June 10, 2022 – Commonwealth Commercial Partners was proud to support the Cystic Fibrosis Foundation of Virginia – Miles for May cycling challenge. The CCP team, which included, Tucker Dowdy, Scott Keeton, Russell Wyatt, Mark Claud, CCIM, CPM Claud, Jamie Thomas, and Ben Bruni, rode 730 miles during the month of May! Shout out to Jamie Thomas, who led the charge with 250 miles!
BizSense The Pipeline: Commercial Real Estate Roundup for 4.29.22
Posted on 4/29/2022 –The Pipeline: Commercial real estate roundup for 4.29.22
Congrats to our Sales and Leasing team! CCP is proud to report the following deals from last week:
Virginia Oral & Facial Surgery leased 3,000 square feet at 10601 Greenyard Way in Chesterfield. Tucker Dowdy and Ben Bruni represented the landlord.
Shannon Wilson Howell subleased 1,837 square feet at 11551 Nuckols Road in Henrico County. Eliza Izard represented the landlord.
Core Kids Academy leased 7,069 square feet at 8968 Quioccasin Road in Henrico. Michael Morris represented the landlord.
Reefology RVA leased 1,200 square feet at 1561 Parham Road in Henrico. Colton Konvicka represented the tenant.
K & G LP purchased 2,460 square feet at 210 England St. in Hanover for $460,000 from Integris Capital Partners for $460,000. Ben Bruni and Michael Mayhew represented the buyer.
BizSense The Pipeline: Commercial Real Estate for 1.28.22
Posted on 1/28/2022 –The Pipeline: Commercial real estate roundup for 1.28.22
Commonwealth Commercial Partners reports the following deals:
Vinson Investments purchased 3,685 square feet at 3781 Westerre Parkway, Suite A and B, in Henrico for $700,000 from Andrew Jackson LLC. Tucker Dowdy and Jamie Galanti with Commonwealth Commercial Partners represented the seller.
Encompass Supply leased 22,800 square feet at 1801 W. Marshall St. in Richmond. Commonwealth Commercial Partners’ Ben Bruni represented the tenant and Russell Wyatt represented the landlord.
Chez Crenshaw leased 9,156 square feet at 6290 Old Warwick Road in Richmond. Colton Konvicka and C. Ryan Fanelli Fanelli with Commonwealth Commercial Partners represented the landlord.
Moffatt & Nichol Inc. leased 7,980 square feet at 1100 Boulders Parkway in Chesterfield. Jamie Galanti, Russell Wyatt and Eliza Izard represented the landlord.
Odle Management Group leased 1,160 square feet at 7400 Beaufont Springs Drive in Chesterfield. Jamie Galanti, Russell Wyatt and Eliza Izard represented the landlord.
Foods for Change expanded its 2,250-square-foot lease at 1110-1112 Westbriar Drive in Henrico. Tucker “Nash” Warren and Kit Tyler represented the tenant.
47 mixed-use parcels in Richmond sell for almost $22M
Posted on 12/21/2021 by Katherine Schulte at Virginia Business
Seven bundles of properties totaling 47 parcels in Richmond sold for almost $22 million, Commonwealth Commercial Partners LLP announced last week.
The mixed-use properties are located in Richmond’s Fan District and consist of retail, office and restaurant space, as well as about 24 apartments and 267 parking spaces.
Richmond-based Eck Enterprises LLC sold the properties to Charlotte, North Carolina-based Carolina Capital Real Estate Partners. Kit Tyler, senior vice president at CCP, and Tucker “Nash” Warren, senior associate at CCP, represented the seller in the three-contract sale that closed Dec. 15.
Commonwealth Commercial Completed Six Transactions this Week
Richmond, VA – December 17, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.
- Carova Holding Company, Inc. leased 1,297 SF at 2101 Parks Avenue in Virginia Beach. Gresh Wall represented the Landlord.
- Dr. Kim Byerly renewed the 995 SF lease at 5101 Cleveland Street in Virginia Beach. Gresh Wall represented the Landlord.
- Synapse Technologies, Inc. leased 3,281 SF at 236 Clearfield Avenue in Virginia Beach. Gresh Wall represented the Landlord.
