Gerald S. Divaris

COMMERCIAL REAL ESTATE SPECIALISTS

GERALD S. DIVARIS

Chairman/CEO

Gerald Divaris is the Chairman of the Divaris Group of companies which includes Divaris Real Estate, Inc. (DRE) and Divaris Property Management Corp. DRE is a full-service brokerage firm with a portfolio of approximately 26 million square feet in management and leasing assignments. The Company currently employs over 125 people and has offices in six cities on the East Coast of the United States and one in California. Gerald heads up Divaris Real Estate’s Retail Leasing Division and Development Services Division, nationally. Also, he is one of the founders of Realty Resources, the nationwide network of brokers specializing in retail real estate and serves on its Executive Board of Directors. He sits on Tidewater Community College’s Advisory Board of its School of Retail. He is Chairman of the Board of Directors of the Hilton Club of New York.

The Round Table of Tidewater Business Leaders selected Gerald to be the recipient of the 2003 Business Leader of the Year Award, citing his years of numerous and successful real estate undertakings throughout the world. The mayor of Virginia Beach nominated him for the award. He was appointed by Virginia’s Governor to serve a four-year term on the Virginia Real Estate Board that oversees the state’s licensed real estate agents and brokers. His term of office expired in June 2004. Presently, he sits on the Virginia Real Estate Board Advisory Council. He is a member of the Hampton Roads Economic Development Alliance, and is a former Board of Directors member of WHRO’s public radio and television stations. He also serves on the Executive Boards of several organizations, including: The Virginia Beach Central Business District Association and the Sandler Center for the Performing Arts Foundation. He is a member of the Board of Directors of TowneBank, Virginia Beach, VA. Additionally, he is a member of The International Council of Shopping Centers (ICSC). On May 9, 2011, Inside Business named Gerald Divaris as the 23rd Most Influential Person on a list of 75 people who shape and influence Hampton Roads, Virginia, in its first ever “Power Issue.”

In 1976, Gerald Divaris received his Master of Business Science degree in real estate marketing from the University of Cape Town, South Africa. Prior to that, in 1971, he earned a Bachelor of Business Science degree, with honors in accounting. In 1982, Divaris Real Estate opened its first office in the United States, in Virginia Beach, Virginia.

Born into a family of retailers. Gerald and Michael Divaris naturally gravitated towards retailer representation, with Gerald Divaris heading up that business unit. Today, the Divaris Group represents over 75 retailers in their store development programs. The national tenants that Gerald Divaris personally represents include: Kohl’s; Lowe’s; Best Buy; Ross Dress For Less; LA Fitness; R/C Theatres; GAP/Old Navy; Banana Republic; Staples; Sprouts; Bob’s Discount Furniture; “Boutique” Hotel Chain; TowneBank; Bed Bath & Beyond; and P.F. Chang’s.

Gerald Divaris is a visionary who understands the connection and synergy between the real estate asset classes. He has worked as a consultant in both the pre-development and development phases of numerous major mixed-use projects nationally and internationally during his career. His vision and determination were responsible for the development of The Town Center of Virginia Beach. Recognized by many Institutional Investors as a creative force in envisioning new projects, as well as revitalizing old assets, Gerald has earned the respect and praise of many distinguished clients.

Gerald Divaris has worked as a consultant in both the leasing, pre-development and development phases of numerous major “mixed-use” and iconic projects during his career. These include:

