Divaris Real Estate’s Hampton Roads Office Completes Four Transactions Totaling 16,167 Square Feet

Posted on August 16, 2018  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of four transactions totaling 16,167 square feet of new and renewed commercial space throughout the Hampton Roads, Virginia market.

3529 Virginia Beach Boulevard, Virginia Beach, VA

3529 Virginia Beach Boulevard, Virginia Beach, VA

Sales Transactions
Dunkin’ Donuts purchased a 2,034-square-foot commercial building on .46 acres located at 3529 Virginia Beach Boulevard in Virginia Beach for $875,000. George Fox represented the seller, Gary R. and Karen Z. Detweiler in the negotiations.

TVLJR Enterprises, LLC purchased 1,500 square feet of retail space located at 841 Juniper Crescent in Chesapeake, Virginia from Vito Covino for $130,000. The buyer will use the premises for a barber shop. Elizabeth Napolitano and Kayla Olson represented the seller in the negotiations.

Lease Transaction
Indus Psychiatric Services leased 2,750 square feet of office space in the Divaris-leased property located at 114 North Main Street in Suffolk, Va. Elizabeth Napolitano represented the landlord in the lease negotiations.

Lease Renewal
Marine System Corporation renewed a lease for 6,130 square feet of office space in the Divaris-leased and -managed Fort Monroe Building 262 located at 367 Fenwick Road and 3,753 square feet of office space in Building 264 at 88 Patch Road in Hampton, Va. Elizabeth Napolitano and Chris Bendit represented the landlord in both lease negotiations.

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.

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