Back to News

Richmond, VA. – A bigger deal is still pending, but a small piece of the Eck family real estate portfolio has been snagged by a local investor.

Nine properties along West Main and Cary streets — highlighted by the 15,000-square-foot Social Security Administration office building at 1834 W. Cary St. — sold last week for a total of $5.9 million.

Praveen Gupta, a Henrico-based investor, bought the properties from Eck Enterprises, the family business of the late Edgar Eck Jr., who redeveloped dozens of buildings in the Fan in the 1980s.

The deal included 1715, 1719, 1723 and 1727 W. Main St., as well as 1504, 1518, 1520, 1603 and 1834 W. Cary St.

The Ecks’ 150-plus property portfolio hit the market earlier this year and the bulk remains under contract to be sold to a single mystery buyer.

Commonwealth Commercial’s Kit Tyler, who has the listing with colleague Nash Warren, confirmed this week that most of the Eck portfolio remains under contract and scheduled to close by the end of 2021.

Continue reading the full article

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, St. Louis 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.

Share this: