September 20, 2007

WILLIAMSBURG, VIRGINIA: Gerald S. Divaris, Chairman/CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with DSW Shoe Warehouse for 14,500 square feet of retail space in The Marquis located at he intersection of Route 199 and Interstate 64 in Williamsburg, Virginia. The Marquis is one of the first “power-town” developments to be constructed on the Virginia  Peninsula.

     DSW Shoe Warehouse originated in Dublin, Ohio and has  grown to 242 stores from coast to coast. Since it’s inception in 1991, DSW has developed into a distinctive retail concept  that  allows customers to personalize their shopping experience by offering an
assortment  of  shoes that are accessible, easy to shop, and  fill a broad range of customer needs and wants. This transaction marks DSW’s third location in Hampton Roads, Va.
  
 Along with JC Penney, Best Buy, Target, Dick’s Sporting Goods, Kohl’s, and ULTA, DSW Shoe Warehouse will anchor The Marquis, a one-million-square-foot, mixed-use, open-air  entertainment and retail center.  Developed by Premier Properties USA Inc., the property is adjacent to Water Country USA.

    Gerald Divaris represented the landlord, Premier Properties USA Inc., in the lease negotiations, while Mary McGovern and  Sezin Cortinas, of  DRE’s Virginia Beach office, represented the tenant.

    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, Newport News, and Richmond, Va.; Charlotte and Winston-Salem, N.C.;  Atlanta, Ga.;  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.