- Nettles Storage, LLC purchased 3.5 acres of land at 12994 Nettles Drive in Newport News from Nettles Associates, LLC for $650,000. Ryan Fanelli and Nate Krey represented the Seller.
- Victorino de la Barrera leased 4,280 SF at 6290 Old Warwick Road in the City of Richmond. Colton Konvicka and Ryan Fanelli represented the Landlord.
- Capital Interior Contractors, Inc. leased 35,000 SF at 11011 Richardson Road in Hanover County. Ben Bruni and Tucker Dowdy 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.
Commonwealth Commercial Completed Seven Transactions this Week
Richmond, VA – December 10, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.
- Dr. Kim Byerly renewed the 995 SF lease at 5101 Cleveland Street in Virginia Beach. Gresh Wall represented the Landlord.
- JTWdesign, LLC leased 2,020 SF at 15 S. Auburn Avenue in the City of Richmond. Tucker Dowdy and Russell Wyatt represented the Landlord.
- Consolidated Planning, Inc. leased 732 SF at 12540 Patterson Avenue in Goochland County. Tucker Dowdy and Russell Wyatt represented the Tenant.
- Brick and Mortar Mercantile leased 5,142 SF at 3114 W. Cary Street in the City of Richmond. Jim McVey, Michael Morris and Thomas Lynde represented the Landlord.
- DAPSYN Inc. leased 1,809 SF at 1503 Santa Rosa Road in Henrico County. Eric Hammond represented the Landlord.
- Ericka J Fitness leased 2,500 SF at 903 E. Laburnum Avenue in Henrico County. Jamie Galanti and Ben Boykin represented the Tenant.
- ME Namflow, LLC purchased 8,973 SF at 5780 Hull Street Road in the City of Richmond from Parsons & May, LLC for $700,000. Ben Bruni 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.
Commonwealth Commercial Completed Eight Transactions this Week
Richmond, VA – December 3, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.
- InMotion Physical Therapy, LLC leased 4,347 SF at 3001 Hungary Spring Road in Henrico County. Eric Hammond and Chip Louthan represented the Tenant.
- Mosaic Group, LLC dba Mosaic Pediatric Therapy leased 4,087 SF at 5153 Craig Rath Boulevard in Chesterfield County. Jamie Galanti and Eliza Izard represented the Tenant.
- Carova Holding Company, Inc. leased 1,297 SF at 2101 Parks Avenue in Virginia Beach. Gresh Wall represented the Landlord.
- Ogburn Brothers, Inc. leased 28,000 SF at 10987 Richardson Road in Hanover County. Chip Louthan and Michael Mayhew represented the Tenant.
- Richmond Pediatric Dentistry and Orthodontics renewed its 2,938 SF lease at 8503 Patterson Avenue in Henrico County. Eliza Izard and Russell Wyatt represented the Landlord.
- Nettles Storage, LLC purchased 3.5 acres of land at 12994 Nettles Drive in Newport News from Nettles Associates, LLC for $650,000. Ryan Fanelli and Nate Krey represented the Seller.
- Virginia Electric and Power Company purchased 11.8 acres at 212 Dry Bridge Road in Chesterfield County from Watkins Land, LLC for $530,000. Bill Barnett, Joe Buhrman and Chris Jenkins represented the Seller.
- Bellwood Crossing LLC purchased 3.5 acres at 8009, 8011, 8031, 8045 and 8075 Jefferson Davis Highway in the City of Richmond from The Diamond Group, LLC for $1,350,000. Chris Jenkins, Randy Cosby and Michael Good represented the Purchaser and Ben Bruni represents 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.
Commonwealth Commercial Completed Eleven Transactions this Week
Richmond, VA – November 19, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.
- Featherstone Partners, LLC leased 2,722 SF at 1321 Laskin Road in Virginia Beach. Gresh Wall represented the Tenant.
- Smith & Nephew Inc. renewed 1,848 SF at 413 Stuart Circle in the City of Richmond. Eric Hammond and Michael Good represented the Landlord.
- MRC Global (US) Inc. leased 40,000 SF at 8310 Shell Road in Chesterfield County. David Williams and Ben Bruni represented the Landlord.
