Virginia Beach, Virginia: Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the renewal of three leases totaling more than 8,500 square feet in Chesapeake, Norfolk and Virginia Beach, Virginia.
Mattress Firm renewed its lease for 3,982 square feet in the Divaris-leased Crossways Shopping Center. The transaction was handled on behalf of the landlord, JLP Chesapeake, LLC, by David Redmond in the Virginia Beach office of Divaris Real Estate, Inc. Crossways is located at 1600 Crossways Boulevard, in Chesapeake, VA.
RadioShack renewed its lease for 2,837 square feet at Pembroke Mall in Virginia Beach, VA. The transaction was handled on behalf of the landlord, Pembroke Square Associates, by Melinda Simons and John Millar of the Virginia Beach office of DRE. Pembroke Mall is located at 4554 Virginia Beach Boulevard, in Virginia Beach, VA.
Bayfront Dance Company renewed its lease for 1,773 square feet in the Divaris-leased East Beach Villa Shoppes at 4520 Pretty Lake Avenue, Norfolk, VA. The transaction was handled on behalf of the landlord, Pretty Lake at East Beach, by Sezin Cortinas in the Virginia Beach office of DRE. Other tenants at The East Beach Villa Shoppes include Caribbean Classics, East Beach Sandwich Company and East Beach Dental.
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.