Virginia Beach, Virginia: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc., announced the signing of a lease with SuperValu for a new Farm Fresh grocery store in the Haygood Shopping Center which is located on Independence Boulevard in Virginia Beach, Virginia. The 58,000-square-foot store will be a new prototype Farm Fresh unit. This shopping center is in the process of being renovated and additional space has been added to accommodate the new grocery store.
In August of 1999, SUPERVALU purchased Richfood and all of its subsidiaries, including Farm Fresh. SUPERVALU is the nation’s largest food distributor to supermarkets and the 10th largest retailer. Farm Fresh is recognized as the premiere grocer in the Hampton Roads area. Farm Fresh currently employs 4,400 associates and has 37 store locations. SUPERVALU is recognized among Fortune’s most admired companies.
The lease was negotiated by Gerald Divaris on behalf of the Landlord, Haygood Shopping Center LLP. The Shopping Center Group represented the Tenant.
Divaris Real Estate, Inc. is headquartered in Virginia Beach, Virginia with offices in Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; Rockville, Maryland; and Boca Raton, Florida. It is 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 United States. 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.