VIRGINIA BEACH, VA (December 9, 2020) — Divaris Real Estate, Inc. (DRE) announces the completion of eight transactions totaling 54,449 square feet of new leased or renewed commercial transactions throughout Hampton Roads, Virginia.
Lease Renewals
Staples renewed its lease for 18,852 square feet of retail space in the Divaris-leased Broadmoor Plaza located at 1143 East Ireland Road in South Bend, Indiana. Gerald Divaris represented the landlord in the lease negotiations. Other tenants in Broadmoor Plaza include JOANN, Wells Fargo, Little Caesars, Burger King and Jackson Hewitt.
Truist Bank renewed its lease for 11,995 square feet of office space in the Divaris-leased and -managed One Columbus Center located at 283 Constitution Drive in the Town Center of Virginia Beach. Krista Costa, Michael Divaris and Vivian Turok represented the landlord in the lease negotiations.
AT&T renewed its lease for 3,580 square feet of retail space in the Divaris-leased Broadmoor Plaza located at 1143 East Ireland Road in South Bend. Gerald Divaris represented the landlord in the lease negotiations.
Bedi Legal, P.C. expanded its lease for 2,116 square feet of office space in the Divaris-leased and -managed Liberty I located at 1305 Executive Blvd. in Chesapeake. Brian Devlin represented the landlord in the lease negotiations.
Lease Transactions
Three Notch’d Craft Kitchen and Brewery leased 7,897 square feet of retail space in the Divaris-leased and -managed Town Center of Virginia Beach located at 4561 Virginia Beach Blvd Virginia Beach. Erica Rorrer, Gerald Divaris and Sezin Cortinas represented the landlord in the lease negotiations. Three Notch’d Craft Kitchen and Brewery operates brewery locations and other restaurant locations with a brewery. The anticipated opening is Spring 2021. The space Three Notch’d has leased was formerly occupied by Gordon Biersch Brewery. Other restaurants in Town Center of Virginia Beach include Ruth’s Chris Steak House, Cantina Laredo, The Cheesecake Factory, P.F.Chang’s China Bistro, California Pizza Kitchen, Bravo! Cucina Italiana, Shake Shack and Yard House.
Suncrest Home Health & Hospice leased 4,566 square feet of office space in the Divaris-leased and -managed Reflections III located at 208 Golden Oak Court in Virginia Beach. Brian Devlin represented the landlord in the lease negotiations.
Domoishi leased 3,800 square feet of retail space in Town Place Shops located at 801 Eden Way North in Chesapeake. Aeri Jai represented the tenant in the lease negotiations. Domoishi has 16 signed locations. Aeri Jai is master broker for Domoishi throughout the country.
Louis Seafood leased 1,643 square feet of office space in the Divaris-leased Oyster Point Plaza located at 300-350 Oyster Point Road in Newport News. George Fox and Caroline Zarpas represented the landlord in the lease negotiations. Other tenants in the Food Lion-anchored Oyster Point Plaza include Bonefish Grill, Sherwin Williams, Starbucks, Edible Arrangements and Subway.
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.