VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, President of Divaris Real Estate, Inc. (DRE), announced the sale of two properties in the greater Richmond, Virginia area.
Riverstone Properties, LLC purchased 1.17 acres at 7389 Pole Green Road, in Mechanicsville, Virginia. The sale negotiations were handled on behalf of the owner, Sandra Regensburg, by Read Goode of DRE’s Richmond office, and on behalf of the buyer, by Cheryle Toy, also of DRE’s Richmond office. The sale was part of an assemblage of properties which will be used for residential development.
Boatman Properties, LLC purchased a 2,000 square-foot office building, on 1.1 acres of land, at 130 East Belt Blvd, in Richmond. The sale negotiations were handled on behalf of both the owner, Alma Randolph, and the buyer, by John Madures of DRE’s Richmond office. The building was a former Southern Bank of Richmond and was purchased for $225,000. The investor plans to lease to a retail franchise.
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.