Four of the 22 Building Portfolio DRE to Lease and Manage
Four of the 22 Building Portfolio DRE to Lease and Manage

VIRGINIA BEACH, VA (April 30, 2020) Divaris Real Estate, Inc. (DRE), announced the addition of 21 Class A suburban office buildings and one industrial property to the portfolio that the company leases and manages.  The properties are in Virginia Beach, Chesapeake and Hampton, Virginia and total 1.3 million square feet.  The average occupancy of the buildings is 91 percent.

“I am delighted to have won this assignment as it gives us the opportunity to add product in the three cities where we are actively working in the market,” said Michael B. Divaris, president and chief operating officer.  “Several firms were considered and, in the end, the ownership felt that we had the credentials that would best fit their overall objectives.”

“A further benefit was that we had no directly competitive product in the respective submarkets which enables us to provide complete focus on ensuring the properties continue to receive first-class attention as well as offering good economic terms to incoming tenants.”

This portfolio will be leased by Brian Devlin, Michael Divaris, Nicole Campbell and Jessica Underhill.  Management of the properties in Hampton will be handled by Denise Wollesen and those on the Southside of Hampton Roads will be the responsibility of Carol Aubuchon and Amanda Decipulo

The list of buildings includes 11 in Chesapeake’s Greenbrier and Battlefield submarkets, and five in Virginia Beach’s Lynnhaven submarket.  The largest properties are Battlefield Technology Center I at 97,081 square feet and Independence Technology Center I at 96,807, both in Chesapeake.

“Divaris was chosen over other companies who competed for this assignment because of our synergy, best-in-class management team,” said Divaris.

Currently there are spaces available throughout the 22 buildings, ranging from 1,081 to 26,136 square feet.

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; Washington, DC and Beverly Hills, CA.  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 approximately 30 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, ( 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.