Providence Hill Real Estate adding second office with $1M Midlo deal

P2 13356 Midlothian Turnpike PREF 1

The office building at 13356 Midlothian Turnpike, which the owners of Providence Hill Real Estate bought last month and plan to locate a second office. (Images courtesy Providence Hill)

Two years after breaking out on its own, a homegrown residential real estate brokerage will soon have a second office and a foothold on both sides of the river.

Providence Hill Real Estate is preparing to open a new office at 13356 Midlothian Turnpike, across from Midlothian Middle School, after the brokerage’s owners bought the two-story office building there in late September for $1.1 million.

Co-owner Dawson Boyer bought the building with Elliott Gravitt and brother Caleb Boyer, who founded Providence Hill in 2021 with the top-selling agent team they’d led at SRMF Real Estate. The three owners will be the building’s landlords through an LLC they used to make the purchase, which closed Sept. 26.

PHRE1

Dawson Boyer, Elliott Gravitt and Caleb Boyer, from left, outside the building they bought for the brokerage’s Southside office.

The seller was Powhite Land Company LLC, an entity tied to Dennis Burgess, whose CPA firm had been based there. Eric Hammond and Tucker Dowdy with Commonwealth Commercial Partners represented Burgess in the deal, while Frank Hargrove with Colliers represented the buyers.

Chesterfield County assessed the half-acre property at nearly $660,000.

Boyer said they had been planning a second office across the river since launching Providence Hill in a space it rents at Tuckahoe Shopping Center in western Henrico. He said 40 percent of the brokerage’s business has been south of the river, where several of its 40-plus agents also are based.

“That’s just where we always saw the growth going, and in the last two years, the activity has just validated those original thoughts,” Boyer said. “Obviously we hope to have a stronger presence, but we have a pretty big presence down there right now.”

Boyer said they liked the location for its proximity to Huguenot Road and Route 288. He said owning their second office instead of renting also comes with its own advantages.

The brokerage will fill 3,300 of the building’s 7,400 square feet of space, which also houses existing tenants Peake Law Group, Commonwealth Behavioral Health and Community Driving School of Midlothian.

Providence Hill’s space will be on the ground floor, leaving 1,800 square feet available on the second floor for one or two additional tenants.

The landlords have tapped Dallan Construction to renovate the building and Providence Hill’s space, which they’re aiming to open next spring. Cortez Architecture + Design is designing the interior and exterior renovations. Boyer said the project’s cost has yet to be determined.

PHRE North East Perspective

A rendering of the building post-renovation.

One of the brokerage’s three staffers will be based at the office, while the Boyers and Gravitt will rotate between the two locations. Boyer said agents will be free to work out of either space.

“We don’t dictate where people have to go, but I think naturally the people who live close to that office will go there,” he said.

The location adds to Providence Hill’s presence in Chesterfield, where it has a relationship with Biringer Builders, whose in-house sales team of Jaimee Fulton and Sarah Holton hang their licenses with the brokerage.

“They’ve been there in Hallsley and Tarrington and other newer developments they’ve been (building in) for a number of years, so it’s a nice complement,” Boyer said.

Starting out with eight agents, Providence Hill has ballooned to over 40 in two years, many of them joining in the past six to 12 months.

Boyer said Providence Hill is tracking at $150 million in closed and pending sales volume so far this year, with over 350 homes bought or sold. He said it closed out 2022 with 302 closings and $129 million in sales volume.

Providence Hill joins other home-centric firms that have set up shop along that stretch of Midlothian Turnpike. Earlier this year, homebuilder Mitchell Homes opened a new design studio at its headquarters in Sommerville Office Park, where it relocated after nearly 30 years in Powhatan.

P2 13356 Midlothian Turnpike PREF 1

The office building at 13356 Midlothian Turnpike, which the owners of Providence Hill Real Estate bought last month and plan to locate a second office. (Images courtesy Providence Hill)

Two years after breaking out on its own, a homegrown residential real estate brokerage will soon have a second office and a foothold on both sides of the river.

Providence Hill Real Estate is preparing to open a new office at 13356 Midlothian Turnpike, across from Midlothian Middle School, after the brokerage’s owners bought the two-story office building there in late September for $1.1 million.

Co-owner Dawson Boyer bought the building with Elliott Gravitt and brother Caleb Boyer, who founded Providence Hill in 2021 with the top-selling agent team they’d led at SRMF Real Estate. The three owners will be the building’s landlords through an LLC they used to make the purchase, which closed Sept. 26.

PHRE1

Dawson Boyer, Elliott Gravitt and Caleb Boyer, from left, outside the building they bought for the brokerage’s Southside office.

The seller was Powhite Land Company LLC, an entity tied to Dennis Burgess, whose CPA firm had been based there. Eric Hammond and Tucker Dowdy with Commonwealth Commercial Partners represented Burgess in the deal, while Frank Hargrove with Colliers represented the buyers.

Chesterfield County assessed the half-acre property at nearly $660,000.

Boyer said they had been planning a second office across the river since launching Providence Hill in a space it rents at Tuckahoe Shopping Center in western Henrico. He said 40 percent of the brokerage’s business has been south of the river, where several of its 40-plus agents also are based.

“That’s just where we always saw the growth going, and in the last two years, the activity has just validated those original thoughts,” Boyer said. “Obviously we hope to have a stronger presence, but we have a pretty big presence down there right now.”

Boyer said they liked the location for its proximity to Huguenot Road and Route 288. He said owning their second office instead of renting also comes with its own advantages.

The brokerage will fill 3,300 of the building’s 7,400 square feet of space, which also houses existing tenants Peake Law Group, Commonwealth Behavioral Health and Community Driving School of Midlothian.

Providence Hill’s space will be on the ground floor, leaving 1,800 square feet available on the second floor for one or two additional tenants.

The landlords have tapped Dallan Construction to renovate the building and Providence Hill’s space, which they’re aiming to open next spring. Cortez Architecture + Design is designing the interior and exterior renovations. Boyer said the project’s cost has yet to be determined.

PHRE North East Perspective

A rendering of the building post-renovation.

One of the brokerage’s three staffers will be based at the office, while the Boyers and Gravitt will rotate between the two locations. Boyer said agents will be free to work out of either space.

“We don’t dictate where people have to go, but I think naturally the people who live close to that office will go there,” he said.

The location adds to Providence Hill’s presence in Chesterfield, where it has a relationship with Biringer Builders, whose in-house sales team of Jaimee Fulton and Sarah Holton hang their licenses with the brokerage.

“They’ve been there in Hallsley and Tarrington and other newer developments they’ve been (building in) for a number of years, so it’s a nice complement,” Boyer said.

Starting out with eight agents, Providence Hill has ballooned to over 40 in two years, many of them joining in the past six to 12 months.

Boyer said Providence Hill is tracking at $150 million in closed and pending sales volume so far this year, with over 350 homes bought or sold. He said it closed out 2022 with 302 closings and $129 million in sales volume.

Providence Hill joins other home-centric firms that have set up shop along that stretch of Midlothian Turnpike. Earlier this year, homebuilder Mitchell Homes opened a new design studio at its headquarters in Sommerville Office Park, where it relocated after nearly 30 years in Powhatan.

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Mike Allen
Mike Allen
7 months ago

Congrats Caleb, Dawson, and Elliott!