Divaris Real Estate Announces $12.6 Million and 230,551 Square Feet in Completed Transactions for July 2018

Posted on August 09, 2018  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of 29 transactions totaling $12,633,486 and 230,551 square feet of sold, leased and renewed commercial property in the Hampton Roads, Richmond, Roanoke, Charlotte, and Washington, DC markets in July 2018.

Sales Transaction
Branch Banking and Trust Company (BB&T) purchased 1.5 acres of land at 948 Laskin Road in Virginia Beach from WHLR – Laskin Road, LLC for $2,832,500. Krista Costa and Katherine Olson brokered the sale for the buyer.

Lease Transactions

  • Town Square, Roanoke, VA

    Town Square, Roanoke, VA

    Spirit Halloween Superstores leased 40,002 square feet of space in the former Michael’s store at Town Square shopping center at 1357 Town Square Boulevard in Roanoke, Va. Sam McCoy represented the landlord.

  • Big Lots Stores leased 36,912 square feet of retail space in Oxbridge Square Shopping Center at 10001 Hull Street Road in Richmond. Sara Goodall, Cheryle Toy and Read Goode represented the landlord.
  • Spirit Halloween Superstore leased 24,280 square feet of retail space in the former Michael’s store in Arlington Plaza at 600 Southeast Greenville Boulevard in Greenville, NC. Charles Neil represented the landlord.
  • Swaghat Groceries leased 13,952 square feet of retail space in the former Chuck E. Cheese building on an outparcel of The Gallery at Military Circle at 920 North Military Highway in Norfolk, Va. Missy Martinovich represented the tenant.
  • i+iconSOUTHEAST, Inc. leased 5,530 square feet of office space at 5700 Thurston Avenue in Virginia Beach. Krista Costa and Katherine Olson represented the landlord.
  • Siena’s Vegetarian Pizza leased 3,200 square feet of retail space in Randolph Hills Shopping Center at 4840 Boiling Brook Parkway in Rockville, Maryland. Susan McGee represented the landlord.
  • MOD Super Fast Pizza leased 2,800 square feet of retail space in Hampton Roads Crossing Shops at 1013 University Boulevard in Suffolk. Levi Thomson represented the landlord.
  • Tiger Rock Martial Arts leased 2,690 square feet of retail space in Stone House Square at 12806 Shank Farm Way in Hagerstown, Md. Susan McGee and Derek Heckman from RE/MAX represented the landlord.
  • Brimtek leased 2,544 square feet of office space in Reston Town Center at 11911 Freedom Drive in Reston, Va. Rob Gray represented the tenant.
  • Alsamir Family Dentistry leased 2,500 square feet of office space in Cloverhill Medical Center at 13841 Hull Street Road in Richmond. Eric Hammond, Peter Vick and Harrison Hall represented the landlord.
  • Thriveworks Ashland leased 2,267 square feet and Offit|Kurman leased 393 square feet of office space at 201 North Washington Highway in Ashland, Va. Eric Hammond and Dean Foster represented landlord.
  • Shannon & Bedois, P.C. subleased 1,498 square feet of office space in Harbour Breeze Professional Center Building 5 at 1540 Breezeport Way in Suffolk, Va. Krista Costa and Katherine Olson represented the sublessor.
  • Members Credit Union leased 1,415 square feet of retail space in the Bi-Lo Shopping Center at 3333 North Main Street in Hope Mills, NC. Diana Teitsma represented the landlord.
  • Northern Virginia Orthodontics Center leased 1,290 square feet of retail space in One Loudon Plaza at 20626 Easthampton Plaza in Ashburn, Va. Chris Saa represented the tenant.
  • Coalson Enterprises Corporation leased 1,150 square feet of office space at 9800 Jeb Stuart Parkway in Glen Allen, Va. Eric Hammond and Dean Foster represented the landlord.
  • Brightstar Care of East Richmond leased 1,107 square feet of office space in the Clocktower Building at 7443 Lee Davis Road in Mechanicsville, Va. Eric Hammond and Dean Foster represented the tenant.
  • Boost Mobile leased 1,077 square feet of retail space in Woodbridge Commons at 2680 Optiz Boulevard in Woodbridge, Va. Brandon Howard represented the tenant.
  • WEG2G leased 600 square feet of retail space at 3165 Mt. Pleasant Street in Washington, DC. Rob Gray represented the landlord.

Lease Renewals

  • Capitol Lighting & Supply renewed its lease for 7,500 square feet of office space in the Technology Center at 813 Diligence Drive in Newport News. Karen Beale, SIOR represented the landlord.
  • Snap Fitness renewed its lease for 3,507 square feet of retail space in Renaissance Square at 11159 Davinci Drive in Davidson, NC. Charles Neil represented the landlord.
  • Gary A. Riggs, Jr., DMD renewed a lease for 2,500 square feet of retail space in the Aberdeen Professional Center at 1610 Aberdeen Road in Hampton. Aeri Jai and Mary McGovern represented the landlord.
  • Subway renewed its lease for 1,632 square feet of retail space in Stone House Square at 12812 Shank Farm Way in Hagerstown, Md. Susan McGee and Derek Heckman from RE/MAX represented the landlord.
  • Little Caesars renewed its lease for 1,250 square feet and Mimi’s African Braiding renewed its lease for 800 square feet of retail space in the Todd Center at 2328 West Mercury Boulevard in Hampton, Va. Aeri Jai and Mary McGovern represented the landlord.
  • Three leases were renewed for retail space in Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach. Papa John’s Pizza renewed its lease for 1,440 square feet of retail space. Fairfield Barber Shop renewed its lease for 775 square feet of retail space. George’s Shoe Repair renewed its lease for 600 square feet of retail space. George Fox and Kris Fuller represented the landlord.

About Divaris Real Estate
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; 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 over 36.8 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, (http://www.realtyresources.org/) 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, (http://www.corenetworkcre.org/) 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.

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Tags: , , , , , , , , , , , , , ,

Comments are closed.