DRE Completes Three Retail Leases for 
Over 10,000 Square Feet in Virginia Beach

Posted on April 12, 2013  /  in News Releases  /  No Comments

VIRGINIA BEACH, VIRGINIA:  Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc. (DRE), announced the completion of three leases for retail space at Southgate Commons, Landstown Commons and Pembroke Mall in Virginia Beach.  All of the leases were handled on behalf of the landlords by Levi Thompson, vice president in the Virginia Beach office of Divaris Real Estate.

Mattress Firm signed a lease for 3,800 square feet of retail space at Southgate Commons, located at 3318 Princess Anne Road in Virginia Beach.  As one of the largest and most successful specialty bedding companies in the world, Mattress Firm currently operates over 1100 locations across 28 states.

Hwy 55 Burgers, Shakes & Fries signed a lease for 3,520 square feet of retail space in Landstown Commons, located at 3388 Princess Anne Road.  Founded in 1991, Hwy 55 will open its second store in Virginia Beach soon and begin serving up American classics from crispy onion rings to old-time rock n’ roll.

The Children’s Place signed a lease for 3,400 square feet of retail space in Pembroke Mall, located at 4554 Virginia Beach Boulevard.  Opening their sixth location in Hampton Roads, this new tenant is the largest pure-play children’s specialty apparel retailer in North America, operating over 1,000 stores.

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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