Divaris Real Estate Announces $11.4 Million and 186,714 Square Feet in Completed Transactions for September 2020

Divaris Real Estate Announces $11.4 Million and 186,714 Square Feet in Completed Transactions for September 2020

VIRGINIA BEACH, VA (October 12, 2020) — Divaris Real Estate, Inc. (DRE) announces the completion of 24 transactions totaling $11,440,728 and 186,714 square feet of sold, new or renewed leases in commercial properties throughout Hampton Roads, Central Virginia  and Maryland in September, 2020.

Sale Transactions

Nicholson Properties, LLC purchased the 15,600 square-foot former Salvation Army retail building at 11000 Midlothian Turnpike in Richmond from The Salvation Army for $2,400,000.  Read Goode and Cheryle Toy represented the buyer in the transaction.  The owner- occupied property will be the site of the market’s first East Coast Appliance store.

Lease Transactions

• Adsync Technologies leased 60,262 square feet of industrial space at 5909 Thurston Ave. in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant.
• City of Virginia Beach Public Works leased 20,437 square feet of office space in Oceana Center 1 at 484 Viking Drive in Virginia Beach.  Brian Devlin represented the landlord.
• The Cajun Crab leased 10,615 square feet of retail space in Marlow Heights at 4255-4256 Branch Ave. in Temple Hills, Md.  Joe Farina and Chris Saa represented the landlord.
• DaVita Kidney Care leased 7,830 square feet of retail space in Riggs Plaza at 5735-5815 Eastern Ave. in Hyattsville, Md.  Joe Farina represented the landlord.
• Luxury Furniture leased 5,400 square feet of industrial space at 2614 Lancelot Ave. in Richmond.  John Madures represented the landlord.
• The Williamsburg Dental Group leased 5,118 square feet of office space in Courthouse Green at 4097 Ironbound Road in Williamsburg.  Karen Beale, SIOR represented the landlord.
• U.S. Army Recruiting leased 4,500 square feet of retail space in Coleman Marketplace at 155 Holt Garrison Parkway in Danville, Va.  Loretta Cataldi and Jimmy Cunneen represented the landlord.
• Majed S. Muharam leased 3,200 square feet of retail space at 6305 Jefferson Davis Highway in Richmond.  John Madures represented the landlord.
• Obrien, LLC leased 2,625 square feet of retail space in Lynnhaven Square at 2077-2085 Lynnhaven Parkway in Virginia Beach.  George Fox and Kris Fuller represented the landlord.
• 7th District Republican Committee leased 2,000 square feet of retail space in Victorian Square at 10801 Hull Street Road in Midlothian.  John Madures represented the landlord.
• Tidewater Physicians Multispecialty Group leased 1,760 square feet of office space in Corporate Landing Medical Center at1232 Perimeter Parkway in Virginia Beach.  Krista Costa and Nicole Campbell represented the landlord.
• Dream Vapor leased 1,400 square feet of retail space in Las Gaviotas Shopping Center at 1245 Cedar Road in Chesapeake, Va.  Caroline Zarpas and George Fox represented the landlord.
• Marla Renee Beauty & Co. leased 1,200 square feet of retail space in Victorian Square at 11021 Hull Street Road in Midlothian.  John Madures represented the landlord.
• Simply Panache Products leased 1,148 square feet of retail space at 23 South Mallory St. in Hampton.  Missy Martinovich represented the landlord.
• Rayan Tobacco 3 leased 1,000 square feet of retail space in East Beach Marketplace at 4027 East Little Creek Road in Norfolk.  Kris Fuller and George Fox represented the landlord.

Lease Renewals

• Stop Inc. renewed its lease for 11,252 square feet and expanded its lease by 4,049 square feet of office space at 5700 Thurston Ave. in Virginia Beach.  Krista Costa and Nicole Campbell represented the landlord.
• Rexel USA renewed its lease for 8,262 square feet of industrial space in Airport Business Center at 1457 Miller Store Road in Virginia Beach.  Brian Devlin represented the landlord.
• Virginia Business Systems renewed its lease for 8,230 square feet of office space in Battlefield Lakes Technology Center III at 521 Byron Street in Chesapeake.  Krista Costa and Nicole Campbell represented the tenant.
• Pho Nguyen renewed its lease for 3,004 square feet of retail space in Salem Crossing Shopping Center at 2029 South Lynnhaven Parkway in Virginia Beach.  Kris Fuller and Levi Thomson represented the landlord.
• Atmospheric and Environmental Research renewed its lease for 2,949 square feet of office space in Olympia Place at 22 Enterprise Parkway in Hampton.  Brian Devlin represented the landlord.
• AT&T renewed its lease for 2,040 square feet of retail space in Waynesboro Town Center at 740 Town Center Drive in Waynesboro.  Brett McNamee and Ali McCrickard represented the landlord.
• Access Law Group renewed its lease for 1,433 square feet of office space in Atlantic Union Bank Building at 603 Pilot House Drive in Newport News.  Karen Beale, SIOR, represented the landlord.
• Albano Cleaners renewed its lease for 1,000 square feet of retail space in Victory Crossing at 4000 Victory Blvd. in Portsmouth.  George Fox represented the landlord.

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; 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, sells 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.