Virginia Beach, Virginia: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of a lease with Destination Maternity Corporation for 5,033 square feet of retail space located at The Town Center of Virginia Beach. The lease was handled on behalf of the landlord, Armada Hoffler Properties, Inc., by Erica Meekins, vice president in the Virginia Beach office of Divaris Real Estate. The Town Center of Virginia Beach is leased by Divaris Real Estate, Inc., and managed by Divaris Property Management Corp.
Motherhood Maternity will close all of its locations in Southside Hampton Roads to open this new flagship Destination Maternity at Town Center in September 2013. The store will carry all of the national retailer’s concepts including Motherhood Maternity and its upscale line, A Pea in the Pod. Founded in 1982 as a catalog business, Destination Maternity Corporation has grown to become the world’s largest maternity apparel designer and retailer. Based in Philadelphia, PA, Destination Maternity Corporation operates 1,875 retail locations.
The highly successful, mixed-use Town Center is the core of the City’s Central Business District. The project is being developed by the principals of Armada Hoffler Properties, Inc. and Divaris Real Estate, Inc. Spanning over 17 city blocks, The Town Center provides a mix of multilevel upscale retail, Class A office, deluxe residential, The Sandler Center for the Performing Arts and an array of cafes, restaurants and deluxe business hotels. Other noted retailers in The Town Center include Brooks Brothers, LOFT, Origins, Cache’, Johnston & Murphy, Sunglass Hut and Dick’s Sporting Goods.
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and Washington, DC. 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 30 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, 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, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.