Posted on 5/6/2022 –The Pipeline: Commercial real estate roundup for 5.6.22
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.
Commonwealth Commercial’s June Personnel News
Richmond, VA – July 2, 2021 – Commonwealth Commercial Partners, LLC is pleased to report new hires and promotions during the month of June.
- New Hire – Sherri Smith
DCP is very excited to announce the hiring of Sherri Smith who joined the team as Controller on June 28.
- Promotion – Suganthi Kumareshan
Please join us in congratulating Suganthi Kumareshan, in our Richmond office, on her promotion to Corporate Analyst.
- New Hire – Ben Boykin
On June 14th, we welcomed Ben Boykin as a Sales & Leasing Associate in our Richmond brokerage division.
- New Hire – Robert Dunlap
On June 7th, we welcomed Robert Dunlap as Senior Property Manager at our Houston, Texas office.
- New Hire – Corey Doucet
On June 7th, we welcomed Corey Doucet to the Richmond Tenant Services Team.
- New Hire – Matthew J. Baumgarten
On June 1st we welcomed Matt Baumgarten as the new Managing Director of Comprehensive Development Strategies (CDS). Matt brings 23 years of progressive real estate development and construction project management experience to the company and will provide the executive level day-to-day management and business development for CDS. He will be located in our Hampton Roads office with Gresh Wall.
- New Hire – Ethan Autry
Please join us in welcoming Ethan Autry to DCP as our summer 2021 intern!
- New Hire – Rich McDaniel
The Asset Management group is excited to announce the hiring of Rich McDaniel, who joined us as an intern on June 1st.
- New Hire – Derek Auslander
On June 1, Derek Auslander joined the CCP-FL team as Senior Property Manager in our Jacksonville office.
- Promotion – Hunter Huber
On June 1st, Hunter Huber was promoted to Director of Property Management. In this role, he will have responsibility for all aspects of our property management division.
Commonwealth Commercial Completed a Transaction this Week
Richmond, VA – June 25, 2021 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.
- Glass America MidWest, LLC leased 2,300 SF at 1333 Azalea Garden Road in Norfolk. Gresh Wall and Nate Krey 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.
INCHARGE ENERGY INC. EXPANDS THEIR LOCAL FOOTPRINT IN CHESTERFIELD
Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of 20,656± SF at 11625 Busy Street in Chesterfield County. Tucker Dowdy of Commonwealth Commercial represented the Seller, Sanadeema, LLC. Chris Wheless with Elite Real Estate represented the Buyer, InCharge Energy, Inc. This property sold for $1,900,000 and closed on June 4, 2021.
This cutting-edge company specializes in large-scale emissions reduction through “electrification” of the transportation industry. This move will be an expansion of their current Richmond Operation while still being headquartered in Santa Monica, California.
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, Kansas City MO, St. Louis MO, Minneapolis MN, Columbus OH, 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 Industrial Distribution Building For $7.8 Million, Announces Major Renovations
Richmond, VA — April 1, 2020 — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the $7,800,000 acquisition of 4300 Carolina Avenue in Richmond, Virginia. The asset is a 223,479 square foot industrial facility located in Richmond Distribution Center near Richmond International Raceway. The building is currently unoccupied and construction will commence next week on a multimillion dollar comprehensive renovation and repositioning of the asset.
“Lingerfelt CommonWealth has a long history in the industrial sector spanning nearly four decades,” said Brian Witthoefft, Managing Director of Lingerfelt Commonwealth Partners. “The fundamentals of Richmond’s industrial market remain compelling. Vacancy rates market-wide are near 4% with less than 2% vacancy in Richmond Distribution Center. We have already secured a user for 25% of the property and interest in the remainder of the building is very active.”
Renovations to the property will take approximately three months and include structural improvements such as an expanded truck court and loading area, all new dock doors, seals, levelers, additional loading docks, a new LED warehouse lighting package, a modernized sprinkler system, and a new roof system. Additionally, the facility will receive cosmetic enhancements such as being newly painted, all new landscape design, and parking lot upgrades. “The location and bones of the facility are sound and our renovations will ensure that the building is appropriately modernized to meet the needs of today’s distribution and manufacturing users,” said Witthoefft.
