Divaris Adds Two New Assignments with 249,000 SF to Portfolio

Posted on February 10, 2017  /  in News Releases  /  No Comments

ROANOKE, VA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the addition of two properties to its sales and leasing portfolio. The total space includes 249,000 square feet of retail space located in Roanoke and Salem, Virginia. Both properties will be handled by the Divaris team of Sam McCoy, Brett McNamee and Ali Newton.

The new properties in the company’s portfolio consist of:

Crossroads Shopping Center, a 150,000-square-foot shopping center located on Hershberger Road Northwest in Roanoke, in a major shopping corridor adjacent to Towne Square and near Valley View Mall. The corporate headquarters of Advance Auto Parts are located on the site. Other tenants in the property include ALDI, TOP Nails, Subway and National Optical. There is 3,625 square feet of small shop space, flexible junior anchor and anchor space available for lease.

Kmart Salem Shopping Center is a 99,000-square-foot shopping center that is available for sale. It is located at 1355 West Main Street in Salem, Virginia on a major shopping corridor of the Salem market in the Roanoke Metropolitan Area. Tenants in the property include Kmart, UPS, Nail Tips, and Sally Beauty. Nearby retailers include: Lowe’s, Kroger and Walmart. This is a redevelopment opportunity with the impending closure of the 88,000-square-foot Kmart (anticipated in April 2017). There is also 2,500 square feet of small shop space that is vacant.

About Divaris Real Estate
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; 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 29 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, (http://www.realtyresources.org/) 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, (http://www.corenetworkcre.org/) 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.

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Tags: , , ,

Comments are closed.