ProjectDescriptionClient
Atlantic Station, Virginia Beach, VAA Virginia Beach mixed-use oceanfront development with three stories of retail and a residential condominiumSunsations International
Boutique Hotel Chain - National USAA new "boutique" hotel concept launched by a national retailer and DDK Hotels to capitalize on their extensive data bank of potential clients. It will offer a new cutting edge hotel concept with retail at its base and an exciting environment for today's traveling customer.DDK Hotels/National Retailer
City Walk, Virginia Beach, VA400,000-sq ft ?Main Street? style development in Virginia Beach?s Central Business District, PembrokeL.M. Sandler & Sons
The Clifton, Cape Town, South AfricaExisting hotel located on the famous Clifton beaches of Cape Town, South Africa. Was redeveloped and converted into 12 luxury residential condominiums.Ingenuity Development Partners
Columbus Village, Virginia Beach, VAA mixed-use urban city center complex in Virginia Beach?s Central Business District comprising high rise office, residential and retail uses with structured parking.Klaff Realty
Dam Neck Center, Virginia Beach, VAA mixed use development comprising retail, office, hotel and residential at the corner of Dam Neck Road and General Booth Boulevard in Virginia Beach, VA. This $200 million project will include a major new grocery store making its first entry into the market.McLeskey & Associates
Eastlake Square, Pinellas Park, FLRe-merchandising and redevelopment of existing two level regional mall into a ?big box? retail center anchored by Target and a state-of-the-art multi-screen cinema complex. 1 million sq-ft.John Hancock Life Insurance Co.
Endview, Newport News, VAA ?legacy village? comprising residential, office, retail and cultural elements in Newport News, VAL.M. Sandler & Sons
Fort Monroe, Hampton, VA572-acre ?island? military base in the Chesapeake Bay, with over 1.0 million s.f. of offices, 292 residential units, retail facilities, a marina, recreational amenities, etc. The former military base will be redeveloped into an attractive, destination town which will maintain its history but also enjoy its numerous locational attributes and vistas. Fort Monroe Federal Area Development Authority
Gateway Center, St. Petersburg, FL100-acre mixed-use town center in St. Petersburg, FL Grady Pridgen Inc.
Harbor Marketplace, Myrtle Beach, SC480,000-sq-ft retail complex in Myrtle Beach, SC AIG Global Real Estate
Harbour View, Suffolk, VA1,000-acre mixed-use office, hotel, retail, residential, and industrial complex in Suffolk, VALandonomics/Terry Peterson
The Hyatt Hotel Complex, Virginia Beach, VAA 20-story Hyatt House and a 19-story Hyatt Place Hotel with a three-story 19,000 sq-ft retail and restaurant pavilion on the Virginia Beach oceanfront. This $110 million development will offer the only Hyatt products on the oceanfront.27th Street Developer LLC
Marquis, Williamsburg, VA1 million-sq-ft power center in Williamsburg, VA Premier Properties/Cavalier Marquis Investors
netp@rk.tampabay, Tampa, FL1 million-square-foot regional mall conversion into a super, regional office center in Tampa, FLJohn Hancock Life Insurance Co.
Netcenter, Newport News, VA900,000-sq-ft regional mall conversion into a mixed-use retail and office complex in Newport News, VA ESG Enterprises/Concord Partners
Ocean Walk, Virginia Beach, VAMixed-use retail and residential complex on Virginia Beach?s oceanfrontKellam Family Interests
Phoenix Industrial Park, Durban, South AfricaMixed-use, light industrial and commercial park comprising 600 acres, outside Durban, South AfricaSanlam Life Insurance Co.
Port Anne, Williamsburg, VAA 120 unit PUD development on the water in historic Williamsburg. This exclusive community with private roads, club house and exclusive homes is within walking distance of the world famous historical area of Colonial Williamsburg.Port Anne Associates
Rock Spring Centre, Bethesda, MDAn upscale, mixed-use town center-style development in Washington DC?s most affluent suburb, Bethesda, MDThe Penrose Group
San Lameer, Margate, Natal, South Africa1,700-unit condominium hotel with retail, residential and hospitality, on Natal?s Indian Ocean Sanlam Life Insurance Co.
Severna Park Square, Severna Park, MDExisting enclosed mall and attached strip shopping center was redeveloped into a ?big box? retail project tenanted by major national retailers, 225,000 sq-ft.John Hancock Life Insurance Co.
Springfield Mall, Springfield, VA3-story enclosed regional mall to be re-developed, expanded and remerchandised into a mixed-use development comprising open air retail, entertainment, offices, hotels and multi-family residential. 1.4 million sq-ft.Vornado Realty Trust
Tannery Park, Cape Town, South AfricaFormer leather tannery was redeveloped into a cohesive integrated suburban office park. 70,000 sq-ft over four buildings built around a common courtyard.Ingenuity Development Partners
3556 On the Bay, Virginia Beach, VAThis is an 11-story iconic residential condominium building with 36 units and a two level parking garage built on the Chesapeake Bay in Virginia Beach, VAIngenuity Development Partners
The Town Center of Virginia Beach, Virginia Beach, VAA public/private partnership of 3 million-sq-ft major mixed use city center in Virginia Beach, VA, including two hotels, 1 million sq-ft of offices, 475,000 sq-ft of retail, 800 residential units, 5 parking garages, two performing arts theaters, and public open air venues.City of Virginia Beach/Armada Hoffler Development Co.
The Village at Valley Forge, King of Prussia, PA1 million-sq-ft, mixed-use town center with 3,000 residential units, retail and offices, and The Children?s Hospital in King of Prussia, PA Northwestern Mutual/Realen Properties
Waterfront/Cape Town, South AfricaMajor mixed-use redevelopment of Cape Town?s harbor/waterfront, including residential, hotel, retail and conference center Dept. of National Education, Government of the Republic of South Africa

GeraldDivaris_BWwebVirginia Beach Office
Phone: 757.497.2113
Email: gdivaris@divaris.com
 

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