Virginia Beach, Virginia: Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the renewal of two leases for restaurant space in Divaris-leased centers.
Sonoma Wine Bar & Bistro signed a lease renewing its 3,833-square-foot space at 189 Central Park Avenue in The Town Center of Virginia Beach. The Divaris retail team represented the landlord, Armada Hoffler Properties, in the lease negotiations. The 17-city blocks of the Town Center of Virginia Beach are managed by Divaris Property Management Corp.
Good Fortune Restaurant renewed its lease for 2,050 square feet of retail space in Willow Oaks Village Square Shopping Center located at 225 Fox Hill Road in Hampton, Virginia. Eric Bucklew, vice president of the Virginia Beach office of DRE, represented the landlord in the lease negotiations. Other tenants in Willow Oaks Village Square include 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 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 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, 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.