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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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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Kit Tyler: A deal maker, a mentor and ‘one of the most recognizable people’ in Richmond’s commercial real estate industry

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Posted on 11/21/2020 by Carol Hazard at Richmond Times-Dispatch

Catlin E. “Kit” Tyler Jr. is known in commercial real estate circles as a deal maker — hard working, energetic and focused.

He’s also a mentor, whether it’s helping people in the industry or others in need of an uplifting Christian message.

“He is an inspiration to all who have worked with him over the years, especially the younger pros who were looking for broker best practices on how to conduct themselves and be successful in the business,” said Scott White, a broker with Pollard & Bagby Inc., a residential and commercial brokerage in Richmond.

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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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$4M deal secures final parcel for Carver Square condos development

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Posted on 11/12/2020 by Jonathan Spiers at Richmond BizSense

Less than a week after spending $10 million for a 23-acre site near Short Pump, a prolific area builder put down nearly half that amount for roughly 2 acres in the city — putting the final piece of its next Richmond development in place.

Stanley Martin Homes has finalized its purchase of about 2¼ acres at 1480 and 1500 W. Moore St., where it plans to build the bulk of its recently approved Carver Square condominiums. The Reston-based builder paid $4 million in a deal that closed Nov. 4, according to an announcement from Divaris Real Estate.

Divaris agents Read Goode and Cheryle Toy represented Stanley Martin in the purchase. The transaction was not reflected on city property records available online as of Tuesday afternoon.

The purchase secures the final piece of a three-parcel assemblage that will house Carver Square, approved for 90 “two-over-two”-style units, meaning two-level condos stacked on top of each other within four-story buildings. The project, which secured zoning approval last month, will be the company’s second in the city, following the under-construction Stony Point Landing in the Bon Air area.

Stanley Martin had previously secured the third parcel for Carver Square: a 1.3-acre site at 1027 N. Lombardy St. that it purchased in March for $3.9 million. One South Commercial’s Lory Markham and Ann Schweitzer represented the seller in that deal.

Commonwealth Commercial’s Ben Bruni and Ryan Fanelli had the Moore Street listings, representing property owner John Bottger, who previously owned Argus Steel. The metal supplier has since relocated to Hanover County.

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Developer pays $4.025 million for land in Chesterfield with plans to build 230 apartments

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Posted on 8/21/2020 by Sean Gorman at Richmond Times-Dispatch

A developer has bought 13 acres on Iron Bridge Road in Chesterfield County with plans to build 230 apartments.

Waverton Development Inc. bought the land at 6767 Iron Bridge Road for $4.025 million, according to Commonwealth Commercial Partners LLC, which represented the seller . The sale was completed Thursday.

Construction is underway on the apartment complex, a clubhouse and a pool. The first residents are expected to move in during the second quarter of 2021, Commonwealth Commercial Partners said.

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Commonwealth Commercial Completed Seven Transactions this Week

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Richmond, VA – August 7, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Achilles Foot and Ankle Center, Inc. leased 3,500 SF at 7493 Right Flank Road in Hanover County.  Tucker Dowdy represented the Tenant and Russell Wyatt represented the Landlord.
  • Addus Healthcare, Inc. leased 2,500 SF at 1924 Tappahannock Boulevard in Essex County.  Eric Hammond represented the Tenant.
  • Speech-Language Connection, LLC leased 950 SF at 6740 Forest Hill Avenue in the City of Richmond.  Eric Hammond and Tucker Dowdy represented the Landlord.
  • Japanese Classics, LLC purchased 41,554 SF on 2.77 acres at 2602 Deepwater Terminal Road in the City of Richmond from DT 2017, LLC for $2,138,000.  Ben Bruni and Russell Wyatt represented the Seller.
  • Capital Area Health Network purchased 1.5 acres at 101 Cowardin Avenue in the City of Richmond from Laburnum Properties, Inc. for $775,000.  Kit Tyler represented the Purchaser.
  • Capital Area Health Network purchased 36,983 SF at 101 Cowardin Avenue in the City of Richmond from Manchester Realty, LC for $1,975,000.  Kit Tyler represented the Seller.
  • Jad J. Babik purchased 5.7 acres at 3717 Mountain Road in Henrico County from Heritage Properties R.E., LLC for $370,000.  Sam Worley and Ryan Fanelli 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, Charleston 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 Two Transactions This Week

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Richmond, VA – November 8, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Woodforest National Bank renewed its 1,431 SF lease at 1100 Boulders Parkway in Chesterfield County.  Jamie Galanti, Russell Wyatt and Eliza Izard represented the Landlord.
  • Edward D. Jones Co., L.P. leased 1,129 SF at 3150 West Cary Street in the City of Richmond.  Jim McVey 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, Charleston SC, Reading PA, 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 – June 7, 2019 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.

  • Paige O’Brien Consulting, LLC & Troy Henshaw Counseling, LLC leased 767 SF at Libbie Medical Center, 5700 Old Richmond Avenue in Henrico County. Tucker Dowdy and Mark Claud represented the Landlord.
  • Tiffany Snidow Barribeau, PLC, LLC & Pamela Douglas, MSN, APRN, BC, LLC leased 1,787 SF at 6722 Patterson Avenue in the City of Richmond. Tucker Dowdy represented the Tenant.
  • Petal Card, Inc. leased 9,024 SF at 9711 Farrar Court in Chesterfield County. Ben Bruni and Evan Ocheltree represented the Tenant.
  • The Mawyer Real Estate Group leased 1,338 SF at 11551 Nuckols Road in Henrico County. Nash Warren and Eliza Izard represented the Landlord.
  • Kristen Michelle Lilly leased 1,200 SF at First Street Station, 801 N. First Street in Albemarle County. Carl Blackwell and Campbell Henkel represented the Landlord.
  • Gambit, LLC purchased 10,922 SF at 3101 Northside Avenue in Henrico County from Robert Latham for $700,000. Ben Bruni and Russell Wyatt 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, 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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