Sam’s Wholesale Club to Open New Store in Virginia Beach’s Princess Anne Plaza

Posted on June 14, 2001  /  in News Releases  /  No Comments

Virginia Beach, Virginia:  Gerald S. Divaris, Chairman/CEO of Divaris Real Estate, Inc., announced the signing of a lease with Sam’s Wholesale Club for 140,000 square feet of retail space in the Divaris leased Princess Anne Plaza, located at 3333 Virginia Beach Boulevard in Virginia Beach, Virginia.  Other tenants in the center include Harris Teeter, Linens ‘N Things, Petsmart and Pier One.  Sam’s will occupy the space formerly leased by HQ/Home Quarters Warehouse.

SAM’S Club is the nation’s leading members-only warehouse.  It offers over 39 million members exceptional value on name-brand merchandise at “members only? prices for both business and personal use. The SAM’S Club Foundation serves SAM’S Club with stewardship, compassion, and integrity; by developing and implementing programs that support children and families through education, health, and economic development in our local communities.

John Knibb, partner and principal of DRE’s Chespeake office and also Wal-Mart’s regional tenant representative, handled the negotiations for the Tenant.  The Landlord was represented by Gerald Divaris.

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, Tampa, Fort Lauderdale, Hollywood and St. Augustine, Florida. It is an international real estate brokerage and property management company that currently manages and/or leases in excess of 28.2 million square feet of prime office, retail, and industrial space throughout the Mid-Atlantic and Southeastern states.  Divaris Real Estate, Inc. is a member of Realty Resources, a national group of independent retail property brokers and managers covering 75 major markets throughout the United States; and CORE, a national group of full-service commercial 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.Divaris Real Estate, Inc. is a member of Realty Resources, a national group of independent retail property brokers and managers covering 75 major markets throughout the United States.  This organization represents corporate and institutional clients, as well as tenants and buyers in all aspects of leasing, development, and managing properties, as well as in 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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