Divaris’ Virginia Beach Office Finalizes Leases for approximately 10,000 SF of Retail Space

Posted on March 20, 2014  /  in News Releases  /  No Comments

VIRGINIA BEACH, VA – Gerald S. Divaris, chairman and chief executive officer of Divaris Real Estate, Inc., announced the completion of 9,950 square feet of retail space in Hampton Roads, Virginia.

SunTrust Bank signed a lease extension for 3,000 square feet on .537 acres in Willow Oaks Village Square Shopping Center, at 75 Willow Oaks Blvd., in Hampton, Virginia. The lease negotiations were handled on behalf of the landlord, Willow Oaks Associates, LLC, by Eric Bucklew of the Virginia Beach office of Divaris Real Estate.

Kumon Math and Reading Center signed a lease for 2,400 square feet of retail space in the Divaris-leased and –managed Brenneman Farm Shopping Center, located at 4512 Princess Anne Road, in Virginia Beach, Virginia. Kumon is the world’s largest after-school math and reading program that helps children of all ages and levels become eager, independent self-learners. The lease negotiations were handled on behalf of the landlord, Brenneman Farm Retail Associates, by Levi Thomson and Melinda Pezzella of the Virginia Beach office of Divaris.

Heather’s Hair Designs signed a lease for 1,750 square feet of retail space in Foxfire Square, located at 2401 Seaboard Road, in Virginia Beach, Virginia. The independently-owned salon has more than 16 years of experience and offers a full menu of services. The lease negotiations were handled on behalf of the tenant by Melinda Pezzella and Krista Costa of the Virginia Beach office of Divaris.

Duck & Goose Frozen Yogurt signed a lease for 1,600 square feet of retail space in Greenbrier Town Center, located at 725 Eden Way North, in Chesapeake, Virginia. The lease negotiations were handled on behalf of the tenant by Melinda Pezzella of the Virginia Beach office of Divaris.

Rita’s Pizza signed a lease for 1,200 square feet of retail space in the Divaris-leased and –managed Academy Crossing Shopping Center, located at 3224 Academy Ave., in Portsmouth, Virginia. Rita’s was founded in 1999 by Gayle Mayo with one other location on Portsmouth Boulevard, also in Portsmouth. The lease negotiations were handled on behalf of the landlord, Midlantic Builders VA, LLC, by David Bickford of the Virginia Beach office of Divaris.

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 approximately 22 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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