DIVARIS LEASES 49,417 SQUARE FEET TO AMERIGROUP CORPORATION

Posted on June 03, 1999  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Gerald S. Divaris, President of Divaris Real Estate, Inc., announced the signing of a lease for 49,417 square feet of office space to AMERIGROUP Corporation, a licensed HMO company.  They will be moving their operational offices into the Divaris leased 3300 South Building,  a 3-story building located at 397 Little Neck Road in Virginia Beach, Virginia. AMERIGROUP’s corporate offices will remain at 4425 Corporation Lane in Virginia Beach, Virginia.

AMERIGROUP plans to move into the first two floors of the building by September 1, 1999,  and will occupy the third floor by June 1, 2000.    The building was formerly occupied by Old Dominion University Higher Education, who will be relocating to a new facility on Princess Anne Road.

Founded in 1994 and headquartered in Virginia Beach, AMERIGROUP is a leader in the managed health care services industry.   They serve over 225,000 Medicaid recipients nationally, of which 130,000 are children.   AMERIGROUP is the largest private company exclusively serving the health care needs of low-income mothers and children in the country.  The company operates in Virginia Beach, Illinois, New Jersey, Maryland and Texas.

Vivian Turok, of DRE’s Virginia Beach office represented the Landlord, S and H Company, and Advantis represented the Tenant in the negotiations.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, Virginia with offices in Norfolk, Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; Jackson, Mississippi; and Tampa, Miami, and St. Augustine, Florida. It is an international real estate brokerage and property management company that currently manages and/or leases in excess of 19,000,000 square feet of prime office, retail, and industrial space throughout the Mid-Atlantic and Southeastern states. 

Divaris Real Estate, Inc. is a member of Realty Resources, a national group of independent retail property brokers and managers covering seventy-five major markets throughout the United States. This organization represents corporate and institutional clients, as well as tenants and buyers in all aspects of leasing, development, and managing properties, as well as in acquisitions and land sales. Gerald S. Divaris is President and Michael B. Divaris is Executive Vice President of Divaris Real Estate, Inc.

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