Divaris Completes Two Leases Totaling More Than 45,000 Square Feet in Newport News

Posted on April 07, 2014  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, President of Divaris Real Estate, Inc. (DRE), announced the completion of two leases, totaling 45,953 square feet of office space in Newport News, Virginia.

Union Mortgage Group signed a lease for 4,587 square feet at 603 Pilot House Drive. The lease negotiations were handled on behalf of the landlord, NN Plaza, L.P., by Karen Beale of the Newport News office of Divaris Real Estate. Union Mortgage Group first opened in 1986 and has been at the forefront of bringing new loan products to the marketplace.

General Services Administration renewed its lease for 41,348 square feet in the Divaris-managed and –leased SunTrust Building, located at 11817 Canon Boulevard in Newport News, Virginia. The lease negotiations were handled on behalf of the landlord, Oyster Point Investors, LP, by Chris Bendit of the Newport News office of Divaris.

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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