Divaris Completes Three Retail Transactions In Hampton Roads

Posted on November 14, 2014  /  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 totaling 15,930 square feet.

Venuto Italian leased 2,980 square feet at Mill Dam Crossing Shopping Center, located at 1427 North Great Neck Road, in Virginia Beach.  The lease negotiations were handled on behalf of the landlord, RT Virginia Holdings, LLC, by Eric Bucklew, in Divaris Real Estate’s Virginia Beach office.  Venuto is a new Italian restaurant concept from the owners of the Virginia Beach-based Havanna.

Dollar General renewed its lease for 8,450 square feet at the Divaris-leased and –managed Lynnhaven Green Shopping Center, located at 1505 Lynnhaven Parkway, in Virginia Beach.  David Bickford of DRE’s Virginia Beach office, represented the landlord, Lynnhaven Shopping Center Associates, LLC, in the lease negotiations. The Tennessee-based company is the nation’s largest small box discount retailer, offering popular brands at low prices in small, convenient locations.

Kelly’s Tavern renewed its lease for 4,500 square feet at Crossways Shopping Center, located at 1412 Greenbrier Parkway, in Chesapeake. The landlord, JLP-Chesapeake, LLC, was represented by David Redmond, of DRE’s Virginia Beach office. Kelly’s has 11 locations in Virginia Beach, Norfolk, Chesapeake, Suffolk, Hampton and Newport News.

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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