VIRGINIA BEACH, VIRGINIA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced that Sam’s Club has leased 136,454 square feet of retail space in The Marquis at Williamsburg, located at 500 Marquis Parkway, in Williamsburg, Virginia. The lease negotiations were handled on behalf of the landlord, Marquis Williamsburg Real Estate Holdings, LLC, by Zach Means and Larry Agnew of DRE’s Richmond office, and Mary McGovern of DRE’s Virginia Beach office. Other tenants at The Marquis include Target, Dick’s Sporting Goods, Best Buy, Kohl’s and J.C. Penney.
The Marquis at Williamsburg is a 100-acre retail/entertainment development located on the Virginia Peninsula at the intersection of I-64 and Marquis Parkway, a prime site bordered by the James River, the York River and the Chesapeake Bay, in Williamsburg, Virginia. The shopping center was recently approved for the 250,000 square feet addition, which will encompass the new Sam’s Club.
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.