Divaris Real Estate Announces $30.5 Million and 220,190 Square Feet in Completed Transactions for April 2019

Posted on May 10, 2019  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of 36 transactions totaling $30,458,358 and 220,190 square feet of sold, leased and renewed commercial property throughout Virginia; North Carolina and metropolitan Washington, DC markets in April 2019.

Sales Transactions

  • Smith & Cottingham, LLC purchased a 6,212-square-foot office suite in Meadowdale Square at 5935 Hopkins Road in Richmond from Lucky Old SSN, LLC for $509,500. Eric Hammond, Peter Vick and Harrison Hall represented the buyer.
  • Garrison Enterprises, Inc. purchased two acres of land in the Chesterfield Air Park at 7821 Courthouse Three Lane in North Chesterfield, Va, from Courthouse 3, LLC, for $372,600. Laikyn Severson represented the seller.
  • Leo Salinas purchased a 4,100-square-foot retail property at 2320 Oaklawn Boulevard in Hopewell for $319,000 from Inzaina Enterprises. Eric Hammond and Dean Foster represented the seller, and John Madures represented the buyer.
  • The Garage LLC purchased the 3,685-square-foot former PNC Bank training facility at 116-118 East Main Street in Westminster, Maryland from PNC Bank, NA for $349,000. Joe Farina and Amit Grover represented the seller.
  • Phoebus Group 2, LLC purchased a 3,956-square-foot, freestanding building at 25 South Mallory Street in Hampton, Va, from Thomas C. Staton for $275,000. Melissa Martinovich represented both the buyer and the seller.

Lease Transactions

  • Two Columbus Center

    Two Columbus Center, Virginia Beach, Va

    Hazen and Sawyer DPC expanded its lease by 6,326 square feet for a total of 19,011 square feet of office space in Two Columbus Center at 4500 Main Street in the Town Center of Virginia Beach. Michael Divaris, Vivian Turok and Krista Costa represented the landlord.

  • Old Navy leased 15,363 square feet of retail space in Landstown Commons at 3312 Princess Anne Road in Virginia Beach. Levi Thomson represented the landlord and Mary McGovern represented the tenant.
  • The Boathouse Restaurant leased 10,800 square feet of retail space in Chesterfield Towne Center at 11500 Midlothian Turnpike in Richmond. Brett McNamee represented the landlord.
  • Fidelity Brokerage Services leased 5,447 square feet of retail space in Two Columbus Center at 4500 Main Street in Virginia Beach. Erica Rorrer, Gerald Divaris and Sezin Cortinas represented the landlord.
  • B.I. Inc leased 3,917 square feet, then expanded for a total of 5,232 square feet of office space in Fountain Park at 9321 Midlothian Turnpike in Richmond. Eric Hammond, Dean Foster and John Madures represented the landlord.
  • Bath & Body Works leased 3,636 square feet of retail space in Landstown Commons at 3300 Princess Anne Road in Virginia Beach. Levi Thomson represented the landlord.
  • F-45 leased 2,503 square feet of retail space in Patterson Place at 3616 Witherspoon Boulevard in Durham, NC. Charles Neil and Diana Teitsma represented the landlord.
  • Solidcore leased 2,301 square feet of retail space in Libbie Mill at 5001 Libbie Mill East Boulevard in Richmond. Peter Vick, Harrison Hall and Brett McNamee represented the landlord.
  • The Good Book Company leased 1,839 square feet of retail space in The Colonnade at 1805 Sardis Road North in Charlotte. Charles Neil represented the tenant.
  • Seth Gross leased 1,778 square feet of retail space in South Square at 4001 Durham Chapel Hill Boulevard in Durham. Charles Neil and Diana Teitsma represented the landlord.
  • Associated Press leased 1,608 square feet of office space at 10 East Franklin Street in Richmond. Brett McNamee represented the tenant.
  • Domoishi leased 1,600 square feet of retail space in the Peninsula Town Center on Kilgore Avenue at the corner of Holt Avenue in Hampton, Va. Aeri Jai represented the tenant.
  • Virtue Risk Partners leased 1,412 square feet of office space at 100 West Franklin Street in Richmond. Laikyn Severson represented the tenant and Ali McCrickard and Brett McNamee represented the landlord.
  • Radiant Nails & Spa leased 1,313 square feet of retail space in Libbie Mill at 4901 Libbie Mill East Boulevard in Richmond. Peter Vick and Harrison Hall represented the landlord.
  • Shark’s Fish and Chicken leased 1,200 square feet of retail space in Marlow Heights Shopping Center at 3907 Branch Avenue in Temple Hills, Md. Joe Farina and Chris Saa represented the landlord.
  • Beyond the Image Christian Counseling leased 1,200 square feet of retail space in Winterfield Crossing at 6709 Lake Harbour Drive in Midlothian, Va. Peter Vick, Harrison Hall and Larry Agnew represented the landlord.
  • Carlson & Company Financial Services leased 1,020 square feet of office space in Beach Municipal Federal Credit Union at 4164 Virginia Beach Boulevard in Virginia Beach. Chris Bendit represented the landlord.
  • The KillaKlozet leased 1,007 square feet of retail space in the Hampton Ritchie Business Center at 710 Ritchie Road in Capitol Heights, Md. Joe Farina and Tony Thur represented the landlord.
  • Ferris Winder, PLLC leased 845 square feet of office space at 9327 Midlothian Turnpike in Richmond. Eric Hammond, Laikyn Severson and John Madures represented the landlord.

