Ross Stores Leases 25,000 Square Feet in Danville, Virginia’s Coleman Marketplace

Posted on August 17, 2007  /  in News Releases  /  No Comments

Danville, Virginia:  Gerald S. Divaris, chairman/CEO of Divaris Real Estate Inc. (DRE), announced the signing of a lease with Ross Stores Inc. for 25,000 square feet of retail space in Coleman Marketplace Shopping Center, a 67-acre retail center located at the intersection of Piedmont Drive and Central Boulevard in Danville, Va.  Ross joins Dick’s Sporting Goods, Home Depot, Old Navy and Target at the shopping center.

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 Feb. 3, 2007, the company operates 771 Ross Dress for Less stores and 26 dd’s discount stores.

Gerald Divaris and Debbie Wake, senior vice president of retail sales and leasing in 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, Lynchburg, Newport News, Roanoke, and Richmond, Va.

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


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