Interstate Corporate Center Signs, Renews Leases with Several Tenants

Posted on September 09, 2009  /  in News Releases  /  No Comments

Norfolk, Virginia:  Michael B. Divaris, president Divaris Real Estate Inc. (DRE), announced the signing and renewal of several leases for office space in the Divaris-leased  and –managed Interstate Corporate Center located at the intersection of Interstate 64 and Interstate 264 in Norfolk, Va.   Leases for a total of 19,120 square feet of office space were secured over the past quarter.

Two new leases for a total of 5,194 square feet were signed with American Systems for 3,642 square feet of office space, and Tom James Company for 1,003 square feet.

Several leases were renewed for a total of 13,926 additional square feet of office space with the following existing tenants:  The Barry Robinson Center for 3,231 square feet, Coastal Prosthetics & Orthotics, LLC for 3,801 square feet,   Securewest International for 2,754 square feet, Telemessaging Services, Inc. for 2,017 square feet, Lee Hecht Harrison, LLC for 1,552 square feet and finally with Junior Achievement for 1,120 square feet.

The tenants join over 150 international, national and local firms in Interstate Corporate Center, including Best Buy, Geico, the State of Virginia, and Senior Services of Southeastern Virginia.  The office complex is comprised of 17 one- and two-story office buildings, totaling approximately 440,000 square feet, on 35 landscaped acres.

Elizabeth Newbill, leasing and sales associate in DRE’s suburban Norfolk office, represented the landlord, ICC Norfolk Flexx Office LLC, in the lease negotiations.
Divaris Real Estate Inc. and Divaris Property Management Corp. comprise one of the largest commercial and industrial property management, leasing and brokerage groups on the U.S. eastern seaboard, servicing client needs in the Mid-Atlantic and Southeastern states. Founded in 1974, the Divaris Group maintains offices in Virginia Beach, Chesapeake, Downtown and Suburban Norfolk, Newport News, and Richmond, Va.; Charlotte, N.C.; and Rockville, Md.  It currently manages and/or leases in excess of 24 million square feet of prime office, retail and industrial space.

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.


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