Divaris Signs Three Retail Leases for more than 11,000 SF in Hampton Roads

Posted on July 21, 2014  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA:  Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the signing of three leases totaling 11,100 square feet of retail space in the Hampton Roads region of Virginia. David Bickford, sales and leasing associate in Divaris’ Virginia Beach office handled the lease negotiations for the following transactions.

Bon Secours signed a lease for 7,000 square feet of retail space in the Divaris-leased and –managed Freedom Plaza, located at 148 Burnetts Way in Suffolk, Va. The lease negotiations were handled on behalf of the landlord, Marlowe Properties, LLC.  The new physical therapy office, located next to the Sentara Obici Hospital, will provide state-of-the-art physical therapy programs to help patients regain motion after an injury, as well as on-site occupational training designed to prevent work-related injuries.

Las Brasas Mexican Grill signed a lease for 1,700 square feet of retail space in the Lynnhaven Green Shopping Center, located at 1505 Lynnhaven Pkwy., in Virginia Beach. The lease negotiations were handled on behalf of the landlord, Lynnhaven Shopping Center Associates. Other tenants in the shopping center include G-Mart, China Wok and Dollar General.

Coldwell Banker renewed its lease for 2,400 square feet in the Divaris-leased and –managed Academy Crossing Shopping Center, located at 3210 Academy Ave., in Portsmouth, Va. The lease negotiations were handled on behalf of the landlord, Midatlantic Builders VA, LLC. Other tenants at Academy Crossing include Gymboree Play and Music, Serenity Nails and Beadworkz.

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 23 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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