Divaris Real Estate’s Hampton Roads Office Completes Ten Transactions Totaling 47,210 Square Feet

Posted on March 16, 2018  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of ten transactions for 47,210 square feet of new and renewed commercial space throughout the greater Hampton Roads, Virginia market.

Lease Transactions

One Columbus Center. Virginia Beach, VA

One Columbus Center. Virginia Beach, VA

Northwestern Mutual leased 11,995 square feet of office space in the Divaris-leased and -managed One Columbus Center located at 283 Constitution Drive in the Town Center of Virginia Beach. Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations.

Apex Systems leased 4,000 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. Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations.

B Cause leased 1,959 square feet of office space in Greenwich Centre located at 192 Ballard Court in Virginia Beach. DRE’s Elizabeth Paasch represented the tenant in the lease negotiations.

Center for Effective Change leased 1,943 square feet of office space in 512 South Lynnhaven Road Building in Virginia Beach. Elizabeth Paasch represented the tenant in the lease negotiations.

The Original Larry’s Hard Lemonade Brewing Co. leased 1,600 square feet of retail space at 524 Water Street in Yorktown, Va. DRE’s Missy Martinovich represented the tenant in the lease negotiations.

COMSEC leased 1,307 square feet of office space in the Divaris-leased Southport Centre located at 4525 South Boulevard in Virginia Beach. Elizabeth Paasch and Chris Bendit represented the landlord while DRE’s Krista Costa and Katherine Olson represented the tenant in the lease negotiations.

Therapeutic Alliance leased 1,483 square feet of office space in the Divaris-leased Windwood Centre located at 780 Lynnhaven Parkway in Virginia Beach. Vivian Turok and Elizabeth Paasch represented the landlord in the lease negotiations.

Lease Renewal

Schmidt Baking Company renewed its lease for 17,000 square feet of industrial space in the Divaris-leased and -managed 5200 City Line Road property in Hampton, Va. Chris Bendit represented the landlord in the lease negotiations.

Clothes Mentor renewed its lease for 4,091 square feet of retail space in the Divaris-leased Lynnhaven North Shopping Center located at 2701 North Mall Drive in Virginia Beach. Dave Redmond represented the landlord in the lease negotiations.

Confetti Caffe renewed its lease for 1,832 square feet of retail space in the Divaris-leased and -managed Town Center of Virginia Beach located at 233 Market Street. Sezin Cortinas, Erica Rorrer and Gerald 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 34 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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