Commonwealth Commercial promotes Kenneth S. Strickler to president

Commonwealth Commercial Partners LLC has named Kenneth S. Strickler president of the Richmond -based company. Mark Claud will continue to serve as CEO.

In his new position, Strickler will be responsible for the operational and long-term planning for all company functions, including strategy and allocation of resources.

Strickler started his real estate career as a property manager for Commonwealth Commercial. He previously served as managing director of asset management. He also helped found Commonwealth Commercial’s asset management division (StreamCo LLC) in 2008 and has been responsible for managing its operations since then.

The company’s asset management portfolio has grown to more than 10 million square feet in 11 states. The portfolio is focused on providing turnkey asset management services to institutional owners and family offices.

Strickler will continue as managing director of investments for Lingerfelt CommonwealthPartners (the company’s investment management affiliate). Strickler and his team are responsible for sourcing and structuring all Lingerfelt acquisitions in the eastern U.S.

“Ken has proven himself a steadfast and respected leader of this company, and the expertise and perspective he has gained by serving in various positions across the company will be invaluable as he enters this new, expanded role.” Claud said in a statement.

Claud will continue to serve on the leadership team and focus on business development, client relationship management and engagement.

The  change comes as the company celebrates its 20th year in business. Commonwealth Commercial said it has seen an average rate of 60 percent employee growth year over
year since 2009 and has continued to expand in its areas of expertise: office, industrial, retail, multifamily, senior living, hospitality, rural and urban land, and investment clients.