VIRGINIA BEACH, VA (July 16, 2020) — Divaris Real Estate, Inc. (DRE) announces the completion of eight transactions totaling 11,588 square feet of new or renewed leases in commercial properties throughout Hampton Roads, Virginia.
Lease Transactions
Acton Academy of Hampton Roads leased 3,120 square feet of office space in the Divaris-leased Village Commons located at 620 Village Drive in Virginia Beach. Nicole Campbell and Krista Costa represented the landlord in the lease negotiations.
Cole Academy leased 2,125 square feet of retail space in the Divaris-leased Foxfire Center located at 2401 Seaboard Road in Virginia Beach. Elizabeth Paasch represented the landlord in the lease negotiations.
Full Circle Financial Group leased 1,450 square feet of Divaris-leased office space located at 582 Lynnhaven Parkway in Virginia Beach. Elizabeth Napolitano and Elizabeth Paasch represented the landlord in the lease negotiations.
State Farm leased 1,200 square feet of retail space in the Divaris-leased Las Gaviotas Shopping Center located at 1245 Cedar Road in Chesapeake, Va. Caroline Zarpas and George Fox represented the landlord in the lease negotiations. Other tenants in the Food Lion-anchored Las Gaviotas include: Domino’s Pizza, Enterprise Rent-A-Car, Fitness 19 and Albano Cleaners.
YNot Italian leased 1,200 square feet of retail space in the Divaris-leased Independent Plaza Shopping Center located at 1115 Independence Blvd. in Virginia Beach. Elizabeth Paasch and Elizabeth Napolitano represented the landlord in the lease negotiations.
Celli’s Chocolate Chips leased 1,011 square feet of retail space in the Divaris-leased Courthouse Commons located at 5231 Monticello Ave. in Williamsburg, Va. Kris Fuller and George Fox represented the landlord in the lease negotiations. Other tenants in the Fresh Market-anchored Courthouse Commons include Pure Barre, Great Clips, Starbucks, AT&T and Massage Luxe.
Lease Renewals
Ledger Capital renewed its lease for 1,182 square feet of office space in the Divaris-leased and -managed Lake Center II located at 505 Independence Pkwy in Chesapeake, Va. Brian Devlin represented the landlord in the lease negotiations.
The Key Shack renewed its lease for 300 square feet of retail space in the Divaris-leased and -managed East Beach Marketplace located at 4027 E Little Creek Road in Norfolk. Kris Fuller and George Fox represented the landlord in the lease negotiations. Additional tenants in the Food Lion-anchored center include Sushi King, Planet Fitness, Family Dollar, Bon Secours, Papa John’s, Starbucks, Jimmy John’s, Dirty Buffalo, Domino’s, Tropical Smoothie, H&R Block and Cricket Wireless.
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, NC; 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 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 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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