Ruth’s Chris to Open at The Town Center of Virginia Beach

Posted on June 02, 2004  /  in News Releases  /  No Comments

Virginia Beach, Virginia:  Gerald Divaris, Chairman/CEO of Divaris Real Estate, Inc., announced that Ruth’s Chris Steak House has signed a lease to become the ninth restaurant at the highly successful Town Center of Virginia Beach, located in the heart of Virginia’s largest city.

Ruth’s Chris Steak House will be situated on the second floor of Block 8 overlooking Town Center Plaza.  That block will also accommodate Bravo! Cucina Italiana.  The lease for approximately 10,800 square feet will include a function room and an outdoor patio area overlooking the plaza.  Strategically located at Main Street and Central Park Avenue, Block 8 will also be situated close to the Performing Arts Center.

Ruth’s Chris, headquartered in New Orleans, is the largest upscale steak house company in the world, with more than 80 fine-dining restaurants worldwide. Founded in 1965 by Ruth Fertel, Ruth’s Chris specializes in aged corn-fed US Prime beef, served sizzling.

The lease was negotiated by Gerald Divaris and Mary McGovern of Divaris Real Estate, Inc. representing both Landlord and Tenant. Divaris Real Estate is the exclusive leasing and property managers for the development.

The Town Center of Virginia Beach is located at the core of the City’s emerging Central Business District.   Spanning over 17 city blocks, The Town Center provides a mix of Class A office, multilevel upscale retail, deluxe residential, a performing arts center and an array of cafes and restaurants and deluxe business hotels.  Many restaurants have already opened or will open shortly at The Town Center.  These include P.F. Chang’s China Bistro, The Cheesecake Factory, California Pizza Kitchen, Bravo! Cucina Italiana, Red Star Tavern, Town Center City Club, D’Mustard and Cold Stone Creamery.

Men’s Wearhouse, Sumatra Salon and Spa, Cold Stone Creamery, P.F. Chang’s and California Pizza Kitchen have been operating since the spring of 2003.  Galyan’s Trading Company, a seller of upscale outdoor lifestyle goods recently opened its 84,000-square-foot, two-story store on the corner of Columbus Street and Independence Boulevard.   Eclectic Design Florists are retailers operating from The Town Center as well.

Office tenants in The Town Center include:  Morgan Stanley;  Willcox & Savage; Cherry Bekaert & Holland; Pender & Coward; Senator George Allen; Thomas Rutherfoord;  Legg Mason; Troutman Sanders; Faggert & Frieden; Armada Hoffler Construction Co.; Mass Mutual, Williams Mullen and the Virginia Beach Department of Economic Development.

The Town Center of Virginia Beach is leased by Divaris Real Estate, Inc. and managed by Divaris Property Management Corp.   The project is being developed by Armada Hoffler Holding Company.

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 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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