emerywood Avenue in Henrico County.  Tucker “Nash” Warren and Jamie Galanti represented the Landlord.
  • Victorino de la Barrera leased 4,280 SF at 6290 Old Warwck Road in the City of Richmond.  Colton Konvicka and Ryan Fanelli represented the Landlord.
  • Power Systems and Controls, Inc. leased 35,000 SF at 11011 Richardson Road in Hanover County.  Ben Bruni and Tucker Dowdy represented the Landlord.
  • 18 W Broad Street, LLC dba Kinks & Quircks LLC purchased 8,046 SF at 18 W. Broad Street in the City of Richmond from C&L Holdings, LLC for $940,000.  Colton Konvicka represented the Purchaser.
  • Masha Real Estate purchased 2 acres at 4101 Mechanicsville Turnpike in the City of Richmond from Reality I, LLC for $170,000.  Ryan Fanelli and Sam Worley represented the Seller.
  • H B  Property Associates, LLC purchased 19.84 acres on Corporate Road in Petersburg from North Bay Commonwealth Company for $79,000.  Bill Barnett, Joe Buhrman and Chris Jenkins 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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DHL Supply Chain to create 577 jobs in Stafford County

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Posted on 12/15/2020 by Richard Foster at Virginia Business

Contract logistics company will invest $72M in facility at Venture Business Park

DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday.

The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with Maryland to land the project.

“This significant investment and the addition of 577 new jobs come at a critical time when we are focused on rebuilding our economy and getting Virginians back to work,” Northam said in a statement. “The ongoing pandemic has underscored the value of supply chain management and delivery services during times of crisis. With our central East Coast location and advanced transportation infrastructure, our commonwealth offers unparalleled advantages for businesses, and we are proud to support the company’s new high-tech operation in Stafford Country.”

A subsidiary of parent company Deutsche Post DHL Group, a German publicly traded company with more than $76 billion in revenue in 2019, DHL Supply Chain employs approximately 36,000 people in the United States. The company offers a portfolio of industrial supply chain management, warehousing, transportation and value-added logistics services. The company’s Real Estate Solutions unit develops turnkey warehousing solutions for customers.

Continue reading the full article

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Commonwealth Commercial Completed Three Transactions this Week

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Richmond, VA – November 6, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Jaimes Painting, S.P. leased 8,250 SF at 11008 Washington Highway in Hanover County.  Chip Louthan and Sam Worley represented the Landlord
  • RK Trading Corp. leased 1,760 SF at 3931 Deep Rock Road in Henrico County.  Tucker Dowdy and Jim McVey represented the Landlord
  • Marwaha Commercials, LLC purchased 1,524 SF at 7520 Brook Road in Henrico County from First of Virginia, LLC for $235,000.  Ryan Fanelli 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, 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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Middlesex County Scout Camp Sells For $3.5 Million

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Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of the Bayport Scout Camp at 623 Bayport Road in Middlesex County, VA. Hank Campbell (the lead broker) and Sam Worley of Commonwealth Commercial represented the seller, Phoenix Property Holdings, LLC. The purchaser is MHC RV, LLC. The 306± acre, waterfront property closed on October 19, 2020 for $3,500,000. This property was previously a Boy Scout Camp. It was recently rezoned for a commercial RV campground and approved for 900 RV sites.

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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