L E A S I N G   &   M A N A G E M E N T PetSmart-anchored Broad Creek Crossing is located in the Military Circle submarket of Norfolk, across from JANAF Shopping Center. It is one of several retail properties added to the leasing and management portfolio of Divaris Real Estate and Divaris Property Management Corp. DPMC's Excellence is Rewarded with Assignments VIRGINIA BEACH, VIRGINIA – In today's competitive real estate market, choosing a commercial property management firm is one of the most important decisions investors can make. Qualified, seasoned and resourceful real estate managers can obtain the greatest return on an asset by improving cash flow, retaining tenants and increasing the property’s value. In their quest for the right third-party property manager, landlords on the East Coast recently have expanded Divaris Property Management Corp’s existing management portfolio.  Holding the prestigious Accredited Management Organization (AMO) designation, DPMC is comprised of skilled commercial real estate managers, who are knowledgeable in all facets of the industry. “The principals and department heads stay extremely active in the day-to-day operations,” said Susan Collins, director of property management for Divaris.  “Our managers are in constant communication with their owners and work hard to build solid relationships.  The back-office departments are constantly training, strengthening and honing their skills to be the most thorough and knowledgeable in the industry.  We have developed strict management practices for consistency and thoroughness, throughout the organization.” With offices in Atlanta; Charlotte and Winston-Salem, N.C.; Chesapeake, Newport News and Richmond, Va.; and Rockville, Md., the Virginia Beach, Va.-based company handles the management of prime retail, Class A office, industrial and mixed-use developments in Pennsylvania, Maryland, Virginia, North and South Carolina, Tennessee, Georgia and Florida.  In 2007, DPMC was appointed to manage several new properties along the east coast.  In the Carolinas, Biltmore Eight LLC selected DPMC to manage its 500,000-square-foot Biltmore Square Mall in Asheville, N.C.; and in North Charleston, S.C., North Charleston Associates chose the company to handle the management of its 192,729-square-foot Northwoods Market Place.  On-site manager Sharon Morgan is responsible for the management of Biltmore Square Mall; and Teresa Cauble, property manager of Divaris’ Charlotte office, is managing Northwoods Market Place. Throughout Virginia, DPMC has many new management assignments as well, including four Armada Hoffler properties in Southside Hampton Roads:  Broad Creek Shopping Center, a 66,796-square-foot retail center in Norfolk; Gainsborough Square, 88,838-square-foot center in Chesapeake; and in Virginia Beach, Indian Lakes Shopping Center, a 65,152-square-foot development, and Parkway Marketplace, a 26,602-square-foot retail center.  Senior Property Manager Darlene Crick, of DPMC’s Virginia Beach office, is responsible for the management of these properties.   Additionally, the 135,720-square-foot Kroger Center at Wards Corner in Norfolk has been added to Divaris’ retail portfolio. On the Virginia Peninsula, the latest property added to Divaris’ management portfolio is AJFA Associates’ Newport Marketplace in Newport News.  The 125,441-square-foot shopping center is managed by Denise Wollesen, property manager of Divaris’ Peninsula office.   Four Newport News office buildings have also come under the management of DPMC, including 62,971-square-foot The Atrium, 33,220-square-foot Rock Landing II, and Rock Landing IV and V, both of which are 18,125-square-foot Class A properties.  And in central Virginia, DPMC is now managing 700 Centre, a 163,000-square-foot property situated in Richmond for owners Franklin Centre Operating Associates LP, and Archway 60, a 64,000-square-foot office building.   Property Manager Angela Dunham, of DPMC’s Richmond office, is handling these management assignments.  The right property management firm provides the management expertise, financial stability, professional excellence and integrity that is essential in keeping clients.  But what it all comes down to are the relationships that the property managers build.   “Each property owner has different expectations.  But, ultimately, they all want to feel that their property is getting the required attention,” said Collins, “And that’s what we do.  We deal with issues when they come up.  We prevent fires before they occur.  We customize our monthly reports per their request.  We visit sites weekly.  They get what they need from us and more.”   Divaris Real Estate, Inc. One Columbus Center, Suite 700 Virginia Beach, VA 23462 TEL: 757.497.2113 FAX: 757.497.1338 info@divaris.com
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