Divaris Completes Four Transactions Totaling More Than 21,000 SF in Southeastern Virginia

Posted on September 17, 2014  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the completion of four retail transactions, totaling 21,688 square feet.

Dollar Tree renewed its lease for 9,663 square feet at Williamsburg Marketcenter, located at 6610 Mooretown Road, in Williamsburg. The lease negotiations were handled on behalf of the landlord, American General Life Insurance, by Eric Bucklew of Divaris’ Virginia Beach office. Dollar Tree is the largest and most successful single-price-point retailer in North American, operating thousands of stores in 48 states.

Castaways Inc. leased 5,025 square feet of retail space at the Divaris-leased and -managed Lynnhaven Green Shopping Center, located at 1505 Lynnhaven Parkway, in Virginia Beach. The lease negotiations were handled on behalf of the landlord, Lynnhaven Shopping Center Associates, LLC, by David Bickford of DRE’s Virginia Beach office. Castaways in a family-fun restaurant with karaoke and nightly entertainment, that has been a staple in the Greenrun area of Virginia Beach for years.

Anytime Fitness, signed a lease for 4,500 square feet at Kemps Corner Shoppes, located at 5300 Kempsriver Drive, in Virginia Beach. The lease negotiations were handled on behalf of the landlord, RT Virginia Holdings, LLC, by Eric Bucklew of DRE’s Virginia Beach office. Anytime Fitness was founded in 2002 and is the world’s largest, and fastest growing, 24-hour, co-ed fitness franchise.

nTelos renewed its lease for 2,500 square feet of retail space at the Divaris-leased and –managed 12103 Jefferson Avenue, in Newport News. The lease negotiations were handled on behalf of the landlord, Kenneth and Dorothy Paige Trust, by Karen Beale of DRE’s Newport News office. nTelos is a wireless phone company and PCS provider, which covers 5.3 million people, making it the 9th largest provider of mobile broadband in the U.S.

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 in excess of 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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