DRE’s Richmond Office Leases 35,457 Square Feet of Space

Posted on November 30, 2016  /  in News Releases  /  No Comments

RICHMOND, VIRGINIA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of six leases totaling 35,457 square feet of new and renewed commercial space in central Virginia. Negotiations were handled by the agents of DRE’s Richmond office.

Rite Aid renewed its lease for 13,652 square feet of retail space in the Divaris-leased and -managed 360 West Shopping Center located at 7228 Hull Street Road in Richmond, Virginia. Rite Aid is the largest drugstore chain on the East Coast and the third-largest in the United States, employing roughly 89,000 associates. House of Hair renewed its lease for 2,079 square feet of retail space in 360 West Shopping Center as well. The pharmacy and beauty salon are joined by co-tenants in 360 West that include: Dollar General, AutoZone, Subway, and Cricket Wireless. DRE’s Sara Goodall represented the landlord, HSW, LLC and RMW2, LLC, in both lease renewals.

Epic Healthcare leased 8,844 square feet of office space in the Divaris-leased and –managed Fountain Park located at 9325 Midlothian Turnpike in Richmond. The Epic Health Services family of companies provides pediatric skilled nursing, therapy, developmental services, and home medical solutions, including enteral nutrition, respiratory, specialty pharmacy, and medical supplies to medically fragile children across the United States. DRE’s Steven Lindsay and Madures represented both the tenant and the landlord, Midlothian Partners of Virginia LLC, in the lease negotiations.

Materials Software Systems leased 967 square feet of office space in Fountain Park, as well. Materials Software System Inc. (MSSI) is a global information technology (IT) services company providing IT consulting, technology and outsourcing services. Lindsay and Madures represented the landlord in the lease negotiations.

Bookbinders extended its lease for 8,115 square feet of retail space in the Divaris-leased Phillip Morris Building at 2306 East Cary Street in Richmond. The family-owned steak and seafood restaurant is joined by Meridien Energy, H&L Partners and Native Collab in the building. DRE’s Read Goode represented the tenant while Brett McNamee and Ali Newton of Divaris handled the lease negotiations on behalf of the landlord, F.C. Phillip Morris, LP.

ProNails renewed its lease for 1,800 square feet of retail space in the Divaris-leased Waynesboro Town Center located at 740 Town Center Drive in Waynesboro, Va. The nail salon is joined by Target, Bed Bath & Beyond, Ross Dress for Less, Michael’s, PetSmart, and Kohl’s in the regional power center. Waynesboro Town Center is situated off Interstate 64 between Charlottesville and Interstate 81. DRE’s McNamee and Newton represented the landlord, Waynesboro Town Center, LLC, in the lease negotiations.

About Divaris Real Estate
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; 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 26 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, (http://www.realtyresources.org/) 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, (http://www.corenetworkcre.org/) 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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