Divaris Real Estate’s Richmond Office Completes Four Transactions Totaling 7,846 Square Feet

Posted on September 01, 2017  /  in News Releases  /  No Comments

RICHMOND, VA: Divaris Real Estate, Inc. (DRE), announced the completion of the following transactions in Central Virginia for 7,846 square feet of new and renewed retail space.

New Transactions

5th Street Station Anchor Stores

5th Street Station

Primary Eyecare leased 2,968 square feet of retail space in the Divaris-leased 5th Street Station located at 5th Street and Bent Creek Parkway in Charlottesville, Va.

IFIXT, Inc leased 1,200 square feet of retail space in 5th Street Station, as well. DRE’s Zach Means, Mary McGovern, Larry Agnew and Erica Rorrer represented the landlord in the two lease negotiations. Primary Eyecare and IFIXT join other tenants in 5th Street Station that include: Wegmans, Field & Stream, Haverty’s Furniture, A.C. Moore, PetSmart, Timberwood Tap House, Dick’s Sporting Goods, and Alamo Drafthouse Cinema.

Wingstop leased 2,370 square feet of retail space in the Divaris-leased Stonebridge Marketplace located at 109 Stonebridge Plaza Avenue in Richmond. DRE’s Peter Vick and Harrison Hall negotiated the lease on behalf of the landlord. Other tenants in Stonebridge Marketplace include: Bank of America, Panda Express, Krispy Kreme, Qdoba, Mattress Firm, Great Clips, Virginia ABC store and H&R Block.

Lease Renewal
Independent Insurance Agency of Richmond renewed its lease for 1,308 square feet of retail space in the Divaris-leased and -managed 360 West Shopping Center located at 7130 Hull Street Road in Richmond. DRE’s Sara Goodall represented the landlord in the lease negotiations. Other tenants in 360 West include: Dollar General, Rite Aid, Subway, Boost Mobile, AutoZone and Jackson Hewitt.

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; Washington, DC; and Beverly Hills, CA. 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 approximately 32 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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