346 Brooks Brothers Debuts in the Town Center of Virginia Beach

Posted on June 01, 2006  /  in News Releases  /  No Comments

Virginia Beach, VA: Gerald S. Divaris, chairman/CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Retail Brand Alliance Inc., doing business as “346? Brooks Brothers, for 8,593 square feet of retail space in the highly successful Town Center of Virginia Beach, located in the heart of Virginia’s largest city.  The new location is the first Brooks Brothers store to open in the Hampton Roads area.

“346? is a new prototype concept for Brooks Brothers.  It is the retailer’s approach to a more casual lifestyle, offering high-quality garments for both men and women.  “346? Brooks Brothers carries an array of traditional and fashion-forward apparel.

Known for its classic styling, Brooks Brothers is one of America’s oldest retailers, specializing in men’s suits and outerwear. In 1818, Henry Sands Brooks founded the nation’s first ready-to-wear fashion emporium, which currently operates about 180 upscale retail stores and outlet locations throughout the country and another 100 abroad.  Brooks Brothers has become an institution that has shaped the American style of dress through fashion innovation, fine quality, personal service and exceptional value.

Brooks Brothers is one of the latest retail tenants to lease space in Town Center’s Block 3 at 249 Central Park Avenue.  Comprised of 94,730 square feet, Block 3 is a three-story, mixed-use building, which includes first-floor retail and second- and third-floor office space.  Current tenants are The Cheesecake Factory, Keagan’s Irish Pub, Rack & Rack Law Firm, Strayer University and Global Support Software.

Gerald Divaris and Mary McGovern, of Divaris Real Estate Inc., represented the landlord, Greenbrier Technology Center II, in the lease negotiations.  The Town Center of Virginia Beach is leased by Divaris Real Estate Inc. and is managed by Divaris Property Management Corp.  The project is being developed by Armada Hoffler Holding Company.

The Town Center of Virginia Beach is located at the core of the City’s Central Business District.  Spanning over 17 city blocks, The Town Center provides a mix of Class A office, multilevel upscale retail, deluxe residential, a performing arts center and an array of cafes, restaurants and deluxe business hotels.  Other tenants in The Town Center include:  Ann Taylor Loft; Bravo! Cucina Italiana; California Pizza Kitchen; Cold Stone Creamery; Dick’s Sporting Goods; Eclectic Design Florist & Gifts; Ficarra Jewelers; Hilton Garden Inn; Irving’s Detailing Salon; Johnny Rockets; Jones Art Gallery; Keagan’s Irish Pub & Restaurant; Morgan Stanley; P.F. Chang’s China Bistro; Red Star Tavern; Ruth’s Chris Steak House; Stanley Adams Stationery; Sumatra Salon & Spa; The Cheesecake Factory; The Funny Bone Comedy Club & Restaurant; The Men’s Warehouse; Town Center City Club; and Town Center Fitness.

Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, Newport News, and Richmond, Va.; Charlotte, N.C.; Atlanta, Ga.; and Rockville, Md.  It is an international real estate brokerage and property management company that currently manages and/or leases in excess of 24 million square feet of prime office, retail and industrial space throughout the Mid-Atlantic and Southeastern states. 

Divaris Real Estate is a member of Realty Resources, a national group of independent retail property brokers and managers covering 91 major markets throughout the United States.  DRE is also the Virginia affiliate for The CORE Network, a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe.  These organizations represent corporate and institutional clients, as well as tenants and buyers in all aspects of leasing, development and managing properties, acquisitions and land sales. Gerald S. Divaris is chairman of the Board, and Michael B. Divaris is president of Divaris Real Estate Inc.

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