Virginia Beach, Virginia: Michael B. Divaris, president of Divaris Real Estate Inc. (DRE), announced the renewal of a lease with Hampton University for 16,551 square feet of office space located at 253 Town Center Drive, in the highly successful Town Center of Virginia Beach.
Hampton University is a progressive institution of higher education located in southeastern Virginia. The school has grown into a comprehensive university providing a broad range of technical, liberal arts, pre-professional, professional, and graduate degree programs. Hampton University has over 5,700 students who come from 49 states and 35 territories and nations.
The Virginia Beach campus of Hampton University opened in August of 2003 and is located in the Armada Hoffler Tower of the Town Center of Virginia Beach. The College of Virginia Beach provides students, faculty, and business/government clients a state-of-the-art educational and instructional environment. The Hampton University College of Virginia Beach offers fully accredited degree programs at both the graduate and undergraduate levels. Some of these programs include Hotel and Resort Management and Nursing at the undergraduate level. At the graduate level, Elementary Education, Educational Administration and Supervision, Special Education Learning and Behavior Disorders and Special Education Serious Emotional Disorders are offered.
Michael Divaris, Vivian Turok and Krista Costa, of DRE’s Virginia Beach office, represented the landlord in the lease negotiations.
The Town Center of Virginia Beach is leased by Divaris Real Estate Inc. and is managed by Divaris Property Management Corp. The Town Center of Virginia Beach is being developed by Armada Hoffler Holding Company. Other office tenants in The Town Center include: Armada/Hoffler; Bank of America; CitiBank; City of Virginia Beach’s Economic Development Authority; Divaris Real Estate Inc.; Fidelity National Insurance; Health Net; Thomas Rutherfoord Inc.; Troutman Sanders LLP; UBS Financial Services; Wilcox & Savage; the local CBS affiliate; and U.S. Senator James Webb.
Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, Newport News, and Richmond, Va.; Charlotte, N.C.; 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 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.