Lease Renewals

  • Ross Dress For Less renewed its lease for 30,187 square feet of retail space in South Square at 4001 Durham Chapel Hill Boulevard in Durham, NC. Diana Teitsma and Charles Neil represented the landlord.
  • The Art Institute of Virginia Beach renewed its lease for 30,009 square feet of office space in Two Columbus Center at 4500 Main Street in the Town Center of Virginia Beach. Michael Divaris, Vivian Turok and Krista Costa represented the landlord.
  • Total Wine & More renewed its lease for 15,000 square feet of space in Patterson Place at 3615 Witherspoon Boulevard in Durham, NC. Diana Teitsma and Charles Neil represented the landlord.
  • Lumber Liquidators renewed its lease for 12,800 square feet of retail space at 8818 West Broad Street in Richmond. Peter Vick and Harrison Hall represented the landlord.
  • JenCare renewed its lease for 10,500 square feet of office space in JenCare Senior Medical Center at 524 Southpark Boulevard in Colonial Heights, Va. Brett McNamee represented the tenant.
  • Strayer University renewed its lease for 7,480 square feet of office space at 249 Central Park Avenue in the Town Center of Virginia Beach. Krista Costa, Michael Divaris and Vivian Turok represented the landlord.
  • Sushi King renewed its lease for 6,112 square feet of retail space in the Peninsula Town Center at 5101 Merchant Lane in Hampton, Va. Aeri Jai represented the tenant.
  • J.R. Hyatt Co. Inc. renewed its lease for 5,205 square feet of retail space in Glass Boat at 3228 West Cary Street in Richmond. Ali McCrickard and Brett McNamee represented the tenant.
  • Colonial Downs Group renewed its lease for 3,887 square feet of office space in the Williams Mullen Center at 200 South 10th Street in Richmond. Eric Hammond and Dean Foster represented the landlord.
  • Tekla Research renewed its lease for 1,984 square feet of office space in the HRSA-ILA Building at 1355 International Terminal Boulevard in Norfolk, Va. Christopher Bendit represented the landlord.
  • Nails #1 renewed its lease for 1,400 square feet of retail space in Alexander Pointe at 840 Jake Alexander Boulevard West in Salisbury, NC. Charles Neil represented the landlord.
  • Vega Restaurant renewed its lease for 604 square feet of office space at 9325 Midlothian Turnpike in Richmond. Eric Hammond, Laikyn Severson and John Madures 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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