RICHMOND, VA (March 2, 2020) — Divaris Real Estate, Inc. (DRE), announced the completion of transactions for sold and leased commercial properties in Central Virginia.

Sales Transaction

1027 North Lombardy St., Richmond, VA
1027 North Lombardy St., Richmond, VA

Stanley Martin Companies, LLC purchased a 1.165-acre parcel of land located at 1027 North Lombardy St. in Richmond from Sylvia Place Properties, LLC. for $3.9 million.  Read Goode and Cheryle Toy represented the buyer in the transaction.  Stanley Martin also has the adjacent 2.25 acres under contract and has filed a Special Use Permit with the City of Richmond to construct 90 “Two-Over-Two” townhomes on both of the properties, bringing much needed new housing to the Carver neighborhood.

Lease Transaction

Utopia Medi Spa leased 4,070 square feet of Divaris-leased retail space located at 1403 Roseneath Road in Richmond.  Cheryle Toy represented the tenant and Read Goode represented the landlord in the lease negotiations.  This will be Utopia’s first location in the Richmond market.   The owner has owned and operated other medi spas in Richmond and Atlanta.  Wood & Iron will be opening its new restaurant in this building as well.

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 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.