Divaris Real Estate’s Washington, D.C. Office Completes Five Transactions Totaling 15,300 Square Feet

Posted on August 05, 2019  /  in News Releases  /  No Comments

TYSONS CORNER, VIRGINIA: Divaris Real Estate, Inc. (DRE), announced the completion of five transactions for leased commercial properties in the metropolitan Washington, DC region, totaling 15,300 square feet.

Sale Transaction

T.D. Olney, LLC purchased a 3,802-square-foot office property located at  2901 Olney Laytonsville Road in Olney, Maryland from MIMA Associates, LLP for $1,375,000.   Joe Farina represented the buyer in the transaction.

Lease Transactions

Sterling Park Shopping Center, Sterling, Virginia

Sterling Park Shopping Center, Sterling, Virginia

Suds n More leased 7,851 square feet of retail space in the Divaris-leased Sterling Park Shopping Center located at 421 South Sterling Boulevard in Sterling, Va.  Joe Farina and Chris Saa represented the landlord in the lease negotiations.  The roster of the Big Lots and CVS-anchored Sterling Park includes Pizza Hut, Family Dollar, KFC, McDonald’s, Taco Bell and Boost Mobile.

Bel Pre #1 Pharmacy leased 1,440 square feet of retail space in the Divaris-leased Layhill Shopping Center located at 14446 Layhill Road in Silver Spring, Maryland.  Susan McGee represented the landlord in the lease negotiations.  Other tenants in Layhill Shopping Center include Gold’s Gym, 7-Eleven, BB&T Bank, Weight Watchers and Subway.

EZ Cash Depot leased 1,200 square feet of retail space in the Divaris-leased property located at 1752 Columbia Road NW in Washington, DC.  Rob Gray and Joe Farina represented the landlord in the lease negotiations.

Worldship leased 1,007 square feet of office space in the Hampton Ritchie Business Center located at 704 Ritchie Road in Capitol Heights, Md.  Joe Farina and Tony Thur 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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