Divaris Sells Approximately 2 Acres of Commercial Property to Residential Developer

Posted on January 28, 2014  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the sale of 1.9 acres at Diamond Springs Road and Shurney Lane, in Virginia Beach, Virginia. The property was purchased for $419,000 by KempDel, Inc. The once-commercial land was rezoned and sold to a residential developer who intends to build condos. The sale was handled on behalf of the seller, Metro Tec Associates, by Eric Bucklew of the Virginia Beach office of Divaris Real Estate.

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 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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