Virginia Beach, Virginia — Michael B. Divaris, President of Divaris Real Estate, Inc. announced the execution of a lease with Ferris, Baker Watts for 4,598 square feet of office space in The Town Center of Virginia Beach.
Ferris, Baker Watts, Incorporated is the largest full-service investment banking firm headquartered in Washington, DC. The company is a member of the New York Stock Exchange and SIPC, and is wholly-owned by its employees. The company serves clients throughout the mid-Atlantic region, providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions.
The Town Center of Virginia Beach is located in the heart of the City’s Central Business District. Once complete, The Town Center will span over 17 city blocks and provide a mix of Class A office, multilevel upscale retail, deluxe residential, a performing arts center and an array of cafes and restaurants and deluxe business hotels. Other office tenants in The Town Center include: Armada Hoffler; Morgan Stanley; Willcox & Savage; Cherry Bekaert & Holland; Pender & Coward; Senator George Allen; Thomas Rutherfoord; Troutman Sanders; Faggert & Frieden; Williams Mullen; Mass Mutual; Legg Mason; and the Virginia Beach Department of Economic Development.
Michael Divaris, Keith Pezzella and Maureen Rooks of DRE’s Virginia Beach office represented the landlord, Armada Hoffler Tower 4, LLC, in the lease negotiations. The tenant was represented in the transaction by Collier’s Pinkard.
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.