Divaris Completes Four Retail Leases in 
Central Virginia

Posted on October 19, 2012  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Gerald S. Divaris, Chairman and CEO of Divaris Real Estate Inc. (DRE), announced that the following lease transactions were completed for more than 33,000 square feet of retail space in central Virginia.

DSW, Inc., national brand-name footwear and accessories retailer, leased 14,845 square feet of space in the Shoppers World Shopping Center, located at Route 29 and Seminole Trail in Charlottesville, Virginia. Debbie Wake and Brett McNamee of the Richmond office of Divaris Real Estate, Inc. handled the negotiations for the tenant with the landlord, Federal Realty Investment Trust.  The lease represents the first location in Charlottesville for DSW (Designer Shoe Warehouse). Other businesses at Shoppers World Shopping Center include Steinmart and Staples.

C&M Bingo Properties, Inc. has signed a lease for 8,100 square feet of retail space in the Divaris-leased Brookhill Azalea Shopping Center located at 5300 Chamberlayne Avenue in Richmond.  Sara Goodall and the principal of DRE’s Richmond office, John Wingfield, handled the lease for the landlord, BSV Premier Brookhill, LLC.  The bingo parlor joins Food Lion, Citi Trends, Rainbow Apparel, Sally Beauty and Subway in Brookhill Azalea Shopping Center.

CareMore Medical Enterprises leased 5,300 square feet in addition to its existing facility, for a total of 15,300 square feet of retail space in the Divaris-leased Parkway Shopping Center, located at 6323 Jahnke Road in Richmond. John Madures handled the lease for the landlord, Lim Family Partnership. Rite Aid is also located in Parkway Shopping Center.

Just Brakes and Oil, Inc. signed a lease for 5,000 square feet of retail space at the Divaris-leased Belt Trade Center located at 133 East Belt Boulevard in Richmond.  Madures represented the landlord, South Belt Flex, LLC, in the lease negotiations.

Divaris Real Estate Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, downtown and suburban Norfolk, Newport News, and Richmond, VA; Charlotte, NC and Rockville, MD.  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 from New Jersey to Florida. 

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 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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