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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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 – 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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BUILD-TO-SUIT FLEX BUILDINGS SLATED FOR HANOVER INDUSTRIAL AIR PARK

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Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of 5.542± acres at 10985 Leadbetter Road in Hanover County. David Williams of Commonwealth Commercial represented the purchaser, Cebelle Holdings. The owner plans to develop build-to-suit buildings ranging from 12,000-60,000± SF.

Colton Konvicka and David Williams will be handling the pre-leasing of this recently purchased site. It is one of the last flex/industrial developable sites left in the Hanover Industrial Airpark. Some buildings will also have outside storage possibilities which is a rare feature for the area. Additionally, the site is highly visible on the main entrance road into Hanover Industrial Airpark.

Learn more at: https://commonwealthcommercial.com/property/10985-leadbetter-road/

 

*This image is for representational purposes only*

 

 

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, Charleston SC, Kansas City MO, St. Louis MO, Minneapolis MN, Columbus OH, 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 Seven Transactions Last Week

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Richmond, VA – April 5, 2021 – Commonwealth Commercial Partners, LLC is pleased to report last week’s completed transactions.

  • LaQuita McCrae leased 1,156 SF at 2825 S. Crater Road in the City of Petersburg.  Eric Hammond represented the Landlord.
  • Virginia Financial Center leased 1,724 SF at 9401 Courthouse Road in Chesterfield County.  Tucker Dowdy and Jamie Galanti represented the Landlord.
  • Glass Doctor leased 2,269 SF at 11010 W. Broad Street in Henrico County.  Jim McVey represented the Landlord.
  • Virginia Interactive, LLC leased 7,200 SF at 2022 W. Broad Street in the City of Richmond.  Tucker Dowdy and Russell Wyatt represented the Landlord.
  • MBS Productions Services, LLC leased 12,500 SF at 1800 W. Marshall Street in the City of Richmond.  Ben Bruni and Russell Wyatt represented the Landlord
  • Atkinson Investment, LLC purchased 4,434 SF at 6039 Mechanicsville Turnpike in Hanover County from Nighthawk Properties, LLC for $325,000.  Eric Hammond and Tucker Dowdy represented the Seller.
  • Adana Investments, LLC purchased 25.927 acres at 8501 Courthouse Road in Chesterfield County from Virginia Tech Foundation, Inc. for $60,000.  Chris Jenkins and Bill Barnett 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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Asset Management Announces New Accounts

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March 12, 2021 – Richmond, VA – Thomas Hatcher, Managing Director of Asset Management, announced new asset management accounts. Our asset management services have been enlisted for a 10k RSF Virginia Cancer Institute building in Midlothian, VA, as well as FishHawk Medical Center, a 20k RSF, multi-tenant medical office center in Tampa, FL. Scott Holman’s team in Tampa, FL has been managing the FishHawk assets. Middleton Smith has been assigned as the Asset Management Account Manager.

 

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Commonwealth Commercial Partners announces promotion, hires

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Posted on 3/14/2021 by Rich Griest at Virginia Business

Thomas Hatcher, Hunter Huber and F. Gresham “Gresh” Wall III assume new roles

Richmond-based commercial real estate firm Commonwealth Commercial Partners has announced one promotion and two new hires.

Thomas Hatcher has been promoted to managing director of asset management; Hunter Huber has been hired as managing director of Virginia; and F. Gresham “Gresh” Wall III has been hired as managing director of Hampton Roads.

Hatcher joined the firm in 2017 and will head the management of and business development for CCP’s asset management team. Huber previously worked at CCP from 2010 to 2017, and will now be responsible for oversight of the company’s Virginia property portfolio, property acquisitions and dispositions and third-party business development. Wall will lead all services of the company’s Hampton Roads office, which includes 1.2 million square feet under property management and will build CCP’s brokerage division in the region.

“These new managing directors bring positive solutions-oriented attitudes, and I am confident that they will help lead our company to the next level of growth for all of our platforms throughout the CCP footprint,” Ken Strickler, president of Commonwealth Commercial, said in a statement. “Thomas, Hunter and Gresh are the right people to lead the charge, bringing decades of experience and outstanding reputations. I could not be more excited to have them as colleagues and partners on our leadership team.”

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Commonwealth Commercial Completed Two Transactions this Week

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

  • 5603 Staples Mill LLC purchased 1,277 SF at 5603 Staples Mill Road in Henrico County from Management Holdings, LLC for $270,000.  Ben Bruni represented the Seller.
  • Smith Turf & Irrigation Company LLC leased 3,500 SF at 430 Southlake Boulevard in Chesterfield County.  Eric Hammond 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, 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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Manchester may, at long last, be getting a grocery store

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Posted on 11/30/2020 by Mike Platania at Richmond BizSense

With a planned high-rise apartment and commercial project as the lure, Manchester could finally get its chance to hook a neighborhood grocery store.

A new mixed-use development expected to stand 12-16 stories is in the works at 201 W. Commerce Road, on a roughly 1-acre plot owned by Brent Graves, a former owner of Taylor & Parrish Construction.

While still in the planning stages, the project would look to house 250 apartments and about 25,000 square feet of ground-floor commercial space.

For that commercial space, Graves said his group has been in discussions with a couple grocery store tenants, though nothing’s been finalized. If he is able to bag one, he said it’ll help guide the rest of the project’s design.

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Commonwealth Commercial Completed Seven Transactions this Week

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Richmond, VA – November 19, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Epic Partners, LLC leased 2,228 SF at 306 Turner Road in Chesterfield County.  Tucker Nash Warren represented the Tenant.
  • Miles & Stockbridge PC leased 5,042 SF at 919 E. Main Street in the City of Richmond.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Nguyen LLC purchased 10,200 SF at 1700 Huguenot Road in Chesterfield County from 1700 Huguenot Properties, LLC for $1,100,000.  Eric Hammond represented the Purchaser.
  • CIG 6290 RFO, LLC purchased 38,900 SF on 2.25 acres at 6290 Warwick Road in the City of Richmond from Rastek Construction & Development Corp. for $1,850,000.  Ryan Fanelli and Colton Konvicka represented the Seller.
  • 2350 Greystone, LLC purchased 6.687 acres at 2350 Greystone Court in Goochland County from Rockville Commerce Center, LLC for $802,440.  Ben Bruni and Joe Buhrman represented the Purchaser.
  • Carter Lumber of Virginia, Inc. purchased 4.8 acres at 2801 Sprouse Drive in Henrico County from BB&T Investors for $445,000.  Ben Bruni and Joe Buhrman represented the Seller.
  • The McDowell Company, LLC purchased 5,240 SF at 3801 Jeff Davis Highway and 2524 Bells Road in the City of Richmond from Keystone Mountain Lakes Regional Council of Carpenters for $267,000.  Ryan Fanelli and Colton Konvicka 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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