Divaris Renews Approximately 10,000 SF of Retail Space

Posted on July 03, 2013  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the renewal of two leases at Willow Oaks Village Square Shopping Center in Hampton, Va., totaling approximately 10,000 square feet of retail space. The transactions were handled on behalf of the landlord, Willow Oaks Associates, by Eric Bucklew, Vice President in the Virginia Beach office of Divaris Real Estate, Inc.

The City of Hampton renewed their lease for 7,778 square feet and Virginia ABC is renewed 3,300 square feet in the Divaris-leased shopping center. Willow Oaks, which is located at 227 Fox Hill Road, also includes a Farm Fresh, Rite Aid, Peebles, Bank of America, Crestar Bank, McDonald’s and Burger King.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; 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 in excess of 30 million square feet of prime office, retail and industrial space throughout the Mid-Atlantic and Southeast. 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, 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, 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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