Divaris Real Estate’s Hampton Roads Office Completes Seven Transactions Totaling 65,818 Square Feet

Posted on April 17, 2019  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of seven transactions totaling 65,818 square feet of new and renewed commercial space throughout the Hampton Roads market.

Lease Renewals

Two Columbus Center

Two Columbus Center, Virginia Beach, Va

The Art Institute of Virginia Beach renewed its lease for 30,009 square feet of office space in the Divaris-leased and -managed Two Columbus Center located at 4500 Main Street in the Town Center of Virginia Beach.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations.

Strayer University renewed its lease for 7,480 square feet of office space in the Divaris-leased and -managed Town Center of Virginia Beach.  It will, however, be moving its premises from 249 Central Park Avenue to the 222 Central Park Avenue West Offices.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations.

Tekla Research renewed its lease for 1,984 square feet of office space in the Divaris-leased and -managed HRSA-ILA Building located at 1355 International Terminal Boulevard in Norfolk, Va.  Christopher Bendit represented the landlord in the lease negotiations.

Lease Transactions

Old Navy leased 15,363 square feet of retail space in the Divaris-leased Landstown Commons located at 3312 Princess Anne Road in Virginia Beach.   Levi Thomson represented the landlord while Mary McGovern represented the tenant in the lease negotiations.   Other tenants in Landstown Commons include Kohl’s, Ross Dress For Less, Best Buy, A.C. Moore, Bed Bath & Beyond, Petsmart, Office Max, Carter’s, Lane Bryant, Rack Room Shoes, Buffalo Wild Wings, Massage Envy, Longhorn Steakhouse, ULTA, Walgreens, Phoenix Salon and Kirklands.

Hazen and Sawyer DPC expanded its lease by 6,326 square feet of office space in the Divaris-leased and -managed Two Columbus Center located at 4500 Main Street in the Town Center of Virginia Beach.  The firm will now occupy the full fifth floor for a total of approximately 19,011 square feet of office space.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations.

Bath & Body Works leased 3,636 square feet of retail space in Landstown Commons located at 3300 Princess Anne Road in Virginia Beach.   Levi Thomson represented the landlord in the lease negotiations.

Carlson & Company Financial Services leased 1,020 square feet of office space in the Divaris-leased and -managed Beach Municipal Federal Credit Union located at 4164 Virginia Beach Boulevard in Virginia Beach.  Christopher Bendit represented the landlord 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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