Divaris Completes Three Leases For Retail Space in Hampton Roads

Posted on June 13, 2013  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of three leases for retail space in Divaris-leased shopping centers in Hampton and Virginia Beach.

Bank of America renewed its lease for 6,000 square feet of retail space in Willow Oaks Village Square Shopping Center, located at 223 Fox Hill Road in Hampton.  Eric Bucklew, vice president in the Virginia Beach office of DRE represented the landlord, Willow Oaks Associates, L.L.C., in the negotiations.   Bank of America is joined by Farm Fresh, Rite Aid, Peebles, SunTrust, McDonald’s, Burger King and Dairy Queen in Willow Oaks.

Bruegger’s Bagels signed a lease for 2,400 square feet of retail space in Southgate Commons, located at 3318 Princess Anne Road in Virginia Beach.  Headquartered in Burlington, Vermont, Bruegger’s Bagels is a fast-casual restaurant that operates over 300 bakeries throughout the U.S.  Also at Southgate Commons, Anthony Vince Nail Spa signed a lease for 2,597 square feet of retail space.  Levi Thomson, vice president in the Virginia Beach office of DRE, represented the landlord, PHD @ Landstown, LLC, in both of the transactions.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, 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 30 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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