Ross Stores Joins Colonnades West Shopping Center

Posted on March 18, 2009  /  in News Releases  /  No Comments

Richmond, Virginia: Gerald S. Divaris, chairman/CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Ross Stores for 25,600 square feet of retail space in Colonnades West Shopping Center, a 136,000-square-foot shopping center, located on West Broad Street in Glen Allen, Va.

Ross Stores Inc., a Fortune 500 and Nasdaq 100 (ROST) company headquartered in Pleasanton, Calif., is the nation’s second largest off-price clothing company.  As of January 31, 2009, the company operates 904 Ross Dress for Less stores and 52 dd’s discount stores. Ross joins Marshall’s, Shoe Carnival, Office Max and Men’s Wearhouse in the center.

Gerald Divaris and Senior Vice President Debbie Wake, of DRE’s Richmond office, represented the tenant in the lease negotiations. Divaris Real Estate exclusively represents Ross Stores Inc. in Hampton Roads, Richmond and Western Virginia.  In the past two years, DRE has secured sites for Ross Stores in Chesapeake, Christiansburg, Danville, Lynchburg, Newport News, Roanoke, Richmond and Virginia Beach, Va.

Divaris Real Estate Inc. is headquartered in Virginia Beach, Va. with offices in Chesapeake, Newport News, and Richmond, Va.; Charlotte, 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 25 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.


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