Mill Race Commons Building Fully Occupied for the First Time in Over 10 Years

Mill Race Commons

Fredericksburg, Virginia: In just over a year, Coldwell Banker Commercial Elite agent Cameron Coleman and broker Ben Keddie have successfully leased all of the remaining spaces in the Mill Race Commons building—some of which had been vacant for over ten years.

The 28,330 square foot historic office building’s unique design alludes to its past as a textile factory, built in 1929. It’s since been renovated and converted into a professional office building, featuring lofts, skylights, and exposed beams. Strategically located in the heart of Downtown Fredericksburg, the new tenants of Mill Race Commons are just minutes from Route 3, I-95, shopping, and restaurants.

Mill Race Commons

Since taking over the listing, Coleman and Keddie were able to fill the seven remaining spaces out of ten in the building, totaling 16,687 square feet.  The property is now fully occupied for the first time since 2005. The building’s owner notes, “It can be difficult to own and lease a commercial office building hundreds of miles away but having a great team like Coldwell Banker Commercial Elite makes it seem simple and effortless.  Ben Keddie and Cameron Coleman have done an outstanding job of leasing up our property and achieving our desired lease rates and terms. Their efforts have provided our organization with a well-positioned income-producing asset in our portfolio.”

The new tenants are 4 government contractor headquarters consisting of Marstel-Day, VxL Enterprises, Ratio Management, and Resolution Video as well as Thriveworks, a life-coaching counseling service.

About Coldwell Banker Commercial Elite

As the Fredericksburg region’s largest commercial real estate company, Coldwell Banker Commercial Elite is the premier commercial real estate market leader. Coldwell Banker Commercial Elite was awarded the #1 Coldwell Banker Commercial Affiliate Office in Virginia for the past 4 years (2013-2016)! The Coldwell Banker Commercial Elite Team is as dedicated to your success as you are. Our company provides in-depth commercial real estate solutions and services including landlord and tenant representation, buyer and seller representation, property management, investment acquisition and disposition services and development consulting. Our primary focus area consists of the greater Fredericksburg region (Stafford, Spotsylvania, King George, Caroline, City of Fredericksburg), while also servicing the Washington, D.C. Metro area and all of Virginia. For more information, visit: www.cbcelite.com

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