Divaris Real Estate’s Hampton Roads Office Completes Four Transactions Totaling 17,115 Square Feet

Posted on May 01, 2019  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of three lease transactions totaling 17,115 square feet of sold and leased commercial space in Hampton Roads, Virginia.

Lease Renewal

Sushi King in Peninsula Town Center, Hampton, Va

Sushi King in Peninsula Town Center, Hampton, Va

Sushi King renewed its lease for 6,112 square feet of retail space in the Peninsula Town Center located at 5101 Merchant Lane in Hampton, Va.  Aeri Jai represented the tenant in the lease negotiations.  Jai represents Sushi King in its search for new sites throughout the Mid-Atlantic.

Lease Transactions 

Fidelity Brokerage Services leased 5,447 square feet of retail space on the first floor of Two Columbus Center located at 4500 Main Street in the Town Center of Virginia Beach.   Erica Rorrer, Gerald Divaris and Sezin Cortinas represented the landlord in the lease negotiations.

Domoishi leased 1,600 square feet of retail space in the Peninsula Town Center located in new construction on Kilgore Avenue at the corner of Holt Avenue, across from Target.   Aeri Jai represented the tenant in the lease negotiations.  Domoishi serves poke, ramen, Korean wings and Boba Tea.   To date, Aeri Jai has represented Domoishi for a total of six new locations in Southeast and Central Virginia.

Sales Transaction

Phoebus Group 2, LLC purchased the 3,956-square-foot, freestanding building located at 25 South Mallory Street in Hampton, Va, from Thomas C. Staton for $275,000.  The entire two-story brick building on 0.05 acres of land has 29 feet of frontage on South Mallory Street and is in the process of being leased to a distillery.  Melissa Martinovich represented both the buyer and the seller in the transaction.

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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