Divaris Real Estate’s Hampton Roads Office Completes Seven Transactions Totaling 39,840 Square Feet

Posted on November 21, 2018  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of seven transactions totaling 39,840 square feet of new and renewed commercial space throughout the greater Hampton Roads market.

Sales Transaction
Full Gospel Light & Love Church purchased 1.95 acres of land located at 14551 Warwick Boulevard in Newport News, Virginia, from Kyong Suk Han for $375,000. Aeri Jai represented the seller in the transaction.

Lease Transactions

Todd Shopping Center, Hampton, VA

Todd Shopping Center, Hampton, VA

Curves for Women leased 3,020 square feet; Seafood Kitchen leased 1,210 square feet; and Celebrity Styles & Extensions leased 1,040 square feet of retail space in the Divaris-leased Todd Shopping Center located at 2124-2330 West Mercury Boulevard in Hampton, Va. Aeri Jai and Mary McGovern represented the landlord in the lease negotiations. Other tenants in Todd Shopping Center include: Big Lots, Office Depot, Northern Tool and Equipment, Grand Furniture, Advance Auto Parts, Lumber Liquidators, Catherine’s, Subway and Patient First.

Lease Renewals
Food Lion renewed its lease for 30,280 square feet of retail space in the Divaris-leased York River Crossing shopping center located at 2353 York Crossing Drive in Hayes, Va. Other tenants in York River Crossing include: Peebles, YRC Cinemas, DMV, Verizon, Family Dollar, Payless ShoeSource, Hair Cuttery, Gloucester Point Library, Liberty Tax, Pizza Hut, McDonald’s, Taco Bell, Virginia ABC, and Bayport Credit Union.

Heaven & Earth renewed its lease for 3,040 square feet and Little Caesar’s Pizza renewed its lease for 1,250 square feet of retail space in in the Divaris-leased Todd Shopping Center located at 2124-2330 West Mercury Boulevard in Hampton, Va. Aeri Jai and Mary McGovern 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 37 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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