Branch Properties Select Divaris Real Estate to Lease Grocery-Anchored Center in Williamsburg

Posted on September 12, 2019  /  in Blog  /  No Comments

VIRGINIA BEACH, VA: Divaris Real Estate, Inc. (DRE), announced that Branch Properties has selected Divaris to lease Lightfoot Marketplace, a newly developed, Harris Teeter-anchored shopping center in Williamsburg.   This makes the total of all properties leased by Divaris Real Estate and managed by Divaris Property Management Corp approximately 31 million square feet in the Mid-Atlantic and Southeastern United States.

Harris Teeter anchors Lightfoot Marketplace in Williamsburg, Va

Harris Teeter anchors Lightfoot Marketplace in Williamsburg, Va

Lightfoot Marketplace is located at 6485 Centerville Road in Williamsburg, Va.  The 124,588-square-foot property includes tenants PetValu, Advance Auto Parts, CHKD Pediatric Medical Center, Heartland Dental, Valvoline, Panera, Great Clips and a Virginia ABC store.  Branch Properties recently acquired the shopping center.  Leasing of Lightfoot Marketplace is handled by George Fox.   Fox specializes in leasing grocery-anchored shopping centers for public and private shopping center investment companies.

Lightfoot Marketplace is the only “Class A” grocery-anchored shopping center between Richmond and Williamsburg, serving an oversized trade area of 73,780 people.  The Harris Teeter in Lightfoot is a top performing store in the region with year-over-year upward trending annual sales.  The shopping center features a diverse national credit tenant mix of restaurants, retailers and health providers.  Spaces available for rent range from 1,160 to 9,716 square feet and include an endcap.

SHOPPING CENTER NAME ADDRESS SQUARE FEET TYPE OF CENTER NEW OWNER ANCHOR TENANTS
Lightfoot Marketplace 6485 Centerville Road, Williamsburg, Va 23188 124,588 Grocery-Anchored Neighborhood Center Branch Properties Harris Teeter, PetValu, Advance Auto Parts, CHKD, Panera, Great Clips, Virginia ABC store

 

About Divaris Real Estate

Divaris Real Estate, Inc. (http://www.divaris.com) is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Washington, DC and Beverly Hills, CA.  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 over 31 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) 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, (http://www.corenetworkcre.org/) 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, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.

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