Racehorse Properties, LLC Purchases Office Building in Virginia Beach

Posted on February 24, 2004  /  in News Releases  /  No Comments

Virginia Beach, Virginia: Michael B. Divaris, president of Divaris Real Estate, Inc. announced the sale of a 31,723 square feet office building located at 4705 Columbus Street in Virginia Beach, Virginia to Racehorse Properties, LLC.

Racehorse Properties, LLC was formed by the principals of Huff, Poole & Mahoney, P.C.  Huff, Poole & Mahoney, P.C. has occupied the building since May 1989.  Divaris will continue to lease the remaining 6,000 square feet of surplus space.

Huff, Poole & Mahoney, P.C. is a full service law firm which focuses mainly on business transactions, complex litigation and family law.  The firm also practices administrative law, commercial real estate, trusts and estates, personal injury, collections and creditors’ rights, health care law and criminal defense. The company represents clients throughout Virginia, North Carolina, Maryland and Washington D.C.

Michael Divaris, Alex Divaris and Jason Oliver of DRE’s Virginia Beach office represented the seller, TCC-Essex, LLC, in the sale negotiations.  Read Commercial Properties represented the buyer.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, Virginia with offices in Norfolk, Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; Rockville, Maryland; and Boca Raton and Tampa, 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, Inc. 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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