VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of six transactions totaling 16,408 square feet of sold, leased or renewed lease for commercial space throughout Hampton Roads.

Sales Transaction

Pacific Group, LLC purchased 7,679 square feet of office space on .45 acres of land located at 6147 Jefferson Ave. in Newport News, Va from LIP & Company, LLC for $555,000. The property includes two freestanding buildings of 6,189 square feet and 1,490 square feet. Missy Martinovich represented both the buyer and the seller in the investment sale. The current tenant of the buildings, adult day care Community Excursions/Heart and Soul, will remain in the premises. Divaris Real Estate has retained the exclusive leasing of 6147 Jefferson Ave.

Lease Transactions

CCI Utility and Construction Services leased 1,630 square feet of office space at TD Business Center located at 1130 Tabb Street in Norfolk, Va. Nicole Campbell represented the tenant in the lease negotiations.

Right at Home leased 1,210 square feet of office space in the Divaris-leased Northampton Executive Center located at 1300 Diamond Springs Road in Virginia Beach. Krista Costa and Nicole Campbell represented the landlord in the lease negotiations. This will be the first location in Hampton Roads for the Omaha-based in-home care and assistance company.

Lease Renewals

Catherines renewed its lease for 3,750 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, Advance Auto Parts, Lumber Liquidators, Subway and Patient First.

Korving & Company renewed its lease for 1,139 square feet of office space in the Divaris-leased Harbour Breeze Professional Center located at 1510 Breezeport Way in Suffolk, Va. Krista Costa and Nicole Campbell represented the landlord in the lease negotiations.

Legacy School & Career Apparel renewed its lease for 1,000 square feet of retail space in the Divaris-leased Aberdeen Professional Center located at 1610 Aberdeen Road in Hampton, Va. Aeri Jai 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 31 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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