Commonwealth Commercial Announces Two Promotions

March 25, 2024

We’re delighted to share some important organizational changes designed to enhance our operations and strategy at Commonwealth Commercial Partners, LLC.

Michael Saltzer is broadening his role to include key responsibilities in both Asset Management and Accounting in his new Vice President position.

Dan Pedrazzi is stepping into the role of Vice President of Finance, where he will be responsible for leading the Financial Analyst team within Asset Management.

Please join us in congratulating Michael and Dan on their new positions. We are excited about the direction and growth their leadership will bring to CCP.

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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Commonwealth Lodging Management is pleased to Announce Three New Properties in Norfolk, Virginia, and Youngstown, Ohio

March 8, 2024

Commonwealth Lodging Management is pleased to announce three new Properties in Norfolk, Virginia, and Youngstown, Ohio.

1. Wyndham Garden Norfolk Downtown:
The former Golden Triangle Hotel was an iconic hotel in Norfolk Virginia and credited with leading the city’s urban revitalization when it opened in the 1960s. Since then, the hotel has traded under several franchises, most recently Wyndham Garden Inn. For the past decade, it hosted a large Navy contract for lodging and was largely unavailable for corporate travelers, conferences, large social events, and sports teams. The hotel has been recently updated with a new guest room furniture package and Commonwealth Lodging will spearhead re-conception of its restaurant in the coming months. This hotel now caters to a range of clients, including government and business travelers, sports groups, Virginia Beach/Norfolk tourism, and social event organizers. With 15,000 square feet of meeting space and over 200 rooms, the hotel can accommodate groups of up to 300 people.

2. Residence Inn by Marriott Youngstown Boardman/Poland:
With 78 well-equipped suites, this hotel meets the needs of long-term travelers seeking comfort and convenience. The property is set to undergo a comprehensive transformation, promising newly furnished guest rooms, a modernized residential style lobby, updated fitness equipment, and inviting new outdoor furniture for the pool and backyard fire pit/grilling area. Residence Inn is positioned to offer guests an away from home experience.

3. Fairfield Inn & Suites by Marriott Youngstown Boardman/Poland:
Adjacent to the Residence Inn, the Fairfield Inn & Suites offers 62 rooms designed to improve the stay experience. This property will also undergo comprehensive renovation with newly furnished guest rooms, a welcoming lobby, and refreshed fitness and pool areas. With a commitment to excellence and guest satisfaction, Fairfield Inn & Suites by Marriott provides a seamless blend of comfort and convenience to travelers visiting the Youngstown Boardman/Poland area.

Edward Denton, Chief Development Officer, conveyed, “As we continue to expand our portfolio, the growth strategy at Commonwealth Lodging is centered on adding value for our investment partners and management clients. We are committed to identifying opportunities that not only enhance our brand presence but also deliver exceptional returns and sustainable growth for all stakeholders involved.”

Duane Gauthier, Managing Director of Commonwealth Lodging, added, “Expanding our geographic footprint is matched with our continued focus on supporting the customer experience, creating career opportunities for our team members, and fostering long-term profitability for our company.”

Commonwealth Lodging will oversee all operations and repositioning efforts for these hotels.

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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Meet Samantha Buck, Director of Operations – Property Management

March 6, 2024

We are excited to share that long-time Commonwealth Commercial Partners, LLC employee Samantha Buck has been promoted to Director of Operations – Property Management.

In her new role, Samantha will continue to oversee mentoring and training for employees in our Property Management sector, while also working towards streamlined operational processes to keep our teams firing on all cylinders.

Samantha’s role is a unique one at Commonwealth Commercial; though based in Indiana, she ventures out to visit all of our properties across our multiple markets. We are so grateful for Samantha’s enthusiasm, expertise, and overall team spirit — she was a 2023 Commonwealth Commercial Core Values and Spirit award recipient, after all.

Please join us in congratulating Samantha, and get to know her a little more in the conversation below.

How did you get your start in commercial real estate?

SB: I fell into the world of commercial real estate, which seems to be the case with most people I meet in our industry. I actually moved to Nashville from Mississippi in 2005 to try and make it in the music business. While working toward that goal I also needed to pay bills and needed a full-time job.

