Off Broadway Shoes Leases 21,305 Square Feet in Newport News

Posted on February 18, 2005  /  in News Releases  /  No Comments

Newport News, Virginia: Gerald S. Divaris, Chairman and CEO of Divaris Real Estate, Inc. announced the signing of a lease with Off Broadway Shoes, Inc. for 21,305 square feet of retail space in Jefferson Commons, located at 12551 Jefferson Avenue in Newport News, Virginia.

Off Broadway Shoe Warehouse, headquartered in Alpharetta, Georgia, operates stores in 14 states.  It stocks between 30,000 – 50,000 pairs of women’s and men’s footwear  and accessories — all on display and easy to find — in wide aisles and well lit stores.

Anne Millar Wright, of the Virginia Beach office of DRE, together with John Ingram of Ingram Realty Advisors, represented the tenant in the negotiations.  The landlord is Mountain Ventures Newport News, LLC and Jefferson Value Associates, LP.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, Virginia with offices in Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; Rockville, Maryland; and Boca Raton, Florida. It is an international real estate brokerage and property management company that currently manages and/or leases in excess of 20 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 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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