Divaris Leases More than 32,082 Square Feet on the Virginia Peninsula

Posted on October 04, 2013  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Gerald S. Divaris, chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the signing of six leases totaling 32,082 square feet of retail and office space. Karen Beale, SIOR, Principal of the Newport News office of Divaris Real Estate handled the transactions.

Three leases were signed at the Union Bank Building, located at 603 Pilot House Drive, in Newport News, Virginia. Chesapeake Bay Management, Inc., leased 6,043 square feet of office space; Browning Insurance and Financial Services leased 1,968 square feet of office space; and Gem Title, LLC signed a lease for 1,433 square feet of office space. Beale represented the landlord, NN Plaza, LP, in all three of the transactions.

Two leases were signed at the Technology Center, located at 813 Diligence Drive, in Newport News, Virginia.  Newport News Public Schools, occupied by Point Option, leased 12,738 square feet of educational space; and Capital Lighting & Supply, Inc., leased 7,500 square feet of office space. Beale represented the landlord, E&M Partners, LLC, in both transactions.

LWell, LLC, leased 2,400 square feet of retail space at 301 Village Avenue in York County, Virginia.  Beale represented the tenant in this transaction.

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 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.

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