Chesapeake, Virginia: Gerald S. Divaris, Chairman of Divaris Real Estate Inc. (DRE), announced the renewal of a lease with Pirate’s Cove Restaurant for 3,200 square feet of retail space in the Divaris–leased and –managed Gainsborough Square, located at 109 Gainsborough Square in Chesapeake, Va. The shopping center borders a well developed, heavily traveled corridor of Battlefield Boulevard and is situated between the new Oak Grove Connection of the Great Bridge Bypass.
Pirate’s Cove Restaurant is a seafood restaurant, which has had its only location in Gainsborough Square for over five years. They join Food Lion, Navy Federal, Rite Aid, Subway, The UPS Store, Super Cuts and All About Bikes in Gainsborough Square.
The landlord, Armada/Hoffler Charleston Associates, LP, was represented in the lease negotiations by David Redmond and Melinda Simons, both of whom are retail leasing associates in the Virginia Beach office of DRE.
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.; 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, 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.