July 25, 2007

MECHANICSVILLE, VIRGINIA:  John Wingfield, principal of the Richmond office of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Best Buy for 30,000 square feet of retail space in Bell Creek Commons, located on Bell Creek Road in Mechanicsville, Va.  Best Buy joins Chick-Fil-A at the shopping center.

    Best Buy is one of the nation’s leading retailers of technology and entertainment products and services.  Founded in St. Paul, Minn. in 1966, Best Buy stores reach an estimated 300 million consumers per year, in 48 states and online.

    Debbie Wake, of DRE’s Richmond office, represented Best Buy in the lease negotiations with the landlord, EDCO LLC.  Wake is assisting Best Buy with its expansion plans throughout central and western Virginia.

    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.  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 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.