Williamsburg, Virginia: Gerald S. Divaris, chairman/CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Factory Card & Party Outlet for 9,375 square feet of retail space at The Marquis in Williamsburg, Va., one of the first “power town��? developments on the Virginia Peninsula.
Factory Card & Party Outlet is a one-stop special occasion superstore. It operates from nearly 200 retail stores in 20 states and an online Web store at www.factorycard.com.
The Marquis, a one-million-square-foot, mixed-use, open-air entertainment and retail center, is anchored by JC Penney, Best Buy, Target and Kohl’s. Developed by Premier Properties USA Inc., the property is located at the intersection of Interstate 64 and Route 199, adjacent to Water Country USA.
The first phase of The Marquis opened in late 2007. DRE is the exclusive leasing agent for the property.
Brett Womack and Debbie Wake, of DRE’s Richmond office, represented the landlord, Premier Properties USA Inc., in the lease negotiations with the tenant, Factory Card & Party Outlet.
Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, Newport News, and Richmond, Va.; Charlotte and Winston-Salem, N.C.; Atlanta, Ga.; 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 25 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.