PROPERTY MANAGEMENT

WE HAVE THE EXPERIENCE

The Coldwell Banker Commercial Elite Team currently manages 800,000+ square feet of commercial property and 2,200+ acres of land!

Through our close associations with respected local contractors, as well as with maintenance personnel, we keep buildings and grounds attractive and in good condition by addressing the client and tenant requests promptly and efficiently. Our information systems provide owners with accurate, timely property accounting and reporting. All of this provides for a happier tenant, a better performing asset and a very satisfied client.

WE KNOW THE LOcAL

VENDORS & cONTRAcTORS

The better managed your property is, the more valuable your asset. We go beyond the day-to-day operations and implement creative methods to steadily increase the value of your asset. Our property management team works hands-on to develop and manage programs that focus on cost-efficient operations, tenant retention and long-term commercial success.

THE RESULT:

Greatly enhanced property values for our client’s commercial real estate assets. Our Team provides full, in-depth commercial property management services throughout Virginia, servicing all property types including, but not limited to:

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Office Buildings

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Industrial Buildings

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Shopping centers

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Medical complexes

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Property Owners Associations

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Land

OUR EXPERTISE:

Here are a sample of current properties, property types, and
developments our property management currently manages.

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Mixed-Use Commercial Managed

714,000 SQ FT

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Retail Space Managed

318,000 SQ FT

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Office Space Managed

145,000 SQ FT

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Medical Space Managed

72,000 SQ FT

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Industrial Space Managed

179,000 SQ FT

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POA Managed

2,266 Acres

Summary of our Services

Vacancy Options

Market and advertise vacancy (Lease Agreement with Coldwell Banker Commercial Required)
Routine inspections
Provide quarterly market statistics as a comparison to subject property

Maintenance

Negotiate and manage vendor contracts
Perform monthly property inspections
Provide responsive, professional support to tenants and owners
Coordinate service work and maintenance projects
Oversee the planning and execution of capital improvements and tenant build-outs

Financial

Collect rent and manage accounts receivable/payable
We provide ownership distributions on a monthly basis or according to the owner’s preferred schedule
We prepare annual operating budgets to support financial planning and asset performance goals
We perform Common Area Maintenance (CAM) reconciliations based on lease requirements and provide detailed reporting to both ownership and tenants
Generate detailed monthly financial statements
We issue year-end financial statements, including profit and loss summaries, and provide 1099 tax documentation for vendors and owners’ accountants
Administer lease obligations by invoicing tenants and managing escalations, renewals, and other lease terms

Asset Management

Maintain regular communication with property owners and tenants
Enforce building rules and regulations
Manage 24/7 emergency contact protocols
Collaborate with owners to improve operational efficiency and asset value

Peggy Thwing

Director of Commercial Property Management & Realtor

Peggy Thwing brings over 25 years of real estate experience, including more than 16 years specializing in commercial property management. Prior to joining Coldwell Banker Commercial Elite, she spent over a decade with Silver Companies, building a strong foundation in commercial real estate operations.

At Coldwell Banker Commercial Elite, Peggy leads the Commercial Property Management Division and oversees daily portfolio operations. She serves as the primary liaison between property owners, tenants, and association boards, ensuring clear communication, financial accountability, and operational excellence.

Peggy has particular expertise in mixed-use commercial developments and the formation and administration of Property Owners Associations (POAs). She is a member of the Institute of Real Estate Management (IREM), holds the Accredited Commercial Manager (ACoM) designation, and is a Certified Property Manager (CPM) candidate.

Carmen Villalba

Assistant Property Manager

O: 540.786.1402 ext 418
E: cvillalba@cbeva.com

Carmen Villalba is a recent graduate of the University of Mary Washington with a Bachelor of Science in Business Administration. Carmen served as a member of the Business Dean’s Advisory Board and has experience with client development and support. Carmen has worked in HOA, POA, and Condominium management with experience in managing over 1,800 homes. While being new to the industry, Carmen has high aspirations for career growth and hopes to have a positive impact on Coldwell Banker and the Fredericksburg Community.

Eliot Williams

Maintenance Coordinator

O: 540.786.1402 ext 273
E: ewilliams@cbeva.com

Eliot Williams, a Tennessee native, spent 15 years in Minor League Baseball, beginning his career with the Jackson Generals in 2013 before joining the Asheville Tourists in 2014. In January 2020, he relocated to Fredericksburg to serve as Director of Operations for the Fredericksburg Nationals. After six successful years with the Nationals, Eliot transitioned into the commercial property management sector. While new to the field, he approaches each responsibility with professionalism, adaptability, and a strong commitment to continued growth and long-term success.

Sylvia Bruce

Commercial Property Management Accountant

O: 540.785.3384
E: sbruce@cbeva.com

Sylvia joined Coldwell Banker Commercial Elite in September 2020 as the Property Management Accountant, bringing over 20 years of accounting experience. Her expertise includes full-cycle property accounting, financial reporting, and supporting multi-entity commercial portfolios, with a background in the healthcare and automotive industries. Known for her attention to detail and analytical approach, Sylvia provides accurate financial insights that support efficient property management operations.

Joye Marsh

Accounting Administrator

O: 540.786.1402
E: jmarsh@cbeva.com

Joye joined Coldwell Banker Commercial Elite in January 2013 and plays a key role in supporting office operations and commercial real estate transactions from listing through settlement. She assists with property management accounting functions, including accounts payable and bank reconciliations. With over 20 years of banking experience and an extensive executive-level real estate support background, she brings strong financial oversight and attention to detail to the team.

Your properties will succeed and profit because our dedicated team works harder and faster than any other firm. Coldwell Banker Commercial Elite’s Property Management Division will give you peace of mind and confidence that your property is performing above the competitive market.