- Upside to Youth Development LLC leased 3,375 SF at 9401 Courthouse Road in Chesterfield County. Tucker Dowdy and Jamie Galanti represented the Landlord.
- Sunshine Anderson leased 1,250 SF at 1390 Broad Street in Goochland County. Ben Bruni and Carl Blackwell represented the Landlord.
- Carpenter Co. leased 3,211 SF at 5020 Monument Avenue in Henrico County. Erc Hammond and Tucker Dowdy represented the Landlord.
- Hanover Habitat for Humanity leased 13,032 SF at 7193, 7199 and 7211 Stonewall Parkway in Hanover County. Eric Hammond represented the Tenant.
- Code 1 Training Soutions, LLC leased 184 SF at 413 Stuart Circle in the City of Richmond. Eric Hammond and Michael Good represented the Landlord.
- Parkway Acquisitions purchased .7154 acres at 101 W. Grace St., 115 N. Foushee St. , 3 and 9 E. Grace St. in the City of Richmond from Jim’s Family Corp. for $2,875,000. Michael Morris and Jim McVey represented the Purchaser.
- Marwaha Sarup Singh, LLC purchased 38,000 SF at 2500 & 2505 Pocoshock Place in Chesterfield County from Sanadeema LLC for $2,400,000. Tucker Dowdy represented the Seller.
- Hanover Habitat for Humanity leased 13,032 SF at 7193, 7199 and 7211 Stonewall Parkway in Hanover 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.
Breeden pays $3M for Cobb Lumber site for $53M mixed-use project
Posted on 11/18/2021 by Jonathan Spiers at Richmond BizSense
A pair of recent land deals are setting the stage for a mixed-use development of a longtime industrial site along Hermitage Road.
An entity tied to The Breeden Co. closed this month on its purchase of the Cobb Lumber site at 2300 Hermitage Road, where the Virginia Beach-based developer is planning a new-construction project that would include a new headquarters for its Richmond-based construction arm, Breeden Construction.
The entity, Duplex Station LLC, paid $3.2 million for the nearly 2-acre property in a deal that closed Nov. 8. City property records show the site was most recently assessed at $1.42 million.
The seller was Foundry Associates, an entity owned by Steven Clifton and Garland Clay. Clifton is president of Cobb Lumber, which has operated there since 1990. Records show that they paid $260,000 for the property, which is on the west side of Hermitage between the railroad tracks and the Richmond Ambulance Authority property.
Breeden also is buying a sliver of RAA’s property at 2400 Hermitage Road for the project. Last month, the Richmond City Council approved a surplus designation and TOD-1 zoning for the 0.17-acre portion, which the city agreed to sell to affiliate Breeden Investment Properties for $110,250.
Duplex Station LLC is a reference to Breeden’s project, named “Duplex Station on Hermitage.” The six-story building, which would replace the property’s existing structures and fill the entire triangular-shaped site, is planned for 142 apartments and 24,000 square feet of commercial space that would house Breeden Construction.
Philly firm snaps up more parking lots in $2.9M Monroe Ward deal
Posted on 11/16/2021 by Michael Schwartz at Richmond BizSense
Parkway Corp. can’t seem to get enough downtown parking lots.
The Philadelphia-based parking and real estate development firm last week snatched up another set of parcels in Richmond, this time two surface lots in Monroe Ward.
The company paid $2.87 million for a half-acre made up of adjoining parcels at 115 N. Foushee St., 3 E. Grace St. and 9 E. Grace St., as well as the nearby lot at 101 W. Grace St., which is less than a quarter-acre.
The seller was longtime Richmond-based Jim’s Family Parking. The parcels were most recently assessed at a combined $1.2 million.
It’s the latest local deal for Parkway, which since 2016 has spent more than $7 million on lots in Jackson Ward and Monroe Ward.
In 2016 it paid $2 million for a 0.75-acre surface parking lot at 200 E. Marshall St., where it has since partnered with locally-based SNP Properties to propose a 12-story mixed-use building. That project is still in the planning stages.
In 2019, its paid $2.3 million for a nearly 1-acre assemblage bordered by East Marshall, North 2nd and East Clay streets in Jackson Ward.