VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the signing of two leases totaling more than 11,000 square feet for office space in the Town Center of Virginia Beach.
Rutherfoord renewed its lease for 8,452 square feet at the Divaris-leased and –managed Armada Hoffler Tower, located at 222 Central Park Ave. The lease negotiations were handled on behalf of the landlord, Armada Hoffler, by Michael Divaris, Vivian Turok and Krista Costa of Divaris Real Estate’s Virginia Beach office. Rutherfoord delivers employee benefits and risk management solutions by providing world-class resources with a local touch.
Monarch Bank signed a lease for 3,280 square feet at the Divaris-leased and –managed Five Columbus Center, located at 4525 Columbus St. The lease negotiations were handled on behalf of the landlord, The Mortimer and Mimi Levitt Foundation, Inc., by Michael Divaris and Jason Oliver of DRE’s Virginia Beach office. Monarch Bank was founded in 1998 and is headquartered in Chesapeake, Va. It offers a variety of traditional banking services within business/ commercial banking, retail banking, real estate construction and financial services.
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.