rue21 Leases 5,000 Square Feet in Williamsburg’s Monticello Marketplace

Posted on July 13, 2010  /  in News Releases  /  No Comments

Williamsburg, Virginia:  Gerald S. Divaris, chairman and CEO of Divaris Real Estate Inc. (DRE), announced that a lease was signed with rue21 for 5,000 square feet of retail space in Monticello Marketplace located at 4600 Monticello Avenue in Williamsburg.  The tenant will join existing retailers Target, TJ Maxx and Ukrops in the shopping center.

rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends, at a great value. The company is headquartered in Warrendale, Pennsylvania and specializes in the sale of women’s, men’s and children’s apparel and related footwear, accessories, jewelry and fragrances.  At the end of the first quarter of fiscal 2010, rue21 operated 565 stores in 43 states. More about the company can be found on their web site at www.rue21.com.

The lease was negotiated with the landlord, Monticello Marketplace Associates, on behalf of the tenant by Mary McGovern, senior vice president of retail leasing and Sezin Cortinas, retail leasing and sales associate in the Virginia Beach office of Divaris Real Estate, Inc.

Divaris Real Estate Inc. is headquartered in Virginia Beach, VA with offices in Chesapeake, downtown and suburban Norfolk, Newport News, and Richmond, VA; Charlotte, NC 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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