VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the sale of 240 Business Park Drive in Virginia Beach to SGC Properties, LLC for $1.6 million. Jason Oliver, CCIM and Alex Divaris, CCIM, of the Investment Sales Group of Divaris Real Estate, represented the buyer in the negotiations with the seller, RST 240 Business Park, LLC.
The property is a 16,678-square-foot, two-story office building that is fully leased to tenants that include Tidewater Psychotherapy Services and Studio Center Total Production. The building is located in the Newtown/Witchduck office submarket of Virginia Beach at the border with Norfolk, VA.
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and metropolitan 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.