Divaris Real Estate Announces $21 Million and 185,028 Square Feet in Completed Transactions for March 2019

Posted on April 04, 2019  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of 41 transactions totaling $20,982,033 and 185,028 square feet of sold, leased and renewed commercial property throughout Virginia; North Carolina and metropolitan Washington, DC markets in March 2019.

Sales Transactions

  • Airport Drive Shopping Center, Henrico, Virginia

    Airport Drive Shopping Center, Henrico, Virginia

    Airport Drive Real Estate Investment, LLC purchased the 18,000-square foot Airport Drive Shopping Center at 51-73 South Airport Drive in Henrico, Virginia, from Airport Drive Shopping Center, LLC for $1,610,000. John Madures brokered the sale on behalf of the seller.

  • International Marine Products, Inc. sold a 7,500-square-foot retail building at 1008 Granby Street in Norfolk to 1008 Granby Street, LLC. for $365,000. Missy Martinovich represented both the buyer and the seller.
  • Fotis Xyderis purchased the 4,400-square-foot office/warehouse property at 54 Cedar Fork Road in Richmond from Jong K. Lim for $350,000. John Madures represented the seller.

Lease Transactions

  • W.S. Badcock Corporation leased 15,941 square feet of retail space in Gateway Park Shopping Center at 1301 West Broad Street in Waynesboro, Va. Sara Goodall and Brett McNamee represented the landlord.
  • Flexible Benefit Administrators leased 15,600 square feet of office space in Sabre Corporate Center I at 2875 Sabre Street in Virginia Beach. Vivian Turok represented the tenant.
  • AK Tavern of Short Pump leased 7,994 square feet of retail space in West Broad Village at 2251 Old Brick Road in Glen Allen. Peter Vick and Harrison Hall represented the landlord.
  • Southside Vapor & Skilled Games leased 4,400 square feet of retail space in Irongate Village Shopping Center at 6403 Ironbridge Road in Richmond. Peter Vick, Harrison Hall and Eric Hammond represented the landlord.
  • Dogtopia leased 4,000 square feet of retail space in the Town Center of Virginia Beach at 4546 Columbus Street in Virginia Beach. Sezin Cortinas, Gerald Divaris and Erica Rorrer represented the landlord.
  • AAA of Tidewater Virginia leased 3,914 square feet of retail space in Landstown Commons at 3352 Princess Anne Road in Virginia Beach. Levi Thomson represented the landlord.
  • B.C. Ziegler and Company leased 3,840 square feet of office space in the Granite Professional Building at 5701 Patterson Avenue in Richmond. Read Goode and Cheryle Toy represented the landlord.
  • Pella Mid-Atlantic leased 3,373 square feet of retail space at 8150 Leesburg Pike in Vienna, Virginia. Joe Farina and Christopher Saa represented the landlord.
  • Bath & Body Works leased 3,200 square feet of retail space in Waynesboro Town Center at 740 Town Center Drive in Waynesboro. Brett McNamee, Ali McCrickard and Laikyn Severson represented the landlord
  • Pressure Works leased 3,193 square feet of retail space in Village Square at 2001 south Military Highway in Chesapeake, Va. Elizabeth Napolitano and David Bickford represented the landlord.
  • Ellaz Bridal leased 3,125 square feet of retail space in Roosevelt Gardens at 2300 East Little Creek Road in Norfolk. George Fox represented the landlord.
  • Salsa with Silvia Ballroom leased 3,101 square feet of retail space at 4731 Elm Street in Bethesda, Maryland. Joe Farina and Brandon Howard represented the tenant.
  • Shaheen, Ruth, Martin & Fonville (SRMF) Real Estate leased 3,000 square feet of office space in the former BB&T Bank at 9004 Huguenot Road in Richmond. Read Goode and Cheryle Toy represented the landlord.
  • Royal Executives leased 2,100 square feet of office space at 2119 East Franklin Street in Richmond. Eric Hammond and Dean Foster represented the tenant.
  • Influential Family Services leased 1,900 square feet of office space at 4808 Radford Avenue in Richmond. Eric Hammond and Dean Foster represented the landlord.
  • Stemtree Education of Fairfax leased 1,538 square feet of retail space at 11225 Waples Mill Road in Fairfax, Va. Rob Gray represented the tenant.
  • Pikasso Swig leased 1,500 square feet and JBD Catering “Soul Food Station” leased 1,301 square feet of retail space in 5th Street Station at 5th Street at Interstate 64 in Charlottesville, Va. Larry Agnew represented the landlord.
  • Tony Bledsoe pottery studio leased 1,451 square feet of retail space in Harper Hill Commons at 4928 Martin View Lane in Winston-Salem, NC. Hutch Farris and Charles Neil represented the landlord.
  • Gelati Celesti leased 1,277 square feet of retail space in Hilltop West Shopping Center at 754 First Colonial Road in Virginia Beach. Sezin Cortinas and Elizabeth Napolitano represented the tenant.
  • Southern Trust Mortgage leased 1,034 square feet of office space at 1919 Huguenot Road in North Chesterfield, Va. Eric Hammond represented the landlord.
  • Miracle Ear leased 750 square feet of retail space in West Little Creek Shoppes at 129-143 West Little Creek Road in Norfolk. George Fox and Kristopher Fuller represented the landlord.

