City Expands Office in Virginia Beach’s Independence Business Center

Posted on December 16, 2008  /  in News Releases  /  No Comments

Virginia Beach, Virginia:  Michael Divaris, president of Divaris Real Estate, Inc. (DRE), announced the renewal of the office lease with the City of Virginia Beach in the Divaris-leased and-managed Independence Business Center, a six-building office/ warehouse complex located at 416 Investors Place, in Virginia Beach, Va.

The City of Virginia Beach renewed its lease for 3,315 square feet of office space and expanded into 3,742 additional square feet. The Independence Business Center office for the City houses and supports Human Services programs, more specifically Skillquest, PALS and PALS II programs.  Skillquest provides day support services to adults with mental retardation who have multi-handicapping conditions. PALS provides services to children and young adults with mental retardation who need pre-school and after-school care and supervision during the school year and day-camp activities during the summer months. PALS II provides a transition service for special education graduates while they are waiting for an employment or day support program to become available.

The landlord, SIBASA Investments, was represented in the lease negotiations by Robin Gasser, office leasing associate in DRE’s Virginia Beach, Va. office.

Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, 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.

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