Divaris Signs Four Retail Leases for 15,605 SF In Hampton Roads, VA

Posted on May 16, 2014  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA:  Gerald S. Divaris, chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the signing of four leases totaling 15,605 square feet of retail space in the Hampton Roads region of southeast Virginia.

Dollar Tree signed a lease for 9,989 square feet of retail space in the Divaris-leased Landstown Commons located at 3322 Princess Anne Rd in Virginia Beach.  The discount retailer joins Kohl’s, Bed Bath & Beyond, Ross Dress for Less, Best Buy, Office Max, PetSmart, AC Moore, Books-A-Million, Buffalo Wild Wings and Rack Room Shoes in the power center. The lease was handled on behalf of the landlord, Inland Diversified Real Estate Services, LLC, by Levi Thomson and Melinda Pezzella of the Virginia Beach office of DRE.

Fox Music leased 2,200 square feet of retail space in the Divaris-leased Independent Plaza at 1115 Independence Blvd in Virginia Beach.  Pezzella, Krista Costa and Joseph Lowery represented the landlord, Andrianos, LLC in the lease negotiations.  Fox Music will offer music instructions from its space in the shopping center.

Teriyaki Madness signed a lease for 2,016 square feet of retail space in Landstown Place at 1912 Landstown Centre Way in Virginia Beach.  The Asian teriyaki-style restaurant was represented in the lease negotiations by David Redmond of the Virginia Beach office of Divaris.

The Vape Lounge 757 leased 1,400 square feet of retail space in the Divaris-leased Lee’s Cleaners Shopping Center located at 12480 Warwick Blvd in Newport News, Virginia. The tenant will sell electronic cigarettes and similar products as well as serve food and beverages.    Aeri Jai, of the Peninsula office of DRE, represented the landlord, Hong Joo Kim, in this transaction.

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.

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