Roanoke Rapids, North Carolina: John M. Knibb, senior vice president and partner of the Chesapeake, Va. office of Divaris Real Estate Inc. (DRE), announced the signing of a temporary lease with Walmart for retail space in Roanoke Rapids’ Becker Village Mall. Becker Village Mall is the only regional mall in Roanoke Rapids’ 145,000-person trade area. Wal-Mart will occupy 45,000 square feet in the former Kmart building at the mall.
Becker Village Mall is leased by Divaris Real Estate, Inc. Tenants in the 181,625-square-foot mall include JC Penney, Lowes Food, Java Joe’s, Just for You, Purse-N-Alities, Country Treasures, Smith Family Martial Arts, Dallas Jones Veteran’s Museum, Halifax Health Link, Bella Vita Salon and Spa, Hit Wear, Enterprise Car Rental, and Bojangles. It is located near the intersection of Interstate 95 and Julian R. Allsbrook Highway (Route 158).
Wal-Mart Stores, Inc. operates Walmart stores, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom and, through a joint venture, in India. The Company’s common stock is listed on the New York Stock Exchange under the symbol WMT. More information about Walmart can be found by visiting www.walmartstores.com. Online merchandise sales are available at www.walmart.com and www.samsclub.com.
The lease was negotiated by Knibb, representing the landlord, Becker Village Mall.
Divaris Real Estate Inc. and Divaris Property Management Corp. comprise one of the largest commercial and industrial property management, leasing and brokerage groups on the U.S. eastern seaboard, servicing client needs in the Mid-Atlantic and Southeastern states. Founded in 1974, the Divaris Group maintains offices in Virginia Beach, Chesapeake, Newport News, and Richmond, Va.; Charlotte, N.C.; and Rockville, Md. It currently manages and/or leases in excess of 24 million square feet of prime office, retail and industrial space.
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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