The Coldwell Banker Commercial Elite Team currently manages thousands of square feet of commercial property and thousands of 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.



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.


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: 

Office Buildings

Industrial Buildings

Shopping centers

Medical complexes

Property Owners Associations



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

Mixed-Use Commercial Managed

714,000 SQ FT

Retail Space Managed

318,000 SQ FT

Office Space Managed

145,000 SQ FT

Medical Space Managed

72,000 SQ FT

Industrial Space Managed

179,000 SQ FT

POA Managed

2,264 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


  • Vendor contract negotiations
  • Monthly physical inspections
  • Promptly respond to tenant/owner needs
  • Order and coordinate service work by vendors


  • Accounts receivable / payable
  • Tenant Invoicing
  • Detailed financial reports
  • Prepare and disburse year-end tax forms
  • Lease administration

Asset Management

  • Maintain routine contact with the landlord
  • Maintain emergency contact numbers and receive calls
  • Enforce building regulations
  • Strategize with the owner to maintain and improve asset value
Peggy Thwing

Peggy Thwing

Director of Commercial Property Management & Realtor

Peggy Thwing is the Property Manager for Coldwell Banker Commercial Elite. Prior to joining Coldwell Banker Commercial, she worked for Silver Companies for over 10 years. She brings over 20+ years of real estate experience, with 16+ years in property management. Peggy is responsible for Business Development for the Commercial Property Management Division, along with managing the day to day commercial portfolio. Peggy specializes in mix-use commercial properties along with an extensive background in Property Owners Association set up and implementation. She is a member of the Institution of Real Estate Management. Peggy currently holds the designation of (ACoM) Accredited Commercial Manager and is a candidate for the prestigious (CPM) Certified Property Manager designation.

Kelsey LeCroy

Commercial Assistant Property Manager

O:  540.785.3363
M:  540.220.4017

Sylvia Bruce

Commercial Property Management Accountant

O:  540.785.3384

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. 

Contact us today for details on our property management services.



Market Updates

New Listings