RICHMOND, VA: Divaris Real Estate, Inc. (DRE), announced the completion of seven transactions totaling 15,577 square feet of retail and office space in the greater Richmond area.
Sale Transactions
Nahill, LLC purchased a 4,230-square-foot office building located at 314 Exchange Alley in Petersburg, Va. From Gilery W. and Carolyn Entzminger for $280,000. John Madures represented the buyer in the transaction.
Hook Properties, LLC purchased a 3,000-square-foot warehouse located at 3000 West Clay St. in Richmond from Three Thousand West Clay Street, LLC for $750,000. Read Goode and Cheryle Toy represented the buyer in the transaction. Capital Square 1031 is acquiring the tract and the adjacent 3008 West Clay St. for the construction of a five-story mixed-use building with 50 apartments.
Lease Transactions
Marcus & Millichap Real Estate Investment Services of NC leased 2,530 square feet of office space in the Waterfront Plaza located at 4401 Waterfront Drive in Glen Allen, Va. Eric Hammond represented the tenant in the lease negotiations.
Domoishi leased 2,000 square feet of retail space in the Shops at the Arboretum located at 9101 Midlothian Turnpike in Richmond, Va. Aeri Jai represented the tenant in the lease negotiations. Domoishi has 13 signed locations as of today and five more expected by the end of the year. Aeri Jai is master broker for Domoishi throughout the country.
Village Market leased 1,764 square feet of retail space located at 809-11 West Cary St. in Richmond. The Richmond office of Divaris Real Estate represented the landlord in the lease negotiations.
D&S Multiservices leased 1,038 square feet of retail space in Meadowbrook Shopping Center located at 5742 Hopkins Road in Richmond. Eric Hammond represented the landlord in the lease negotiations.
BRANOpac USA leased 1,015 square feet of office space located at 5300 Hickory Park Drive in Glen Allen. Eric Hammond and Laikyn Severson represented the landlord in the lease negotiations.
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; 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 and/or leases approximately 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 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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