TYSONS CORNER, VA (May 13, 2020) — Divaris Real Estate, Inc. (DRE), announced the completion of five transactions totaling 11,740 square feet of sold or leased retail and office space in the greater Washington, DC area.

Sale Transaction

Highlands at Clarksburg, 23221 Stringtown Rd, Clarksburg, Md
Highlands at Clarksburg, 23221 Stringtown Rd, Clarksburg, Md

MP of Clarksburg LLC, doing business as Manhattan Pizza, purchased 1,290 square feet of retail space in Highlands at Clarksburg located at 23221 Stringtown Road in Clarksburg, Maryland from Pizza 500, LLC for $159,000.  Robert Gray and Tony Thur represented the seller in the transaction.

Lease Transaction

Insignia Technology Services leased 5,800 square feet of office space in the Divaris-leased Cross Creek Commons located at 45150 Russell Branch Parkway in Ashburn, Va.  Joe Farina and Amit Grover represented the landlord in the lease negotiations.

Electric Unicorn leased 2,000 square feet of retail space in the Divaris-leased Church Road Plaza located at 4665 Church Road in Sterling, Va.   Robert Gray and Tony Thur represented the landlord in lease negotiations.

Nalu Boutique leased 1,000 square feet of retail space in the Divaris-leased Gaitherstowne Plaza located at 206-300 North Frederick Ave. in Gaithersburg, Md. Joseph Farina and Cassandra Maloney represented the landlord in the lease negotiations. Other tenants in Gaitherstowne Plaza include:  Gabes, Auto Zone, The Vitamin Shoppe, iHOP, Lin Buffet, Domino’s Pizza, Gaithersburg Animal Hospital and MetroPCS.

Lease Renewal

Caliber Mortgage renewed its lease for 1,650 square feet of Divaris-leased office space located at 1325-1327 14th Street NW in Washington, DC.  Rob Gray 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 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 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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