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Commonwealth Commercial Completed Two Transactions This Week

Posted on June 14, 2019

Richmond, VA – June 14, 2019 – 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, Charleston SC, Reading PA, Kansas City MO 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 Completed Six Transactions This Week

Posted on June 7, 2019

Richmond, VA – June 7, 2019 – 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, Charleston SC, Reading PA, Kansas City MO 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 Completed Nine Transactions This Week

Posted on May 24, 2019

Richmond, VA – May 24, 2019 – 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, Charleston SC, Reading PA, Kansas City MO and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Lingerfelt Commonwealth Acquires Office Towers in St. Louis, Missouri

Posted on May 23, 2019

Richmond, VA — May 23, 2019 — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of the Pierre Laclede Center, a pair of Class A office towers in St. Louis, MO, including a four level, 1,304 stall parking garage. The asset was sold by KBS, a national private equity real estate company and investment advisor headquartered in Newport Beach, CA.

The Pierre Laclede Center towers, located at 7701 and 7733 Forsyth Boulevard, are in the Clayton submarket of St. Louis. The buildings total 580,368 square feet combined and are anchored by tenants including Centene, Lathrop Gage, Morgan Stanley, Dana McKitrick P.C., and the historic St. Louis Club, among others. Pierre Laclede Center I & II were constructed in 1964 and 1970 respectively and have gone through over $19 million in renovations since 2010 to ensure the property’s Class A prominence in the market.

“Within the first year of ownership, Lingerfelt CommonWealth plans to make a significant capital investment towards modernizing the property,” said Will Bradford, Asset Manager with Lingerfelt CommonWealth Partners. “Our plans currently include renovating and revitalizing the property’s common spaces, including the amenity center floor, common courtyard, common lobbies, and bathrooms, which is intended to enhance both the tenant and community experience.”

Clayton is one of the St. Louis region’s most sought-after submarkets for office property and is considered the hub of the St. Louis metropolitan area. Clayton boasts over one million square feet of retail, which contributes to its outstanding quality of life. The Pierre Laclede Center sits in the center of this submarket.

Lingerfelt CommonWealth will own the tower via its discretionary investment vehicle, Lingerfelt Commonwealth Value Fund II. Commonwealth Commercial Partners, the Company’s affiliated commercial real estate operating firm, will handle all aspects of the day-to-day asset and property management for Pierre Laclede Center, in addition to servicing assets for other owners in the St. Louis metro. Cushman & Wakefield will handle the leasing and marketing of the building’s available space.

More on the company can be found on the web at www.LingerfeltCommonWealth.com.

Commonwealth Commercial Completed Nine Transactions This Week

Posted on May 10, 2019

Richmond, VA – May 10, 2019 – 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, Charleston SC, Reading PA, Kansas City MO 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 Completed Two Transactions This Week

Posted on April 26, 2019

Richmond, VA – April 26, 2019 – 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, Charleston SC, Reading PA, Kansas City MO and Houston TX. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services.

Harrison & Bates sextet, including CEO, headed for Commonwealth Commercial

Posted on April 25, 2019

Posted on 4/24/2019 by Michael Schwartz at Richmond Bizsense

Another group of brokers from Harrison & Bates, the local commercial real estate firm that is winding down its operations, has found a safe place to land.

CEO David Williams, along with Steve Gentil, Kit Tyler, Bruce Milam, Chip Louthan and Colton Konvicka, are joining Commonwealth Commercial.

Commonwealth Commercial CEO Mark Claud on Wednesday announced the moves at the company’s annual real estate forum, held at the Westin Richmond at Reynolds Crossing.

They’ll start with Commonwealth Commercial on June 1, working out of the firm’s office in Innsbrook.

That leaves about a half-dozen or so remaining brokers from Harrison & Bates on their own to find a new brokerage to call home after the firm announced this month it would cease operations largely as of May 31.

Continue reading the full article

Six brokers leaving Harrison & Bates real estate firm to join Commonwealth Commercial Partners

Posted on April 25, 2019

Posted on 4/24/2019 by Gregory Gilligan at Richmond Times-Dispatch

Six top brokers from Harrison & Bates are joining a rival commercial real estate brokerage.

The six — including David M. Williams, the president and CEO of Harrison & Bates; and Steve Gentil, the firm’s chairman who has been a broker since 1980 — are joining Henrico County-based Commonwealth Commercial Partners.

Five of the six will become senior vice presidents of Commonwealth Commercial and one will be a sales and leasing associate. They will join the company June 1.

Besides Williams and Gentil, joining Commonwealth Commercial are Chip Louthan, Bruce Milam and Kit Tyler as senior vice presidents and Colton Konvicka as a sales and leasing associate.

“They are an established brand in the industry,” Mark Claud, the founder and CEO of Commonwealth Commercial, said about the new brokers.

Continue reading the full article

Commonwealth Commercial Completed A Transaction This Week

Posted on April 18, 2019

Richmond, VA – April 18, 2019 – 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, Charleston SC, Reading PA, Kansas City MO 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 Completed Two Transactions This Week

Posted on April 5, 2019

Richmond, VA – April 5, 2019 – 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, Charleston SC, Reading PA, Kansas City MO 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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