DRE Reps Mighty Dollar in Lease for 20,000 S.F. in Hickory, NC

Posted on May 07, 2010  /  in News Releases  /  No Comments

Hickory, North Carolina:  Gerald S. Divaris, chairman and CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Mighty Dollar for 20,000 square feet of retail space in Westover Plaza, located at 2920 Highway 127 South in Hickory, NC.

Mighty Dollar is one of over 75 retail tenant representation clients of Divaris Real Estate. Diana Teitsma, principal and Guy McBride, senior sales and leasing associate of DRE’s Charlotte, NC office, represent the discount retailer in its search for new store sites throughout North and South Carolina. Teitsma and McBride represented the tenant in its negotiations with the landlord, 2920 Highway 127 South Holdings.

Other tenants in the neighborhood shopping center include: Curves, Hoopies Pub and Restaurant, Southwest Library, New Life Church and Old German Schnitzel Restaurant.

Mighty Dollar differentiates itself from other single-priced discount stores by striving to devote approximately 70 percent of its inventory to brand named closeouts while maintaining the regularly stocked, typical dollar store merchandise.  Its average store size exceeds 20,000 square feet and can be found throughout North Carolina and Kentucky.

Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, downtown and suburban Norfolk, Newport News, and Richmond, Va.; Charlotte, N.C.; and Rockville, Md.  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 24 million square feet of prime office, retail and industrial space throughout the Mid-Atlantic and Southeastern states.  

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, as well as tenants and buyers in all aspects of leasing, development and managing properties, acquisitions and land sales. Gerald S. Divaris is chairman of the Board, and Michael B. Divaris is president of Divaris Real Estate Inc.


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