Divaris Real Estate’s Hampton Roads Office Completes Seven Transactions Totaling 11,867 Square Feet

Posted on October 19, 2018  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of seven transactions totaling 11,867 square feet of new and renewed commercial space throughout the greater Hampton Roads market.Lease Transactions

Southport Centre, 4525 South Boulevard, Virginia Beach, VA

Southport Centre, 4525 South Boulevard,  Virginia Beach, VA

AH Environmental leased 2,677 square feet of office space in the Divaris-leased Southport Centre located at 4525 South Boulevard in Virginia Beach. Krista Costa and Katherine Olson represented the tenant while Elizabeth Paasch and Chris Bendit represented the landlord in the lease negotiations.

EA Engineering, Science and Technology leased 2,079 square feet of office space in the Fulton Bank building located at 4429 Bonney Road in Virginia Beach. Krista Costa and Katherine Olson represented the tenant in the lease negotiations.

Commonwealth for the Greater Good leased 1,806 square feet of retail space in the Divaris-leased and -managed One Columbus Center in the Town Center of Virginia Beach. Sezin Cortinas, Gerald Divaris and Erica Rorrer represented the landlord in the lease negotiations.

Newport News Tobacco & Vape leased 1,050 square feet of retail space in the Divaris-leased Oyster Point Plaza located at 324 Oyster Point Road in Newport News, Va. George Fox and Kris Fuller represented the landlord in the lease negotiations. Oyster Point Plaza is a Food Lion-anchored center with tenants that include: Starbucks, Bonefish Grill, Subways, State Farm, Edible Arrangements and Sherwin Williams.

P-Town Tobacco leased 680 square feet of retail space in the Divaris-leased Elmhurst Square shopping center located at 5660 Portsmouth Boulevard in Portsmouth, Va. George Fox and Kris Fuller represented the landlord in the lease negotiations. Elmhurst Square shopping center is anchored by Food Lion, with other tenants that include: Anytime Fitness, Metro PCS, Liberty Tax Service and North Star Credit Union.

Lease Renewals

Emersons Fine Gifts and Tobacco renewed its lease for 2,437 square feet of retail space in the Divaris-leased Crossways Shopping Center located at 1412 Greenbrier Parkway in Chesapeake, Va. Dave Redmond represented the landlord in the lease negotiations. Tenants in Crossways Shopping Center include: Ross Dress for Less, DSW, T.J. Maxx, ULTA Beauty, Marshalls, Value City Furniture, Kirklands, Michaels, Panera Bread and The Vitamin Shoppe.

Willcox & Savage, PC renewed its lease for 1,138 square feet of office space in the Divaris-leased and managed Armada Hoffler Tower located at 222 Central Park Avenue in the Town Center of Virginia Beach. Krista Costa, Vivian Turok and Michael Divaris represented the landlord in the 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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