Divaris Real Estate Announces $11 Million and 149,575 Square Feet in Completed Transactions in June 2017

Posted on July 11, 2017  /  in News Releases  /  No Comments

VIRGINIA BEACH, VA: Divaris Real Estate, Inc. (DRE), announced the completion of $11,669,597 in transactions totaling 149,575 square feet of property in the Hampton Roads, Washington DC, Richmond, Charlotte and Roanoke markets in June 2017.

Sales Transactions

  • Witchduck Medical Associates, LLC, purchased a 12,584-square-foot building at 4501 North Witchduck Road in Virginia Beach from Bayside Professional Associates for $875,000. Krista Costa and Katherine Olson brokered the sale on behalf of the seller.
  • DDREG, LLC purchased a 30,760-square-foot medical office building at 8921 Three Chopt Road in Henrico, Va from Tuckahoe II Associates for $975,000. Peter Vick and Harrison Hall represented the seller.

New Transactions

  • Dollar Tree leased 10,178 square feet of retail space in 5th Street Station at 335 Merchant Walk Square in Charlottesville, Va. Mary McGovern, Erica Rorrer, Zach Means and Larry Agnew represented the landlord.
  • Extreme Pizza leased 2,604 square feet of retail space in 5th Street Station. McGovern, Rorrer, Means and Agnew represented the landlord.
  • CorTech leased 3,323 square feet of office space at Interstate Corporate Center at 400 North Center Drive in Norfolk, Va. DRE’s Elizabeth Paasch represented the tenant.
  • SAS Comfort Shoes leased 1,500 square feet of retail space in Crossways Shopping Center at 1412 Greenbrier Parkway in Chesapeake, Va. David Redmond represented the landlord.
  • Perfect Fit leased 1,400 square feet of retail space in Oakland Marketplace at 7265 US 64 in Oakland, Tennessee. Gerald Divaris represented the landlord.
  • LaBelle Cottage leased 5,327 square feet of retail space in Gold’s Gym Plaza at 8906 J.W. Broad Street in Richmond. Vick and Hall represented the landlord.
  • Mango leased 2,590 square feet of retail space in The Row at GreenGate at West Broad Street in Virginia Beach. Eric Hammond represented the landlord.
  • Heartland Dental leased 4,068 square feet of retail space in Hanbury Village Shopping Center at 249 Hanbury Road East in Chesapeake. Levi Thomson represented the landlord.
  • Magellan HRSC leased 3,024 square feet of office space in One Columbus Center in Virginia Beach. Michael Divaris, Vivian Turok and Costa represented the landlord.
  • Ocean Crab leased 3,004 square feet of retail space in Salem Crossing Shopping Center at 2029 South Lynnhaven Parkway in Virginia Beach. Thomson represented the landlord.
  • NNE Group leased 1,541 square feet of office space in Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach. Turok and Paasch represented the landlord.
  • Cricket Wireless leased 1,200 square feet of retail space in St. John’s Plaza at 3261 Garden Street in Titusville, Florida. Gerald Divaris represented the landlord.
  • Rhoad & Company leased 1,150 square feet of office space in Orchard Square Shopping Center at 1400 Kempsville Road in Chesapeake. Turok represented the tenant.
  • Kappatal Cuts Barbershop leased 1,000 square feet of retail space in Victory Crossing at 4000 Vicotry Boulevard in Portsmouth. George Fox represented the landlord.
  • Ideal Dental Care leased 3,160 square feet of retail space in Gold’s Gym Plaza. Vick and Hall represented the landlord.
  • Hand & Stone Massage and Facial Spa leased 3,000 square feet in Virginia Center Station at 1080 Virginia Center Parkway in Glen Allen, Va. Vick and Hall represented the tenant.
  • Lillian Jean Cox-Richard leased 2,000 square feet of office space at 709 Dawn Street in Richmond. John Madures represented both the landlord and the tenant.
  • Golden Skillet leased 1,814 square feet of retail space in 360 West Shopping Center at 7108 Hull Street Road in Richmond. Sara Goodall represented the landlord.
  • Fresh Chef leased 2,575 square feet of retail space in Providence Plaza at 2935 Providence Road in Charlotte, NC. Charles Neil represented the landlord.
  • Michael Nguyen’s Nail Salon leased 1,500 square feet of retail space in Socastee Commons at 5022 Dick Pond Road in Myrtle Beach, SC. Neil represented the landlord.

Lease Renewals

  • Barnes & Noble renewed its lease for 28,420 square feet of retail space in Columbus Village at 4485 Virginia Beach Boulevard in Virginia Beach. Gerald Divaris and Sezin Cortinas represented the landlord.
  • GameStop renewed its lease for 1,700 square feet of retail space in Salem Crossing. Thomson represented the landlord.
  • Cold Stone Creamery renewed its lease for 1,250 square feet of retail space at 550 Oyster Point Road in Newport News, Va. Karen Beale represented the landlord.
  • Western National Life Insurance Co renewed its lease for 1,400 square feet of retail space in St. John’s Plaza. Gerald Divaris represented the landlord.
  • Bon Secours Maryview Medical Center renewed its lease for 8,323 square feet of office space at 5551 Portsmouth Boulevard in Portsmouth. Hammond and David Bickford represented the landlord.
  • Rack Room Shoes renewed its lease for 4,800 square feet of retail space in Crossways Shopping Center. Redmond represented the landlord.
  • J&H Nail renewed its lease for 1,300 square feet of retail space in Glenwood Shopping Center at 8401 Hampton Boulevard in Norfolk, Va. Bickford represented the landlord.
  • DiMaggio’s Pizzeria renewed its lease for 1,680 square feet of retail space in Renaissance Square at 11146 Renaissance Drive in Davidson, NC. Neil represented the landlord.
  • OneMain Financial of South Carolina renewed its lease for 1,400 square feet of retail space in North Hampton Market at 6005 Wade Hampton Boulevard in Taylors, SC. Neil and Diana Teitsma 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 31 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.

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