Posted on 12/13/2021 – Commonwealth Commercial closes sale of 9 Townhomes and 3 grass lots in Richmond’s Fan District
Richmond, Va. – Commonwealth Commercial Partners, LLC (CCP), a leading commercial real estate firm headquartered in Richmond, VA., recently brokered the sale of 9 townhomes and 3 grass lots at 1805-1827 W. Cary Street in Richmond’s Fan District. CCP represented the seller, Eck Enterprises, LLC, and One South Commercial represented the buyer, OSC Development LLC.
Kit Tyler, Senior Vice President at CCP, and Tucker “Nash” Warren, Senior Associate at CCP, negotiated the sale that closed on December 10th for a price of $2.85 million. Each of the 9 townhomes, approximately 1,500 SF average each, consist of the 3 bedrooms and 3 bathrooms, include off-street parking, and are fully leased. The properties were part of the Uptown Portfolio, a large assemblage of real estate holdings owned and developed by Eck Enterprises, LLC.
“I think this group of properties is a great example of Eck’s outstanding care and upkeep of their properties.” says Nash Warren. “It might sound a bit silly, but Eck made sure that their sidewalks were even and smooth and their grass lots were green and maintained. I’m confident that those who are familiar with The Fan would agree that neither of these things are common in this area.”
The Uptown Portfolio consists of more than 100 retail, restaurant, office and multifamily properties concentrated within a 10-block area along West Main and West Cary Streets, just west of the VCU Monroe Park Campus. CCP manages the listing for all the properties in the Uptown Portfolio.
News regarding the sale of other properties within the Uptown Portfolio will be shared after the closing date of the transactions. For more information about Commonwealth Commercial Partners, LLC, visit former.commonwealthcommercial.com.
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.