Divaris Appointed to Lease and Manage Three Commercial Place in Downtown Norfolk

Posted on August 04, 2009  /  in News Releases  /  No Comments

Norfolk, Virginia:  Michael B. Divaris, President of Divaris Real Estate Inc. (DRE), announced the appointment of Divaris to lease and manage Three Commercial Place, a 293,000-square-foot, 22-story, premier office tower in downtown Norfolk, Virginia.  The building’s blue glass facade is an icon of the Norfolk city skyline, reflecting stunning sunsets and being reflected into the waters of the Elizabeth River.
Major tenants in the property include: Norfolk Southern Corp., Bank of America and Cita Logistics.  Norfolk Southern owns and has naming rights on Three Commercial Place, is also known as The Norfolk Southern Tower and the Arnold B. McKinnon Building.

Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s premier transportation companies. Its Norfolk Southern Railway subsidiary operates approximately 21,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides superior connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal and industrial products.

“We’re very proud to have been given this opportunity and excited at the challenge of maintaining and increasing the profitability of this stunning part of the local commercial landscape.” according to Divaris.  “We bring a dedicated and thorough, professional perspective to the leasing and management of this building.”

The DRE leasing team includes Michael Divaris, Robin Gasser and Elizabeth Newbill, office leasing agents. The property manager of Three Commercial Place is Tazewell Rinehart, senior property manager of Divaris Property Management Corp., and Melody Almonte is assistant property manager.

Divaris Real Estate Inc. and Divaris Property Management Corp. comprise one of the largest commercial and industrial property management, leasing and brokerage groups on the U.S. eastern seaboard, servicing client needs in the Mid-Atlantic and Southeastern states.  Founded in 1974, the Divaris Group maintains offices in Virginia Beach, Chesapeake, Norfolk, Newport News, and Richmond, Va.; Charlotte, NC; and Rockville, Md.  It 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 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.


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