TYSONS CORNER, VA (October 21, 2020) — Divaris Real Estate, Inc. (DRE), announced the completion of five transactions totaling 35,551 square feet of sold, leased or renewed commercial space in the greater metropolitan Washington, DC area.
PNC Bank sold 21,205 square feet of office space located at 117 East Main Street in Westminster, Md, to 117 East Main Westminster Land Trust for $775,000. Amit Grover and Joe Farina represented the seller in the negotiations.
Franco and Salvina Gambino sold 2,373 square feet of freestanding retail space located at 14520 Jefferson Davis Highway in Woodbridge, Va to Medical Access for $800,000. Joe Farina and Amit Grover represented the seller in the negotiations.
PNC Bank sold 1,478 square feet of retail space in the former bank facility located at 1413 Pennsylvania Ave. in Hagerstown, Md to B.T Max Holdings, LLC for $300,000. Amit Grover and Joe Farina represented the seller in the negotiations.
Lease Transactions
Nanda Learning Center leased 8,031 square feet of office space in Diamondback Corporate Center located at 15201 Diamondback Drive in Rockville, Md. Brandon Howard represented the tenant in the lease negotiations.
Starpower Communications renewed and expanded its lease for 2,464 square feet of retail space in the Divaris-leased Brookland Center located at 3734 10th St., NE, in Washington, DC. Brandon Howard and Joe Farina represented the landlord in the lease negotiations. Other tenants in Brookland Center include America’s Best Wings and Pizza Boli’s.
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; 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 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.
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