Divaris Real Estate’s Washington DC Office Completes Three Transactions Totaling 5,892 Square Feet

Posted on April 29, 2019  /  in News Releases  /  No Comments

TYSONS CORNER, VIRGINIA: Divaris Real Estate, Inc. (DRE), announced the completion of three transactions for sold and leased properties in the metropolitan Washington, DC region of Maryland, totaling 5,892 square feet.

Sale Transaction

Former PNC Bank Training Facility, 116-118 East Main Street, Westminster, Md

Former PNC Bank Training Facility, 116-118 East Main Street, Westminster, Md

The Garage LLC purchased the 3,685-square-foot former PNC Bank training facility located at 116-118 East Main Street in Westminster, Maryland from PNC Bank, NA for $349,000.  Joe Farina and Amit Grover represented the seller in the negotiations.

Lease Transactions

Shark’s Fish and Chicken leased 1,200 square feet of retail space in the Divaris-leased Marlow Heights Shopping Center located at 3907 Branch Avenue in Temple Hills, Md.  Joe Farina and Chris Saa represented the landlord in the lease negotiations.  Anchor tenants in Marlow Heights include Macy’s, Giant and Dollar Tree.  Other tenants in the shopping center include Advance Auto Parts, Catherines, Marlow 6 Theater and Sports Zone.

The KillaKlozet leased 1,007 square feet of retail space in the Divaris-leased and -managed Hampton Ritchie Business Center located at 710 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 30 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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