DRE Completes Five Leases for Retail Space in Hampton Roads

Posted on May 20, 2013  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the completion of five leases for retail space in Chesapeake, Norfolk and Virginia Beach.  All of the leases were handled on behalf of the tenants by agents in the Virginia Beach office of Divaris Real Estate.

T-Mobile signed three leases for 4,225 square feet of total retail space.  The cellular telephone company will occupy 1,600 square feet in KempsRiver Crossing at 1345 Kempsville Road in Virginia Beach, 1,500 square feet in Southern Shopping Center at 7525 Tidewater Drive in Norfolk and 1,125 square feet in Indian River Shoppes at 4214 Indian River Road in Chesapeake. DRE’s Erica Meekins, vice president of retail, represented the tenant in all three lease negotiations.

Original Mattress Factory signed a lease for 2,400 square feet of retail space in Sam’s Circle located at 1508-1510 Sam’s Circle in Chesapeake. With this lease, Original Mattress Factory is relocating to a larger space in the shopping center. The company is headquartered in Cleveland, Ohio, and has 11 factories, over 100 showrooms and more than 400 employees. Meekins represented the tenant in the lease negotiations.

Firehouse Subs signed a lease for 1,800 square feet of retail space in Strawbridge Marketplace, located at 2165 General Booth Boulevard in Virginia Beach.   Founded by former firefighting brothers Chris Sorensen Robin Sorensen, Firehouse Subs began in 1994 in Jacksonville, FL. Now the company has more than 600 locations across 35 states and one U.S. territory (Puerto Rico). Firehouse Subs was represented in the lease negotiations by David Redmond and Levi Thomson in the Virginia Beach office of Divaris Real Estate, Inc.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, 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 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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