The real estate route came to fruition through a friend who was a Property Manager and in need of hiring a Property Administrator at a building that Commonwealth Commercial happens to manage today. Once I started, I quickly realized I had a passion for this industry and decided to jump all in. I climbed the ladder slowly from Property Administrator to Assistant Manager with one company, to Property Manager with another, and finally joined Commonwealth Commercial as a Senior Property Manager in 2013.

I left Nashville in early 2020 and moved to Indiana for family reasons and I’m so thankful we were able to create a position that would allow me to remain part of the Commonwealth family and work with the entire region.

Your role at CCP is unique in that you travel a lot to visit different markets and meet with people from across the company. Can you talk a little bit about this?

SB: This is one of the things I love most about my job! I love that I am able to be in front of almost every single person in the company; I get to see so many different perspectives firsthand. It’s so neat to see how different property managers approach different situations, knowing that we’re here to support them no matter what.

These visits also give me the opportunity to collect feedback from our property managers to try and gauge how we’re doing internally as a company. It’s thanks to their feedback that we’re able to continue to grow and improve our processes.

Can you talk a little more about the training aspect of your role?

SB: We have a training program that we go through with any new property manager hire, preferably in groups, if possible. Group training has the benefit of the camaraderie with new co-workers and the ability to partner with multiple team members from our Corporate office providing integral training on their expertise/field in the company (such as program training, reporting, etc.). Part of my role is to ensure that new property managers are given the tools and information they need to feel confident in their new role. This includes introducing them to their local team, as well as the coworkers they will be working with from the corporate office. My goal is to be a resource for any new hire and set them up for success. The most exciting thing about training is the opportunity to focus on the importance of our Core Values. We incorporate them in everything we do and work hard to make sure they are infused throughout every office/market.

For me, our Core Values are the foundation of what makes CCP a great company to work for and with. Finding the “RIGHT” people who understand, value, and implement our values will be our greatest success!

What advice would you share for individuals in the industry who are looking to build community within their market?

SB: One of the biggest things that we encourage all property managers to do is to get involved with professional organizations like BOMA, IREM, CREW, etc., which gives them the chance to get to know other people in the area, grow awareness of the Commonwealth name, and share ideas and perspectives on challenges and solutions that are specific to their area.

I would encourage them to give back to their community. For instance, each November we kick off our “CCP Gives Back” initiative, where we volunteer our time and resources to local nonprofits and organizations in need.

What makes Commonwealth Commercial unique in the industry?

SB: To me, there are two parts to this: I think we provide valuable services with a good group of people. I value that we are a company that can tailor our services to meet our partners’ needs depending on their goals and objectives. If someone only has a current need for property management, we can provide that. And yet we also have our Asset Management, Construction Management, Facility Management, Forestry Consulting, Hospitality Management, Investment Sales, Rural Land Sales, Sales & Leasing, and Project Management/Development services, which allows us to provide so many opportunities to partner.

Secondly, Commonwealth Commercial truly cares for its people and provides opportunities within the company for people to grow. Our people are our number one focus, and our success elsewhere stems from our talent.

What can we find you doing outside of work?

SB: Family is very important to me, so you will most often find me spending time with them. Currently, my husband Daryl and I are working on a few home interior design projects and every now and again I will still jump at an opportunity to get up and sing.

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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Commonwealth Commercial Partners Announces 2023 CoStar PowerBroker Award Winners

Richmond, Virginia – March 6, 2024

We’re proud to recognize the achievements of our Sales and Leasing team in the 2023 CoStar Group PowerBroker Awards:

Ben Bruni, SIOR was named a top Industrial Leasing broker, showcasing his exceptional expertise and leadership in the field!

Tucker Dowdy, SIOR, and Russell Wyatt were recognized as top Office Leasing brokers, reflecting their outstanding performance and dedication to clients!

Commonwealth Commercial Partners, LLC is honored to be recognized as a top Leasing Firm, a testament to our commitment to excellence in commercial real estate services!

Congratulations to all the awardees for their well-deserved recognition!

