CHARLOTTESVILLE, VIRGINIA: Divaris Real Estate, Inc. (DRE), announced the signing of two leases for 7,050 square feet of retail space in 5th Street Station, a 465,000-square-foot shopping center located on 72 acres in Charlottesville, Virginia. Lease negotiations were handled on behalf of the landlord, 5th Street Station Ventures, LLC, by Larry Agnew, Mary McGovern, Zach Means and Erica Rorrer of DRE. Previously announced leases in 5th Street Station include Wegmans, Field & Stream, Haverty’s Furniture, A.C. Moore, PetSmart, Timberwood Tap House, Panera Bread, Dick’s Sporting Goods, Hand & Stone, Verizon Wireless and Red Mango.
Martha Jefferson Hospital leased 4,000 square feet of space located at 5th Street and Bent Creek Parkway. The space will be used for an outpatient/urgent care facility. Since its founding more than 100 years ago, Sentara Martha Jefferson has constantly evolved to meet the diverse healthcare needs of the patients who trust us with their care. As a member of Sentara Healthcare, it delivers a distinctive combination of cutting-edge technology along with personalized care tailored to the needs of each individual patient.
Krispy Kreme leased 3,050 square feet of retail space in 5th Street Station, as well. Krispy Kreme doughnuts can be found in approximately 12,000 grocery, convenience and mass merchant stores in the U.S. The Company has more than 1,100 retail shops in 29 countries. Headquartered in Winston-Salem, N.C., the Company has offered the highest-quality doughnuts and great-tasting coffee since it was founded in 1937.
5th Street Station is strategically positioned on 5th Street, directly off I-64 at exit 120 in southern Charlottesville. It is located less than five minutes from the University of Virginia, with more than 34,000 students, faculty and staff on campus annually. The property benefits from its direct access from Interstate 64, thus making it the only super-regional shopping center in the Charlottesville area. The drawing power of Wegmans and Field & Stream, and the center’s close proximity to the University of Virginia, make it a bustling shopping destination. The $153 million super-regional shopping center is situated less than 65 miles from Richmond, Staunton and Lynchburg, and 100 miles from Washington, D.C.
About Divaris Real Estate, Inc.
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; 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 and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida.
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.