VIRGINIA BEACH, VIRGINIA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of a lease with Twist Martini & Associates for 2,442 square feet of retail space in the Town Center of Virginia Beach. It will be located in the northeast corner of the block that contains Westin Hotel and Residences and parking garage, in the space previously occupied by Havana Nights.
Twist Martini will operate an eclectic full-menu, dine-in restaurant featuring an American Fare theme, including a martini bar, a cigar club and a private lounge on the second floor. They will have an outside patio area that faces the Sandler Center Plaza, where food and liquor will be served. Live entertainment will be another reason for patrons to enjoy Twist Martini. A grand opening in Town Center is planned for September 2014.
“Twist Martini will appeal to the young, vibrant professional demographic of those who live and work in the Town Center of Virginia Beach and in the Central Business District,” says Gerald Divaris.
This is the fourth new tenant to reveal its opening in the fifth phase at the Town Center of Virginia Beach. Recent announcements of new retailers to join the mixed-use development include Anthropologie, Free People and lululemon athletica. Additional new tenants, primarily fashion and soft furnishing retailers, will be announced in the very near future.
Gerald Divaris handled the lease negotiations on behalf of the landlord, Armada Hoffler Properties, Inc. The Town Center of Virginia Beach is leased by Divaris Real Estate, Inc., and managed by Divaris Property Management Corp. Kendall Davies, well-known local restaurateur, will manage Twist Martini.
Other noted retailers in The Town Center include Brooks Brothers, LOFT, Origins, Cache’, Johnston & Murphy, Sunglass Hut, Men’s Wearhouse, bevello, Louis Jones Art Gallery, and Dick’s Sporting Goods. Recent openings include Destination Maternity and IT’SUGAR. Spanning over 17 city blocks, the highly successful, mixed-use Town Center is the core of the City’s Central Business District. The project is being developed by Armada Hoffler Properties, Inc. The Town Center provides a mix of multilevel upscale retail, Class A office, luxury residential, The Sandler Center for the Performing Arts and an array of cafes, restaurants and deluxe business hotels.
About Divaris Real Estate
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and Washington, DC. 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 approximately 23 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.
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, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets throughout the Mid-Atlantic United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.