Commonwealth Commercial Partners, LLC

Commonwealth Commercial Partners, LLC, a leading commercial real estate firm headquartered in Richmond, Va., is pleased to announce they have been awarded the property management of a medical office building. This 22,000 sq. ft. asset, constructed in 2016, is located at 11934 W. Broad Street, Richmond, Va. This asset has a plastic surgery suite, compounding pharmacy and orthodontic practice as some of the tenants. Adam Megenity #commonwealthcommercial #ccp #propertymanagement #rva

Busy day in RVA! Last Greater Richmond Association for Commercial Real Estate (GRACRE) breakfast of 2024 was our Annual Economic Review with Renee Haltom, followed by the ChamberRVA Regional Action Summit. . . . Commonwealth Commercial Partners, LLC

I'm excited to share that I've been experiencing success in connecting with investment groups lately. The conversations around real estate opportunities, Co-Gp deals, and portfolio asset management have been incredibly fruitful! What's driving this surge? My guess is the buzz surrounding the real estate markets as we look ahead to 2025. The enthusiasm is contagious, and it's creating some fantastic opportunities for collaboration. 🔑 Key areas we're exploring: • Real Estate Consulting Projects • Portfolio Asset Management • Co-Gp Deals Are you interested in learning about Commonwealth's investments and asset management arms? I'd love to chat! Whether you're an investor, developer, or industry professional, there's never been a better time to connect. Drop me a message or comment below to start the conversation! #RealEstateInvestment #AssetManagement #NetworkingOpportunities #2025RealEstateMarket #CommonwealthInvestments

Now Available for Sublease 1321 Laskin Road, Suite 201 Virginia Beach, VA 23451 Check out this video of the space! https://lnkd.in/e48CnSgZ Call F. Gresham Wall, III at 757-461-4732 for additional information or visit us online at https://lnkd.in/epRJxuxZ #commonwealthcommercial #ccp #cre #virginiabeach

Our Jacksonville team recently volunteered with Feeding Northeast Florida, whose mission is to nourish hope and restore dignity for those living with hunger through access to nutritious food, innovative programming and education. Felicity Shorrock Derek Auslander, MBA Eric Tatro #commonwealthcommercial #jacksonville #florida #propertymanagement

Congratulations to our Sales & Leasing team on their recent transaction! Terracon Consultants, Inc. leased 5,421 SF at 3711 Saunders Avenue in the City of Richmond. Colton Konvicka represented the Tenant #commonwealthcommercial #ccp #cre #brokerage #rva https://lnkd.in/eeiKsRwT

The Richmond MSA has seen a tremendous amount of leasing activity in the past six months with approximately 2.3 million square feet leased since May 1, 2024. Richmond continues to remain a strong industrial market despite the macroeconomic headwinds being experienced throughout the country. Both local, regional, and national developers remain interested in finding shovel ready and raw land sites in the Richmond market to develop Industrial facilities given the well below average vacancy rate of 4.1% and strong demand for the product.  Ben Bruni, SIOR Colton Konvicka #commonwealthcommercial #ccp #cre #brokerage #industrial #rva

Congratulations to Edward D., Noah Reyes, and Lindell S. on the successful refinancing of the Marjac Suites in Virginia Beach, VA, a sixty-suite oceanfront hotel that sits directly along the Virginia Beach Boardwalk.   Lender Testimonial: “It was a pleasure working with you and your team. I am thoroughly impressed with the value that you brought to the borrower, as well as your dedication and determination in getting the deal complete.”

Commonwealth Lodging Affiliate Acquires Courtyard by Marriott in Oxford, Mississippi Commonwealth Lodging Management, LLC – a well-respected and established hospitality management firm based in Virginia Beach, VA – acquired the 121 room Courtyard by Marriott in Oxford, Mississippi for $18,625,000. This asset represents the firm’s first investment in the Magnolia State. The hotel will be modernized via a $3.7mm renovation to Marriott’s latest décor package, and Commonwealth Lodging will immediately implement its hands-on management to improve the overall guest experience in the hotel. Adjacent to the University of Mississippi (“Ole Miss”), the property is the closest branded hotel to the university, and it is strategically located between the Ole Miss campus and downtown Oxford. The Square, downtown Oxford’s historic cultural and economic hub, is within an 8-minute walk from the hotel. Part of the $3.7mm renovation includes reactivating the closed rooftop restaurant and bar with a new concept, appropriately themed to the market. Commonwealth Lodging will oversee all operations and repositioning of the hotel.  “We are pleased to grow our investment footprint in the South and look forward to executing our management strategy for this quality hospitality asset.  The hotel is uniquely positioned with a great brand, in a great location, and we are excited to develop a best-in-class team onsite that clearly positions this hotel as the market leader,” said Edward D., Chief Development Officer of Commonwealth Lodging. #commonwealthlodging #hospitalitymanagement #oxford #mississippi Commonwealth Commercial Partners, LLC

Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, Va., is pleased to announce they have been awarded the facility management of two industrial buildings totaling approximately 200K sf. The buildings are owned by Brennan Investment Group and located at 5006 and 5028 Harding Place in Nashville, TN. Brennan is the second largest privately held industrial real estate owner and operator in the U.S. “We are thrilled to be working with Brennan on these assets and appreciate the opportunity to provide our management services,” said David Cheek, Managing Director of Commonwealth Commercial Partners in Nashville, TN. #commonwealthcommercial #ccp #cre #tn