Divaris Real Estate’s Hampton Roads Office Completes Seven Transactions Totaling 34,635 Square Feet

Posted on May 14, 2019  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of seven transactions totaling 34,635 square feet of new and renewed commercial space in the Hampton Roads market.

Lease Renewals

Former Army Base Fort Monroe, Virginia

Former Army Base Fort Monroe, Virginia

Liberty Source PBC renewed four leases that total 25,698 square feet of office space on the Divaris-leased and -managed historic former army base Fort Monroe.  The spaces include 6,727 square feet at 84 Patch Road, 6,492 square feet at 351 Fenwick Road, 6,479 square feet at 355 Fenwick Road, and 6,000 square feet at 92 Patch Road.  Elizabeth Napolitano and Chris Bendit represented the landlord in the lease negotiations.  The 565-acre National Historic Landmark District is being leased by DRE and managed by Divaris affiliate Old Point Comfort Real Estate Services, LLC.

Lease Transactions

The Federal Savings Bank leased 4,587 square feet of office space in the Divaris-leased and -managed Union Bank Building located at 603 Pilot House Drive in Newport News, Va.  Karen Beale, SIOR represented the landlord in the lease negotiations.

American Addiction Treatment Center leased 3,000 square feet of office space in the Divaris-leased Liberty Commons located at 12695 McManus Boulevard in Newport News.  Karen Beale, SIOR represented the landlord in the lease negotiations.

Bishops Cut and Color leased 1,350 square feet of retail space in Hickman Place located at 2212 General Booth Boulevard in Virginia Beach.   Elizabeth Napolitano represented the tenant in the lease negotiations.

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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