CoStar PowerBroker Awards

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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Commonwealth Commercial Partners Awarded Property Management of Beechcroft Industrial Park

Nashville, TN – February 22, 2024

Commonwealth Commercial Partners, LLC is pleased to announce that we have been awarded property management of Beechcroft Industrial Park. These three Class A industrial buildings, totaling 815,530 sq. ft., are located at 825-845 Beechcroft Road, Spring Hill, TN 37415. These assets were recently developed by Distribution Realty Group (DRG), a private industrial real estate company.

“Great work by the Nashville Property Management team to continue to solidify our relationship with this client,” said David Cheek, Managing Director, Commonwealth Commercial Partners. “We are very excited to continue to deepen our relationship with DRG and look forward to continuing to help them manage their growing portfolio.”

Beechcroft

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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Commonwealth Commercial Partners, LLC Awarded Property Management of New Medical Office Building

Richmond, VA – January 26, 2024

Commonwealth Commercial Partners, LLC Awarded Property Management of New Medical Office Building

We are pleased to announce that our team has been awarded property management of a new medical office building located at 8364 Bell Creek Road in Mechanicsville, Virginia. This newly constructed asset, spanning 62,524 square feet, will be used by a single medical provider, bringing advanced services to the surrounding community.

Stacy Delgado, who played a pivotal role in securing the business, will continue her involvement as the property manager for this facility. With her extensive experience, she is poised to ensure the seamless operation and maintenance of this essential healthcare property.

“We are thrilled to have been given the management of this state-of-the-art medical building,” said Adam Megenity, Senior Vice President/Partner, Commonwealth Commercial Partners. “We look forward to working closely with the medical provider to ensure they are able to operate at the highest standards, delivering quality care to their patients.”

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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CCP Announces New Promotions

Richmond, VA – January 22, 2024

Samantha M. Buck will take on the role of our new Director of Operations in Property Management, bringing her exceptional expertise and leadership skills.

Liz Kelley has been promoted to Regional Executive Coordinator, ready to make a significant impact with her strategic vision.

Michael Parsakalleh moves to Assistant Chief Engineer, where his technical expertise will continue to help drive our success.

CCP Promotions

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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CCP Announces New Sales and Leasing Promotions

Richmond, VA – January 15, 2024

At Commonwealth Commercial Partners, LLC we recognize the hard work and dedication of our team members, and it’s our honor to announce the recent promotions within our Sales and Leasing team. These individuals have consistently demonstrated exceptional skill, commitment, and a deep understanding of our clients’ needs, truly embodying the spirit of our core values at Commonwealth Commercial.

Randy Cosby
Chris Jenkins
Colton Konvicka
Eric Hammond
Eliza Izard
Michael Morris
Michael Mayhew
Brent Altaffer

CCP Sales and Leasing Promotions

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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CCP Announces Top Sales and Leasing Producer for 2023

Richmond, VA – January 8, 2024

We’re proud to announce for the fourth consecutive year, Ben Bruni, SIOR has been awarded Top Sales and Leasing Producer for 2023!

Congratulations, Ben! Your extraordinary performance is not just a professional achievement; it’s a demonstration of your unwavering commitment to CCP’s core values.

As we celebrate Ben’s achievement, we also extend our appreciation to our entire Sales and Leasing team for their dedication and hard work. It’s through our collective efforts that we drive success for our clients through all of our service lines.

Top Sales and Leasing Producer

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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CCP Awarded Property Management of The Corner Shops

Richmond, VA – November 27, 2023

Commonwealth Commercial Partners, LLC is pleased to announce we have been awarded the full-service property management of The Corner Shops. This Class A retail building, totaling 8,120 sq. ft., is located at 11530 Midlothian Turnpike, North Chesterfield, VA 23235. This asset includes two, large national retailers.

Adam Megenity
Melody Almonte, CPM
Michael Moolhuyzen

The Corner Shops

About Commonwealth Commercial Partners, LLC
Commonwealth Commercial Partners (CCP) is a leading full-service commercial real estate firm headquartered in Richmond, Virginia with offices in Atlanta, Charlotte, Columbus, Greenville, Hampton Roads, Houston, Jacksonville, Kansas City, Minneapolis, Nashville, Norfolk, Raleigh/Durham, San Antonio, St. Louis, and Tampa. CCP has expertise in Commercial Sales & Leasing, Property & Asset Management, Construction Management, Hospitality Management, Project Management, Land Sales, and Forestry Consulting.

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