Best Buy Leases 32,958 SF in Harrisonburg Crossing

Posted on March 26, 2010  /  in News Releases  /  No Comments

Harrisonburg, Virginia: Gerald S. Divaris, chairman and CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Best Buy for 32,958 square feet of retail space in Harrisonburg Crossing.  Other tenants in the shopping center include Home Depot, Ross Dress for Less, Walmart, Barnes & Noble, Michael’s, Staples and Bed Bath & Beyond.

Best Buy is one of the nation’s leading retailers of technology and entertainment products and services.  Founded in St. Paul, Minn. in 1966, Best Buy operates stores in the United States, Canada, Europe, China and Mexico. Best Buy is a multinational retailer of technology and entertainment products and services that employs approximately 155,000. The Best Buy family of brands and partnerships collectively generates more than $45 billion in annual revenue through retail locations, multiple call centers and Web sites, in-home solutions and product delivery.

Gerald Divaris and Debbie Wake, senior vice president in the retail leasing department of DRE’s Richmond office, represented Best Buy in the lease negotiations with the landlord, THF Harrisonburg Crossing, LLC.  Wake assists Best Buy with its expansion plans throughout central and western Virginia.  Divaris heads a team that has negotiated leases for new Best Buy sites in Virginia Beach, Chesapeake, Charlottesville, Williamsburg, Colonial Heights, and Mechanicsville, Virginia.

Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, downtown and suburban Norfolk, Newport News, and Richmond, Va.; Charlotte, N.C.; and Rockville, Md.  Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, 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 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.

March 26, 2010

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