{"id":1004150704,"date":"2016-08-24T01:55:15","date_gmt":"2016-08-24T09:55:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150704"},"modified":"2020-04-06T06:11:38","modified_gmt":"2020-04-06T14:11:38","slug":"commonwealth-commercial-to-manage-2-5-msf-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commonwealth-commercial-to-manage-2-5-msf-portfolio\/","title":{"rendered":"Commonwealth Commercial to Manage 2.5 MSF Portfolio"},"content":{"rendered":"<p><em>By Bogdan Odagescu, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004150705\" style=\"width: 280px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/The-Concourse-Morrissville-N.C..jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004150705\" data-attachment-id=\"1004150705\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/commonwealth-commercial-to-manage-2-5-msf-portfolio\/the-concourse-morrissville-n-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/The-Concourse-Morrissville-N.C..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Concourse, Morrissville, N.C., a CCP property\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Concourse, Morrissville, N.C., a CCP property&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/The-Concourse-Morrissville-N.C..jpg?w=640\" class=\"wp-image-1004150705\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/The-Concourse-Morrissville-N.C..jpg\" alt=\"The Concourse, Morrissville, N.C., a CCP property\" width=\"270\" height=\"216\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/The-Concourse-Morrissville-N.C..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/The-Concourse-Morrissville-N.C..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 270px) 100vw, 270px\" \/><\/a><p id=\"caption-attachment-1004150705\" class=\"wp-caption-text\">The Concourse, Morrissville, N.C., a CCP property<\/p><\/div>\n<p><strong>Richmond, Va.<\/strong>\u2014<a href=\"https:\/\/www.commonwealthcommercial.com\/\" target=\"_blank\" rel=\"nofollow\">Commonwealth Commercial Partners<\/a> has reached an agreement with <a href=\"https:\/\/www.continentalcapital.us\/\" target=\"_blank\" rel=\"nofollow\">CCP Commercial Real Estate<\/a>\u00a0to assume asset and property management duties for the latter\u2019s portfolio.<\/p>\n<p>Virginia Beach, Va.-headquartered CCP currently holds a portfolio of approximately 2.5 million square feet of Class A office and industrial properties spread throughout the Mid-Atlantic area and Southeastern U.S. The list of 31 buildings includes nine properties in <a href=\"https:\/\/www.commercialsearch.com\/news\/raleigh\/\" target=\"_blank\">North Carolina\u2019s Raleigh-Durham area<\/a>; five in Nashville, Tenn.; five in Reading, Pa.; three in Virginia Beach; and two in Charlotte, N.C.<\/p>\n<p>\u201cTheir (CCP\u2019s) growth trajectory has been impressive and we are excited to go to work in executing the business plan for the expanding portfolio,\u201d Ken Strickler, president of Commonwealth Commercial, said in prepared remarks.<\/p>\n<p>Following this agreement, Commonwealth Commercial\u2019s portfolio now exceeds 13 million square feet. In order to accommodate its latest contract, the Richmond-based company added new offices in Raleigh, Charlotte and Reading. This adds to the company\u2019s previous bases in Richmond, Virginia Beach, Nashville, Jacksonville, Fla., Greensboro, N.C., and Tampa, Fla.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portfolio consists of 31 Class A office and industrial buildings spread throughout the Mid-Atlantic area and Southeastern U.S. <\/p>\n","protected":false},"author":740,"featured_media":1004150705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21748,11,36077,21742,21747,1494,21785,1604,36153],"tags":[],"class_list":["post-1004150704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-industrial","category-midatlantic","category-nashville-knoxville","category-latest","category-office","category-philadelphia","category-property-management","category-raleigh-durham","category-richmond-hampton-roads"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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