Richmond, Virginia: Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the renewal of a lease in the Divaris-managed and –leased Midlothian Crossing Shopping Center in Richmond, Virginia.
Big Lots renewed its lease for 26,537 square feet of retail space in the shopping center located at 8533 Midlothian Turnpike. Big Lots is North America’s largest broadline closeout retailer, which sells brand-name products including furniture, seasonal items, housewares, toys, electronics and home décor. Sara Goodall, leasing associate of the Richmond office of DRE, handled the lease on behalf of the landlord, Midlothian Associates, LP. Other tenants in the property include Goodwill, Family Dollar and Red Wing Shoes.
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and metropolitan 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.