Suffolk, Virginia: Gerald S. Divaris, chairman/CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease for 28,000 square feet of retail space to Bed Bath & Beyond for a new store located in the Harbour View East Shopping Center in Suffolk,Virginia. Bed Bath & Beyond will join Kohl’s and Wal-Mart at Harbour View East. The opening of this Bed Bath & Beyond marks the 6th store in the Hampton Roads area.
Bed Bath & Beyond was founded in 1971 and is a nationwide chain of superstores selling better quality merchandise and home furnishings. Bed Bath & Beyond currently has over 800 stores that range in size from 20,000 to 80,000 square feet.
Gerald S. Divaris and Mary McGovern, Senior Vice President of Divaris Real Estate,represented the tenant in the lease negotiations. John M. Knibb, Senior Vice President and Partner of Divaris Real Estate, represented the landlord, Landonomics Group.
Divaris Real Estate Inc. and Divaris Property Management Corp. comprise one of the largest commercial and industrial property management, leasing and brokerage groups on the U.S. eastern seaboard, servicing client needs in the Mid-Atlantic and Southeastern states. Founded in 1974, the Divaris Group maintains offices in Virginia Beach, Chesapeake, Newport News, and Richmond, Va.; Charlotte and Winston-Salem, N.C.; Atlanta, Ga.; and Rockville, Md. It currently manages and/or leases in excess of 25 million square feet of prime office, retail and industrial space.
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 U.S. 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.