Divaris Appointed to Lease Office Space at Peninsula Town Center

Posted on October 29, 2014  /  in News Releases  /  No Comments

HAMPTON, VIRGINIA:  Michael B. Divaris, president of Divaris Real Estate Inc. (DRE), announced that DRE has been have been awarded the listing to represent the Tabani Group, the new owners of Peninsula Town Center (PTC) in leasing the 34,023 sf of available office space in the Claiborne Building, 4410 East Claiborne Square, Hampton, VA.  Existing tenants in the office building include Bryant & Stratton University, Regus Executive Office Suites and Faneuil. Karen R. Beale, SIOR, principal with DRE on the Virginia Peninsula, will act as office broker for PTC.

PTCoffice 6_1Dallas-based Tabani Group, a national real estate investment company with a  $1 billion portfolio covering 9 million square feet of commercial and residential real estate including shopping malls and mixed-used shopping centers, purchased Peninsula Town Center earlier in October.   The sale included the Claiborne Office Building and the Peninsula Town Center retail shops, except for Target and J.C.Penney Co., which own their buildings.

Peninsula Town Center has attracted several large office tenants including Bryant & Stratton College, The Department of Veterans Affairs Medical Center and Regis Executive Suites. Other office tenants include Coliseum Central Business Improvement District, and the Army Corps of Engineers, which operates a recruiting office for the United States Air Force.

Peninsula Town Center is located on I-64 at the Mercury Boulevard interchange, in the rapidly growing Coliseum Central area of Hampton, VA. It is the largest economic development project in the history of the city of Hampton. The mixed-use project contains over 1,100,000 square feet comprised of retail shops, restaurants, entertainment venues, offices and luxury residential apartments.  Peninsula Town Center has over 70 specialty shops and restaurants including Aeropostale; Barnes & Noble; Chico’s; Clarks; Forever 21; H&M; J.Jill; francesca’s; Hollister; Macy’s; Nine West; New York & Company; Sephora; Talbots and many others. For additional information including a directory map, store listings and upcoming events, visit www.peninsulatowncenter.com.

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; 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 approximately 23 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.

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