Divaris Real Estate’s Washington DC Office Announces Five Transactions Totaling 12,551 Square Feet

Posted on May 25, 2018  /  in News Releases  /  No Comments

TYSONS CORNER, VIRGINIA: Divaris Real Estate, Inc. (DRE), announced the completion of five transactions in the greater Washington, DC metropolitan market, totaling 12,551 square feet and 1.20 acres of new and renewed commercial space.

Sales Transaction

1361 Wisconsin NW, Washington, DC

1361 Wisconsin NW, Washington, DC

LRS Holdings, LLC, DC purchased 1,300 square feet of retail space located at 1361 Wisconsin Avenue NW in Washington, DC’s Georgetown retail district from Avi and Yaron Mizrahi for $1,200,000. Rob Gray brokered the sale on behalf of the seller. The property is located in the heart of Georgetown, blocks from the waterfront and Georgetown University. The building has the ability to expand in the rear of the property on both the ground and second levels. The new owner is a residential realtor and will use the building for his brokerage offices, RLAH Realty.

Lease Transactions
ARC Services A, LLC leased 2,591 square feet of office space in the Divaris-leased Kentlands located at 189 Kentlands Boulevard in Gaithersburg, Maryland. Joe Farina and Rob Gray represented the landlord in the lease negotiations.

Top Guard leased 1,150 square feet of office space located at 47 West Jubal Early Drive in Winchester, Va. Charlie Webb represented the tenant in the lease transaction.

CVS Pharmacy leased 1.20 acres of retail space for a freestanding drugstore to be located at 17651 and 17647 Redland Road in Rockville, Md. John Sartory and KLNB worked as co-brokers on behalf of the landlord. The property was formerly a closed Exxon-branded gasoline service station pad site.

Lease Renewal
The Goodyear Tire and Rubber Company renewed its lease for 7,510 square feet of Divaris-leased retail space located at 4535 Silver Hill Road in Suitland, Md. Rob Gray 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 36.7 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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