Constructed in 1984, the facility was originally a design-build for the IRS. Certain elements of the original design, such as surplus vehicular parking, are no longer required and now provide Lingerfelt CommonWealth the opportunity to further develop the site. “We will develop a new 75,000 square foot stand-alone industrial building in the corner of the surplus parking area,” added Witthoefft. “We are currently in discussions with several potential build-to-suit users about that pad site.”
The company recently completed a similar repositioning of an industrial facility located at 1537 Air Rail Avenue in Norfolk, Virginia. Lingerfelt CommonWealth purchased that asset in 2018 for $8.0 million, invested $7 million in improvements while securing a user, and sold the property in November of 2020 for $21.695 million.
Commonwealth Commercial Partners, the company’s property management affiliate, will provide leasing, property and asset management services for the facility.
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.
CCP named in CoStar’s Top 5 Sales & Leasing Firms for 2020
Richmond, VA – March 26, 2021 – CCP named in CoStar’s Top 5 Sales & Leasing Firms for 2020
CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced today the recipients of the 2020 CoStar Power Broker Award, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals in their respective markets.
Commonwealth Commercial has been recognized in the Top 5 of both the Top Leasing Firms and Top Sales Firms in the Richmond, VA market – for the third year in a row.
The CoStar Power Broker Award program has honored the industry’s elite for 21 years. Please help us in congratulating our outstanding Sales & Leasing Team on this awesome achievement!
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.
Hampton Roads Sales & Leasing Division Wins New Brokerage Account
Hampton Roads, VA – February 16, 2021 – Hampton Roads Sales & Leasing Division Wins New Brokerage Account
CCP Hampton Roads was recently selected to market for sale a Runnymede-owned property located at 3415 Granby St. in Norfolk, VA. The property consists of a 17,367 SF, 2-story office building, on 0.64 acres zoned CN (Commercial Neighborhood), and is 100% leased to 3 tenants. The anchor tenant is a medical tenant occupying approximately 50% of the building. Listing Agents: Gresh Wall & Nate Krey.
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 – 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.
Commonwealth Commercial Completed Three Transactions this Weeks
Richmond, VA – September 4, 2020 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions.
- Balvinder Singh leased 700 SF at 1507 Huguenot Road in Chesterfield County. Eric Hammond represented the Landlord.
- Home Is Where The Heart Is Corporation leased 1,148 SF at 7400 Beaufont Springs Drive in Chesterfield County. Eliza Izard, Russell Wyatt and Jamie Galanti represented the Landlord.
- Roclynd EB 1 LLC purchased 97,000 SF at 2717 W. Main Street in Augusta County from Wilmington Trust, National Association for $500,000. Carl Blackwell and Ryan Fanelli 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.
Mount Eagle Development purchased 214.5 acres at 8248 Mount Eagle Road in Hanover for $3 million from Rose B. Domayer, et al. Chris Jenkins and Randy Cosby with Commonwealth Commercial Partners represented the seller.
Williamsburg Beds leased 38,454 square feet at 4300 Carolina Ave. in Henrico. David Williams and Chip Louthan with Commonwealth Commercial Partners represented the landlord.
State Farm leased 967 square feet at 2505 Pocoshock Place in Chesterfield. Tucker Dowdy and Michael Good represented the landlord.
Family Transitions leased 3,152 square feet at 2505 Pocoshock Place in Chesterfield. Tucker Dowdy and Michael Good represented the landlord.
Bokatako LLC leased 2,750 square feet at 2557 Sheila Lane in Richmond. Morgan Trible represented the landlord.
Eastern Rose Hair Studio leased 1,820 square feet at 1300 Winterfield Road in Chesterfield. Tucker Dowdy and Sam Worley represented the landlord.
Tom Pearson Insurance Agency leased 1,599 square feet at 9321 Midlothian Turnpike in Chesterfield. Tucker Dowdy represented the tenant.
Brocade Bridal leased 1,372 square feet at 4010 W. Broad St. in Richmond. Thomas Lynde, Jim McVey and Michael Morris represented the tenant.
5935 Hopkins Road LLC and 5935 Hopkins Road RSA LLC purchased 6,212 square feet at 5935 Hopkins Road in Chesterfield for $870,000 from Smith & Cottingham LLC. Eric Hammond and Michael Good represented the seller.