The Commonwealth Group, Ltd. and its associated entities have been actively engaged in Development, Leasing and Management services in New Castle County and the surrounding region since 1973. The founder and CEO, Brock J. Vinton, first started the company as Commonwealth Management Corporation in order to carry out the management duties of various real estate portfolios. Today, The Commonwealth Group has grown into a fully integrated real estate company. To date, The Commonwealth Group is responsible for the development, construction and management of over 500 million dollars worth of commercial, industrial and residential real estate.
With a total of 18 employees, The Commonwealth Group brings a knowledgeable, competent staff that is able to assess any concern or issue pertaining to the development leasing and management of commercial, industrial or residential real estate. Our management team brings a combined total of approximately 100 years of business experience to solve the issues of our clients. In addition, our four in-house maintenance superintendents are all Level-III Certified HVAC mechanics and bring an average of over forty (40) years of experience in all aspects of building maintenance. Every superintendent travels with a fully stocked vehicle and is on call twenty-four (24) hours a day. While each superintendent is responsible for his own portfolio, each is oriented on the tenants and building systems of the other properties that we manage allowing us to respond to any issue, emergency or tenant critical need in a quick, efficient and professional manner at all times, under any circumstances.
Throughout The Commonwealth Groupís thirty-four year history, we have partnered with or provided services for hundreds of companies including American Express, DuPont, Computer Science Corporation, Applied Extrusion Technologies, Dade Behring, Wesley College, Christiana Care, Discover Card, AIG and the DRBA. Under the joint venture of Commonwealth-Emory Hill, we are responsible for the development, leasing and management of The New Castle Corporate Commons and Omega Professional Center. As industrial developers, we were the lead entity responsible for the Riveredge Industrial Park along with numerous other individual projects. Currently, our property management staff is responsible for the leasing and management of 1.2 million square feet of office, warehouse and multifamily properties.
While our past includes a number of third-party development and management experiences, it is our core business approach as an owner/manager that makes us a competitive company. Our property management team works closely with our owners and has established an environment where the bottom line is closely monitored and each building is meticulously cared for. We are constantly re-evaluating business practices, contracts and utility expenses looking for ways to improve the propertyís bottom line. Education in management practices is ongoing and constant through affiliations such as the Institute of Real Estate Management, IFMA, CIRC, and the Zell Institute of Real Estate of the University of Pennsylvania, as well as the Board of Realtors and the Chamber of Commerce.