Williamsburg, Virginia: Gerald S. Divaris, chairman/CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Dick’s Sporting Goods Inc. for 45,000 square feet of retail space in The Marquis at Williamsburg, Va., one of the first “power town��? developments to be constructed on the Virginia Peninsula.
Pittsburgh-based Dick’s Sporting Goods is an authentic full-line sporting goods retailer offering a broad assortment of brand name equipment, apparel and footwear in a specialty store environment. As of Oct. 28, 2006, the company operated 294 stores in 34 states primarily throughout the Eastern half of the U.S. This transaction marks Dick’s Sporting Goods’ fourth location in Hampton Roads, Va.
Along with JC Penney, Best Buy and Target, Dick’s Sporting Goods will anchor The Marquis, a one-million-square-foot mixed-use, open-air entertainment and retail center. Developed by Premier Properties USA Inc., the property is located at the intersection of Interstate 64 and Route 199, adjacent to Water Country USA.
The first phase of The Marquis is scheduled to open in the Fall of 2007. DRE is the exclusive leasing agent for the property.
Gerald Divaris and Mary McGovern, of DRE’s Virginia Beach office, and Dick’s Sporting Goods national broker Aaron Savin, of Echo Real Estate in Pittsburgh, represented the tenant in the lease negotiations. Divaris and McGovern are assisting Dick’s Sporting Goods with its expansion plans throughout Hampton Roads, Va.
Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, Newport News, and Richmond, Va.; Charlotte and Winston-Salem, N.C.; Atlanta, Ga.; and Rockville, Md. It is 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.