Suffolk, Virginia: Gerald S. Divaris, chairman and CEO of Divaris Real Estate Inc. (DRE), announced that a lease was signed with PetSmart for 12,192 square feet of retail space in Harbour View East shopping center located at the intersection of College Drive and Interstate 664 in Suffolk, Virginia. The tenant will join existing retailers Walmart Supercenter, Kohl’s, Bed Bath & Beyond and OfficeMax in Harbour View East.
PetSmart, Inc. (PETM) is the largest specialty retailer of services and solutions for the lifetime needs of pets. It operates more than 1,160 pet stores in the United States and Canada, and is a leading online provider of pet supplies and pet care information from its web site www.petsmart.com. PetSmart provides a broad range of competitively priced pet food and pet supplies, and offers complete pet training and pet adoption services.
The lease was negotiated on behalf of the tenant by Divaris’ Debbie Wake, senior vice president, retail sales and leasing in the Richmond office of Divaris Real Estate. DRE is the exclusive tenant representative for PetSmart in the Commonwealth of Virginia and has secured approximately one dozen locations in Hampton Roads, central and western Virginia markets. PetSmart is one of over 75 retailers nationwide that are represented by Divaris in their search for new sites.
Divaris Real Estate Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, downtown and suburban Norfolk, Newport News, and Richmond, VA; Charlotte, NC 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 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, 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.