Virginia Beach, Va. (August 11, 2022) – Headquartered in Virginia Beach, Divaris Real Estate, Inc announces the completion of three sales and eight lease transactions this week, totaling 93,993 square feet of property.
SALES
Supreme Retail Realty LLC purchased a 32,000 square-foot retail investment property located at 11969 Jefferson Avenue in Newport News from Jefferson West 2 LLC for $3.1 million. Jason Oliver represented the buyer.
Roosevelt Investors LLC sold a 1,600 square-foot retail building located at 2336 E. Little Creek Road in Norfolk to JPM Real Estate VA LLC for $500,000. George Fox represented the seller.
Brian Properties LLC purchased a 1,500 square-foot residential space located at 2528 Middle Avenue in Norfolk from Candice Dennard-Francis for $125,000. Missy Martinovich represented the buyer.
LEASES
Spirit Halloween Superstores LLC leased 7,359 square feet of retail space in Laurel Glen Shopping Center located at 45315 Alton Lane in California, Md. Rob Gray and Susan McGee represented the landlord.
Shining Star Early Learning Center leased 3,806 square feet of retail space located at 1100 Eastern Avenue NE in Washington, D.C. Rob Gray and Joe Farina represented the landlord.
Virginia Farm Bureau Mutual Insurance Company leased 1,800 square feet of retail space in White Oak Village located at 1838-1856 Tappahannock Blvd. in Tappahannock. Sara Goodall represented the landlord.
StretchLab leased 1,600 square feet of retail space in Marketplace at Hilltop located at 741 First Colonial Road in Virginia Beach. Sezin Cortinas and Elizabeth Napolitano represented the tenant.
LEASE RENEWALS
Antech Systems Inc renewed its lease for 23,581 square feet of office space in Battlefield Technology Center I, located at 510 Independence Parkway in Chesapeake. Brian Devlin represented the landlord.
Tidewater Mortgage renewed its lease for 16,092 square feet of office space in Reflections II, located at 200 Golden Oak Court in Virginia Beach. Brian Devlin represented the landlord.
Twist Martini renewed its lease for 2,442 square feet of retail space in Virginia Beach Town Center located at 4517 Commerce Street in Virginia Beach. Sezin Cortinas and Gerald Divaris represented the landlord.
Sierra Pacific Mortgage Company Inc renewed its lease for 2,213 square feet of office space located at 4164 Virginia Beach Boulevard in Virginia Beach. Elizabeth Paasch represented the landlord.
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 and Raleigh, N.C.; Beverly Hills, Calif.; 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 over 31.5 million square feet of prime office, retail, and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board and CEO, and Michael B. Divaris is President and Chief Operating Officer of Divaris Real Estate, Inc.
Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) 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, (http://www.corenetworkcre.org/) 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.
For interview requests, additional information or high-resolution images, please contact Janelle Burchfield Communications and Engagement Consultant (hello@JBdigital.media)