Virginia Beach, Virginia: Michael B. Divaris, President of Divaris Real Estate, Inc., announced the expansion of Town Center Fitness to 4,621 square feet of space in The Town Center of Virginia Beach. Town Center Fitness opened its facility on January 3, 2005, at 220 Town Center Drive, on the second floor of the southeast retail building on Block 4, above Red Star Tavern.
“Since our grand opening in January, Town Center Fitness has grown beyond our first year expectations,? said Tom Purcell, owner of Town Center Fitness. “The business plan is really paying off — having a first-class fitness center in a Class A office building and catering to the executives and residents of The Town Center/Pembroke area. The convenience of having this amenity within walking distance of our members’ offices and homes has proven a successful strategy to exceed our membership goals.?
“It’s great to see so many area executives taking advantage of all that Town Center Fitness has to offer. A fitness facility is just one more bonus feature to locating a business in The Town Center of Virginia Beach,? according to Divaris, the leasing and management agents for the property. “Just like proximity to banks, restaurants and other top companies, a fitness facility nearby helps our tenants with employee retention and increased productivity.?
The new addition will feature spin bicycle classrooms and more resistance machines. Town Center Fitness offers state-of-the-art fitness equipment as well as an executive atmosphere. Corporate and individual memberships to Town Center Fitness include: Precor strength and cardiovascular equipment, Hampton free-weights, a variety of functional training equipment, aerobic, yoga and pilates classes, cardio theater audio and video experience, free fitness orientations, certified personal training, dietary evaluations, locker rooms and showers, towel service, massage therapy and chiropractic care. The facility also features free parking, upgraded safety features including camera monitoring, computer check-in, building security and 24-hour access with personal training.
Leased by Divaris Real Estate, Inc., and managed by Divaris Property Management Corp., The Town Center of Virginia Beach is being developed and constructed by Armada Hoffler. The Town Center of Virginia Beach is located at the core of the City’s Central Business District. Once complete, The Town Center will span over 17 city blocks and provide a mix of Class A office, multilevel upscale retail, deluxe residential, The Sandler Center for the Performing Arts and an array of cafes and restaurants and deluxe business hotels. Other office tenants in The Town Center include: Bank of America; UBS Financial Services; Armada Hoffler; Morgan Stanley; Willcox & Savage; Cherry Bekaert & Holland; Pender & Coward; Senator George Allen; Thomas Rutherfoord; Morgan Stanley; Divaris Real Estate; Troutman Sanders; Faggert & Frieden; Williams Mullen; Mass Mutual; Legg Mason; and the Virginia Beach Department of Economic Development.
Keith Pezzella and Maureen Rooks, of DRE’s Virginia Beach office, represented the landlord, Armada Hoffler Tower 4, LLC, in the lease negotiations.
Divaris Real Estate, Inc., is headquartered in Virginia Beach, Virginia with offices in Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; and Rockville, Maryland. It is 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 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.