News

Press Release | Jun 19, 2018

Lingerfelt CommonWealth Acquires Virginia Beach Resort Hotel & Conference Center

Richmond, VA, June 18, 2018 — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, in a joint venture with JDI Realty LLC, a Chicago, Illinois-based commercial real estate investment firm, today announced the acquisition of the Virginia Beach Resort Hotel & Conference Center at 2800 Shore Drive in Virginia Beach for […]

Press Release | Jun 1, 2018

Lingerfelt Commonwealth Partners Closes $100 Million Value-Add / Opportunistic Real Estate Fund

RICHMOND, VA, MAY 31, 2018 Lingerfelt Commonwealth Partners (“Lingerfelt”) announced today the final closing of its second value-add real estate fund, Lingerfelt Commonwealth Value Fund II, L.P. (“Fund II”) slightly above its $100 million target. Consistent with the investment strategy of its predecessor fund, Fund II will focus on all property types of real estate […]

Press Release | Feb 21, 2018

Lingerfelt CommonWealth Acquires Buschwood III in Tampa, Florida

Richmond, VA —  February 20, 2018  — Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of Buschwood III, a 78,453 SF class A office building in Tampa, Florida. Buschwood III, located at 3350 Buschwood Park Drive, is within the Northwest submarket in suburban Tampa. The two-story […]

Press Release | Nov 20, 2017

Lingerfelt CommonWealth Acquires Norfolk Waterside Marriott in Downtown Norfolk, Virginia

Richmond, VA —  November 17, 2017  — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of the Norfolk Waterside Marriott in downtown Norfolk, Virginia.  The premium branded full-service hotel and conference center includes 405 rooms, nearly 70,000 SF of meeting/conference center space and will immediately undergo a […]

Press Release | Jul 14, 2017

Lingerfelt CommonWealth Acquires Office Tower in Houston, Texas

Richmond, VA  —  July 6, 2017  — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of 1700 West Loop – Burns & McDonnell Plaza located in Houston, Texas for $52 million. 1700 West Loop, located in the Galleria/Uptown submarket of Houston, is a 14 story, 272,941 square […]

Press Release | Mar 2, 2017

Lingerfelt CommonWealth Sells Richmond Marriott Short Pump in Richmond, VA

RICHMOND, VA (March 2, 2017) – Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the sale of the 243 room full-service Richmond Marriott Short Pump for $38.5 million. The purchaser was a partnership of regional investors. Commonwealth Lodging Management, the company’s hotel management affiliate, will continue to operate the […]

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