Toronto, Ontario: Michael B. Divaris, President of Divaris Real Estate, Inc. announced the signing of a lease with Dermalogica International Skin Care Institute, a division of The Dermal Group for 8,691 square feet of office space located at 720 King Street West in Toronto, Ontario, Canada. This lease represents a relocation of the company’s Canadian headquarters to Toronto, from Vancouver, British Columbia. Dermalogica also plans to lease a distribution facility in the Toronto area during the second quarter of 2004.
Dermalogica, Inc. is part of a multi-national group of professional skin care companies headquartered in Los Angeles, California. The group manufactures and distributes the DERMALOGICA line of skin care products through a worldwide network of authorized businesses licensed to provide professional skin care services and retail home-use products. These businesses, which are located in more than 35 countries on 5 continents, include hair and skin care salons, dermatologist offices, full-service beauty supply stores, and undergraduate cosmetology and esthetics schools. The group also operates a worldwide network of postgraduate esthetic training facilities known as The International Dermal Institute (IDI).
The tenant was represented by Michael Divaris, Vivian Turok, and Krista Chappell of DRE’s Virginia Beach office. Divaris Real Estate exclusively represents The Dermal Group for its real estate requirements on a national basis. DRE has concluded negotiations for regional offices in Boston, Massachusetts, Pleasanton, California and Chicago, Illinois, in addition to the Company’s Southern California offices. DRE’s President, Michael Divaris, represented The Dermal Group in all of the transactions.
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, Inc. 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.