Cost Plus World Market Leases 17,515 Square Feet in Jefferson Plaza

Posted on June 28, 2002  /  in News Releases  /  No Comments

Newport News, Virginia:  Gerald S. Divaris, Chairman and CEO of Divaris Real Estate, Inc.,  announced the signing of a lease with Cost Plus World Market for 17,515 square feet of retail space in the Divaris leased Jefferson Plaza, located at the corner of Jefferson Avenue and Oyster Point Road in Newport News, Virginia.  Cost Plus World Market joins Costco, CompUSA and Starbucks in Jefferson Plaza.

Headquartered in Oakland, California, Cost Plus World Market began business more than four decades ago.  With this lease, the Company opens its first Hampton Roads location.  Cost Plus World Market’s product categories have expanded to include:  furniture, pillows, lamps, floor and window coverings, frames, baskets, garden, collectibles, tabletop and kitchen accessories, along with gourmet foods and wines. From a diningroom table and chairs to the perfect Chardonnay, Cost Plus World Market is a complete, value retailing resource which provides simple yet unique solutions for every entertaining and decorating need.

Gerald S. Divaris and Mary McGovern, of DRE’s Virginia Beach office, represented the Tenant in the negotiations.  Divaris Real Estate exclusively represents Cost Plus World Market in Virginia.  Cost Plus’ East Coast distribution facility is located in Isle of Wight County.

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 21 million square feet of prime office, retail, and industrial space throughout the Mid-Atlantic and Southeastern states. 

Divaris Real Estate, Inc. is a member of Realty Resources, a national group of independent retail property brokers and managers covering 75 major markets throughout the United States.  DRE is also the Virginia affiliate for The CORE Network, a national group of full-service commercial 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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