Divaris Sells Former BB&T Bank Building in Norfolk

Posted on October 31, 2013  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the sale of the former BB&T Bank Building, located at 6137-6145 Sewells Point Road, in Norfolk, Virginia. The 8,080 square foot building was purchased for $300,000 and was financed by TowneBank. The sale was handled on behalf of the seller, Branch Banking and Trust Company, by David Bickford of the Virginia Beach office of Divaris Real Estate.

Following a debate in the Norview area of Norfolk to attract retailers, Bickford and local property owners held a series of meetings at Norview High School to discuss the removal of the Pedestrian Overlay District zoning laws, which was eventually supported by the City of Norfolk Zoning Department. Lonely Properties, LLC, purchased the building to operate as a pawn shop.

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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