North Myrtle Beach, South Carolina: Gerald S. Divaris, Chairman of Divaris Real Estate Inc. (DRE), announced that a lease was signed with Harbor Freight Tools for 12,000 square feet of retail space in the former Rex electronics and appliances store located at 851 Highway 17 South in North Myrtle Beach, S.C.
Diana Teitsma, principal of the Charlotte, North Carolina office of Divaris Real Estate, represented the landlord, Klaff Realty, LP in the lease negotiations. Teitsma is charged with the surplus disposition of nine Rex stores in North and South Carolina, Virginia and Tennessee. To date, this is the sixth Rex property that has been leased or sold.
Harbor Freight Tools has become the largest tool and equipment catalog retailer with stores nationwide. Since the company started in 1968, over 10 million customers have enjoyed their low prices and lifetime warranties on over 7,000 products in the following categories: power tools, air tools, hand tools, automotive and motorcycle, lawn and garden, welding, engines and generators, garage and shop, and materials handling.
Divaris Real Estate Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, downtown and suburban Norfolk, Newport News, and Richmond, VA; Charlotte, NC 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.