Lease Renewals

  • CHKD Thrift store renewed its lease for 18,700 square feet of retail space in Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach. George Fox and Kristopher Fuller represented the landlord.
  • Town Center Office Suites renewed its lease for 11,995 square feet of office space in One Columbus Center at 283 Constitution Drive in the Town Center of Virginia Beach. Krista Costa, Michael Divaris and Vivian Turok represented the landlord while Gerald Divaris represented the tenant.
  • Dermalogica renewed its lease for 12,000 square feet of office space at 5486 Gorvan Drive in Mississauga, Ontario, Canada. Michael Divaris and Krista Costa represented the tenant.
  • The Virginia Center for Policing Innovation renewed its lease for 5,122 square feet of office space in One Monument Avenue Building at 413-421 Stuart Circle in Richmond. Eric Hammond and Dean Foster represented the landlord.
  • Vitamin Shoppe renewed its lease for 4,250 square feet of retail space in Parkridge Center at 10944 Bulloch Drive in Manassas, Virginia. Joe Farina and Gerald Divaris represented the landlord.
  • Dermalogica renewed its lease for 3,752 square feet of office space at 100 East Walton Street in Chicago, Illinois. Michael Divaris and Krista Costa represented the tenant.
  • Gillmann Services renewed its lease for 1,752 square feet of office space at 9321 Midlothian Turnpike in Richmond. Eric Hammond, Laikyn Severson and John Madures represented the landlord.
  • Marsha’s Skin Care renewed its lease for 1,689 square feet in Lynnhaven Square at 2077-2085 Lynnhaven Parkway in Virginia Beach. George Fox and Kristopher Fuller represented the landlord.
  • Papa John’s renewed its lease for 1,625 square feet of retail space in East Beach Marketplace at 4017 East Little Creek Road in Norfolk, Va. George Fox represented the landlord.
  • Edward D. Jones renewed its lease for 1,486 square feet of office space in Cloverhill Medical Center at 13841 Hull Street Road in Midlothian, Va. Eric Hammond, Peter Vick and Harrison Hall represented the landlord.
  • GameStop renewed its lease for 1,280 square feet and Shear Investments renewed its lease for 1,268 square feet of retail space in Wendover Village at 4203 West Wendover Avenue in Greensboro, NC. Charles Neil and Hutch Farris represented the landlord.
  • T Nails renewed its lease for 1,200 square feet in Oyster Point Square at 11710 Jefferson Avenue in Newport News, Va. George Fox represented the landlord.
  • Charlotte Sports Performance renewed its lease for 1,020 square feet of retail space in Providence Plaza at 2935 Providence Road in Charlotte. Charles Neil represented the landlord.
  • Great Clips renewed its lease for 987 square feet in South Square at 3415 Westgate Drive in Durham, NC. Charles Neil, Diana Teitsma and Hutch Farris represented the landlord.

About Divaris Real Estate
Divaris Real Estate, Inc. (http://www.divaris.com) 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 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, (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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