BEST BUY STORES, L.P. LEASES 30,000 SQUARE FEET IN COLONIAL HEIGHTS, VIRGINIA

Posted on May 07, 2004  /  in News Releases  /  No Comments

Colonial Heights, Virginia: Brett Womack, Principal of the Richmond office of Divaris Real Estate, Inc. announced the signing of a lease with Best Buy Stores, L.P for 30,000 square feet of retail space in Dimmock Square shopping center located on Temple Avenue in Colonial Heights, Virginia.  Other tenants in the center include Target and Shoe Carnival.

Best Buy is the largest volume specialty retailer of consumer electronics, personal computers, entertainment software and appliances.  Best Buy offers an extensive selection of affordable technology and entertainment products in a no-pressure shopping environment.  Headquartered in Minnesota, the company operates over 750 stores throughout the U.S. and Canada.

Debbie Wake of DRE’s Richmond office represented the tenant in the negotiations.  The landlord of the property is Dimmock Square Company, LLC.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, Virginia with offices in Norfolk, Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; Rockville, Maryland; and Boca Raton and Tampa, Florida. It is an international real estate brokerage and property management company that currently manages and/or leases in excess of 20 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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