BUY BUY BABY LEASES 28,000 SQUARE FEET IN SPRINGFIELD PLAZA

Posted on May 26, 2004  /  in News Releases  /  No Comments

Springfield, Virginia: Alan Luger and Earl Goodman, Principals of the Rockville office of Divaris Real Estate, Inc. announced the signing of a lease with Buy Buy Baby for 28,000  square feet of retail space in Springfield Plaza located at 6398 Springfield Plaza in Springfield, Virginia. Other tenants in the shopping center include Giant Food, Trader Joes, CVS, Kinkos and David’s Bridal.

Buy Buy Baby operates seven retail stores in New York, New Jersey and Maryland.  The company’s stores are approximately 25,000 – 35,000 square feet, and offer over 20,000 products to choose from.  After almost ten years in Maryland, company executives decided it was time to fill the demand to accommodate the ever-growing list of Virginia customers who travel to Maryland to shop at Buy Buy Baby.  Additionally, they are looking to fill some of the void left by the recent demise of retailers Zany Brainy, KB Toys, Imaginarium and Kids R Us.

Earl Goodman and Garrett Bauman of DRE’s Rockville office represented the tenant in the negotiations.

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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