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Commonwealth Commercial Completed Two Transactions This Week

Posted on April 20, 2018

Richmond, VA – April 20, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Reading PA and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Commonwealth Commercial Partners Rural Land Team Develops New Subsidiary

Posted on April 9, 2018

RICHMOND, Va., April 6, 2018  – In an effort to reflect its expertise and rural roots, Commonwealth Commercial Partners’ Rural Land Team will now operate as a subsidiary of CCP, under the new name Commonwealth Land. The move is part of a larger growth effort with staffing additions both in the Richmond office and CCP’s other office locations, as well as in opportunity markets throughout the Southeast. Commonwealth Land has made significant investments in technology and marketing to better leverage its proprietary database and the expertise of its agents. Commonwealth Land will complement Broadleaf Forestry, an in-house forestry consulting subsidiary led by Brian Reinhart.

“We began exploring this change because of feedback we received from our clients,” said Mark Claud, CEO of Commonwealth Commercial Partners. “They’d pass our signs with the CCP nomenclature, and it didn’t properly reflect our comprehensive service set, which includes more than just urban or densely populated properties. That is certainly not reflective of the teams we’ve put together, who have in-depth knowledge of the intricacies of rural land sales, which is why we knew we needed to make this change.”

The new Commonwealth Land website launched this month and consumers in the Richmond and Hampton Roads markets will begin seeing the new name and brand identity beginning in mid-April 2018. “We’re operating in a very distinct niche,” said Bill Barnett, Senior Vice President and Partner at Commonwealth Land. “This change better communicates those offerings and positions our team to connect the right buyers with the right sellers – and that’s why people come to us.”

“Commonwealth Commercial continues to maintain a team of agents focused on the sale of development land, including residential, industrial, retail and office,” Barnett continued. “The launch of Commonwealth Land complements CCP’s growing line of specialized services on a regional scale to meet our clients’ needs.”

About Commonwealth Land
Commonwealth Land is Virginia’s leading source for buying and selling rural, agricultural, recreational and timber investment land with 100 or more acres. Commonwealth Land operates a proprietary database that matches buyers and sellers and provides comparable data to inform each deal. To learn more, visit www.commonwealthland.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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Houston TX, and Reading PA. 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.

Commonwealth Commercial Completed Five Transactions This Week

Posted on April 6, 2018

Richmond, VA – April 6, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Reading PA and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Innsbrook office building sells for $22.75 million to out-of-town buyer

Posted on April 6, 2018

Posted on 4/4/2018 by Michael O’Connor at the Richmond Times-Dispatch

An office building in the Innsbrook Corporate Center in western Henrico County has been scooped up by an out-of-town asset management company already invested in a number of Richmond-area properties.

The RMR Group bought Liberty Plaza II at 10800 Nuckols Road for $22.75 million from Lingerfelt CommonWealth Partners last week, property records show.

The RMR Group had about $30 billion worth of assets under management including 48 properties in Virginia, according to its website.

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Richmond region had a ‘few big wins’ in the real estate industry, panelists said

Posted on March 30, 2018

Posted on 2/27/2018 by Tammie Smith at Richmond.com

Even with interest rates likely to tick up this year, tax cuts are putting more dollars in people’s hands — driving demand for homes and products.

That bodes well for the commercial, industrial, office and residential real estate markets and real estate investors, panelists said Tuesday at the Greater Richmond Association for Commercial Real Estate’s annual market review and preview program. The event, held at The Westin Richmond, drew nearly 400 people with ties to the real estate industry for a look back and a look a look ahead.

“Raise your hand if you think Richmond is on the rise,” panelist Jamie Galanti, a vice president at Commonwealth Commercial brokerage, asked the audience.

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Commonwealth Commercial Completed Three Transactions This Week

Posted on March 29, 2018

Richmond, VA – March 29, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Reading PA and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Tech startup moving downtown HQ to Scott’s Addition

Posted on March 29, 2018

Posted on 2/27/2018 by Mike Platania on Richmond BizSense

A local startup is sliding back onto familiar grounds as it moves its headquarters from downtown to Scott’s Addition.

Blueswipe, a 5-year-old company that provides payment processing software and hardware for small to mid-sized businesses, is relocating its home base to the recently redeveloped HandCraft building at 1501 Roseneath Road.

The company, run by CEO Tim Ryan, leased the entire 6,400-square-foot second floor of the 87,000-square-foot building that’s been transformed in recent years from an industrial laundry facility to modern office, brewery and retail space.

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Three Chopt-Gaskins work clears way for office park expansion

Posted on March 28, 2018

Posted on 3/20/2018 by J. Elias O’Neal  on Richmond BizSense

Ten years after its previous section was completed, a Henrico County office park is entering its final phase of development.

Site work to expand the Gaskins Professional Office Park is underway at the intersection of Three Chopt and Gaskins roads. Plans call for four buildings totaling 30,100 square feet.

The work picks up where developer Katherman & Co. left off in 2008, when the Midlothian-based firm started development on the park as its first foray north of the James River.

Ten years later, the company began to explore the park’s next phase of development after some initial buyers began reselling their units, said Tucker Dowdy of Commonwealth Commercial, who is marketing the new offices for sale with fellow Commonwealth broker Russell Wyatt.

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Better Med Urgent Care property in Ashland sells for $2.1 million

Posted on March 20, 2018

Posted on 3/12/2018 by Virginia Business

A building fully leased by Better Med Urgent Care in Ashland has sold for $2.1 million.

According to Commonwealth Commercial Partners in Henrico County, which announced the sale, the investment property is located at 300 N. Washington Highway. The one-story, 5,200-square-foot building was built a year ago.

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Commonwealth Commercial Completed Six Transactions This Week

Posted on March 16, 2018

Richmond, VA – March 16, 2018 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

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, Greensboro NC, Charlotte NC, Raleigh/Durham NC, Greenville SC, Reading PA 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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