Virginia Beach, Virginia: Divaris Real Estate, Inc. has been appointed the exclusive leasing agents for Virginia Beach’s first enclosed regional mall, located in the City’s Central Business District, Pembroke Mall. The 623,479-square-foot mall is anchored by Sears, Kohl’s, Stein Mart and Regal 8 Cinemas. The shopping center opened in 1966, expanded several times in the 1980’s and was renovated most recently in 2003.
Jay Burnell, Levi Thomson and Ricky Frantz have been appointed to handle the leasing of Pembroke Mall. Burnell and Thomson are vice presidents of retail leasing and sales in the Virginia Beach headquarters office of Divaris Real Estate, Inc.
National tenants in Pembroke Mall include: Bath & Body Works, Coastal Edge, Footlocker, GameStop, Hot Topic, Journey’s, PacSun and Zales. The mall is located in the heart of the Central Business District and is adjacent to The Town Center of Virginia Beach, which is comprised of hotels, office space, entertainment and a performing arts center. Other national retailers within the city’s CBD include Best Buy, Barnes & Noble Booksellers, Bed Bath & Beyond, Cheesecake Factory, PF Chang’s, Ruth’s Chris Steakhouse, Brooks Brothers, Dick’s Sporting Goods and Cache, many of which are reportedly top performers within their respective chains.
Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, downtown and suburban Norfolk, Newport News, and Richmond, Va.; Charlotte, N.C.; and Rockville, Md. 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 24 million square feet of prime office, retail and industrial space throughout the Mid-Atlantic and Southeastern states.
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, as well as tenants and buyers in all aspects of leasing, development and managing properties, acquisitions and land sales. Gerald S. Divaris is chairman of the Board, and Michael B. Divaris is president of Divaris Real Estate Inc.