Virginia Beach, Virginia: Gerald S. Divaris, chairman/CEO of Divaris Real Estate Inc. (DRE), announces the signing of a sublease with Saffron Indian Bistro for 2,289 square feet of retail space in the former Johnny Rockets space, located in Block 10 of the highly successful Town Center of Virginia Beach.
This is the second location for the owners; the first restaurant, Spice of India, is open in Chesapeake, Va. Saffron Indian Bistro’s first Virginia Beach, Va location will be at the corner of Columbus Street and Town Center Drive in the Cosmopolitan luxury apartment building.
Other restaurants in The Town Center of Virginia Beach include: Ruth’s Chris Steak House; The Cheesecake Factory, P.F. Chang’s China Bistro, California Pizza Kitchen, Coldstone Creamery, Red Star Tavern, Town Center City Club, Zushi Japanese Bistro, Daily Grind Unwind; The Funny Bone Comedy Club & Restaurant; Gordon Biersch Brewery Restaurant; Guadalajara; Keagan’s Irish Pub & Restaurant; McCormick & Schmick’s Seafood Restaurant; The Royal Chocolate; Bravo! Cucina Italiana; and Sonoma Wine Bar & Bistro.
The sublease was negotiated by Sezin Cortinas of DRE’s Virginia Beach office, representing the Subtenant, Saffron Indian Bistro. The project is being developed by Armada Hoffler Holding Company. The Town Center of Virginia Beach is located at the core of the City’s Central Business District at Pembroke. Spanning over 17 city blocks, The Town Center provides a mix of Class A office, multilevel upscale retail, deluxe residential, the Sandler Center for the Performing Arts and an array of cafes, restaurants and deluxe business hotels, including a four-star Westin Hotel. The Town Center of Virginia Beach is leased by Divaris Real Estate Inc. and is managed by Divaris Property Management Corp.
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.