VIRGINIA BEACH, VA (October 19, 2020) Divaris Real Estate, Inc. (DRE), announced the addition of three shopping centers to the portfolio of properties the company leases. The total of additional retail space is 381,240 square feet, located in the Hampton Roads metropolitan statistical area of Virginia.
The new properties include:
Military Crossing is a 192,000-square-foot shopping center located at 5957 Virginia Beach Boulevard in Norfolk, Va. The Ollie’s Bargain Outlet and Dollar General-anchored center is strategically situated in a regional location with easy access to Interstates 64 and 264. Military Crossing provides retailers with the best value in Norfolk’s dominant retail corridor at rental rates below the surrounding competition including JANAF and Military Circle Mall. Junior anchor and restaurant spaces are available. Surrounding retailers include Costco, T.J. Maxx, Ross Dress for Less, and Walmart. George Fox and Caroline Zarpas are leasing agents for the property.
Williamsburg Crossing is a 150,000-square-foot neighborhood shopping center located at 5235 John Tyler Highway in Williamsburg, Va. This Food Lion-anchored center includes an attractive mix of popular national, regional and local retailers like Taco Bell, Subway, Anytime Fitness, Burn Boot Camp and Papa John’s. Leasing of Williamsburg Crossing is handled by George Fox, Kristopher Fuller and Caroline Zarpas.
Newport Marketplace is a 39,240-square-foot shopping center located at 315-321 Chatham Drive in Newport News’s Patrick Henry submarket at the nexus of Interstate 64 and Jefferson Ave. Newport Marketplace is shadow anchored by Walmart, Sam’s Club, Home Depot, and Lowes. A 23,491-square-foot former Michael’s store is available for lease. George Fox and Caroline Zarpas are leasing agents for the property.
Fox, Fuller and Zarpas specialize in leasing grocery-anchored shopping centers in Hampton Roads for landlord clients.
| SHOPPING CENTER NAME | ADDRESS | SQUARE FEET | TYPE OF CENTER | MAJOR TENANTS |
| Military Crossing | 5957 East Virginia Beach Blvd, Norfolk | 192,000 | Community Center | Ollie’s Bargain Outlet and Dollar General |
| Williamsburg Crossing | 5235 John Tyler Highway, Williamsburg | 150,000 | Neighborhood Center | Food Lion, Taco Bell, Subway, Anytime Fitness, Burn Boot Camp and Papa John’s |
| Newport Marketplace | 315-321 Chatham Drive, Newport News | 39,420 | Neighborhood Center | Shadow anchored by Walmart, Sam’s Club, Home Depot, and Lowes. Former Michael’s store available |
About Divaris Real Estate
Divaris Real Estate, Inc. (http://www.divaris.com/) is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte and Raleigh, NC; Charleston, SC; Beverly Hills, CA; 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, sells and/or leases over 31 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 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.
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