DIVARIS REAL ESTATE LEASES 10,000 SQUARE FEET TO FAMILY DOLLAR STORES OF GEORGIA, INC.

Posted on August 18, 2000  /  in News Releases  /  No Comments

Douglasville, Georgia: Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc., announced the signing of a lease with Family Dollar Stores of Georgia, Inc. for 10,000 square feet of retail space in the Divaris leased and managed Forrest Mart Shopping Center, located at 6099 Fairburn Road in Douglasville, Georgia.  Family Dollar joins Heilig-Meyers Furniture, Aaron Rents and Lab Corp in the shopping center.

Family Dollar is headquartered in Matthews, North Carolina, just outside of Charlotte. The Company has been in business since 1959 and a publicly held corporation since 1970.  The merchandise is sold at everyday low prices in a no-frills, low overhead, self-service environment.  Most merchandise is priced under $10.00.  Family Dollar Stores is one of the fastest growing discount store chains in the United States, with 1,109 new stores added over the last five years.

The stores are located in a contiguous, 39-state area ranging northeast to Maine, southeast to Florida, as far northwest as South Dakota and southwest as Arizona.  There are approximately 220 stores in the state of Georgia.  They generally range in size from 6,000 to 8,000 square feet.

Phillip Shumny, of DRE’s Atlanta office, represented the Landlord, Forrest Mart Associates, G.P. in the negotiations.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, Virginia with offices in Norfolk, Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; Rockville, Maryland; and Tampa, Miami, and St. Augustine, Florida. It is an international real estate brokerage and property management company that currently manages and/or leases in excess of 26.3 million square feet of prime office, retail, and industrial space throughout the Mid-Atlantic and Southeastern states. Divaris Real Estate, Inc. is a member of Realty Resources, a national group of independent retail property brokers and managers covering 75  major markets throughout the United States.  This organization represents corporate and institutional clients, as well as tenants and buyers in all aspects of leasing, development, and managing properties, as well as in acquisitions and land sales. Gerald S. Divaris is Chairman of the Board and Michael B. Divaris is President of Divaris Real Estate, Inc.

 

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