Lingerfelt CommonWealth Partners Adds to its Real Estate Portfolio in Innsbrook Corporate Center
Press Release | Aug 12, 2014
Richmond, Virginia – August 12, 2014 – Lingerfelt CommonWealth Partners today announced the acquisition of 7 buildings within Innsbrook Corporate Center. The portfolio includes 7 office properties totaling nearly 200,000 square feet and increases the company’s total holdings in the Innsbrook area to more than 1.25 million square feet, including its recent acquisition of the 242 room, full-service Richmond Marriott West.
“This is a portfolio of quality, institutionally maintained buildings located within Richmond’s premier suburban office park,” stated Brian Witthoefft, Senior Vice President at Lingerfelt CommonWealth Partners. “These buildings strategically complement our existing Innsbrook portfolio given their design and price point, thus providing optionality to our existing customer base as well as prospective customers.”
As part of its vertically integrated operating platform, Lingerfelt CommonWealth Partners will handle leasing and Commonwealth Commercial Partners, a property management affiliate, will handle all aspects of the day to day asset and property management.
About Lingerfelt CommonWealth Partners
Lingerfelt CommonWealth Partners, headquartered in Richmond, Virginia, is a quality full-service, self-administered and self-managed real estate company with a demonstrated history of successful real estate acquisition and development. Spanning three generations and more than 57 years in the real estate business, the company has built and acquired in excess of 15 million square-feet of commercial real estate valued at over $1.5 billion. Property types include: medical and professional offices, industrial and distribution facilities, data and call centers, full service and limited service hotels, elderly housing and nursing homes throughout the Mid-Atlantic and Southeast, primarily in Virginia, North Carolina, South Carolina, Tennessee and Maryland.
More on the company can be found on the web at www.LingerfeltCo.com.