Kohl’s to Open 68,890-Square-Foot Store in Virginia’s Waynesboro Town Center

Posted on December 07, 2007  /  in News Releases  /  No Comments

Waynesboro, Virginia: John Wingfield, principal of the Richmond office of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Kohl’s for 68,890 square feet of retail space in Waynesboro Town Center in Waynesboro, Va.

 

Located midway between Harrisonburg and Charlottesville, Va., Waynesboro TownCenter on the site opened Fall of 2007 on the former Waynesboro Outlet Village.  Kohl’s joins Petsmart, Target and Michael’s at the 400,000-square-foot mixed-use, “town center-style” development.

Founded by the Kohl family in 1962, Kohl’s has 930 locations planned or in operation throughout the country. The average Kohl’s store is 86,500 square feet and is conveniently located in suburban areas, with easy access and ample parking.

CEO/Chairman Gerald Divaris and Senior Vice Presidents Brett Womack and Debbie Wake, of DRE’s Richmond office, represented the tenant, Kohl’s, in the lease negotiations. Divaris Real Estate is working with Kohl’s in executing its expansion strategy into the major markets of Southeastern, Central and Western Virginia.

As exclusive leasing agent for Waynesboro Town Center, DRE also represented the landlord, Collett Development Co., in the lease negotiations.

  Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, Newport News, and Richmond, Va.; Charlotte and 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 25 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.

 

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