Divaris Real Estate Announces $16.8 Million and 226,819 Square Feet in Completed Transactions for December 2017

Divaris Real Estate Announces $16.8 Million and 226,819 Square Feet in Completed Transactions for December 2017

VIRGINIA BEACH, VA: Divaris Real Estate, Inc. (DRE), announced the completion of $16,770,532 in transactions totaling 226,819 square feet of sold, leased and renewed commercial property in the Hampton Roads, Richmond, Charlotte, Roanoke and Washington DC, markets in December 2017.

Sales Transactions

• Holland House Apartments, LLC purchased the 35,524-square-foot Holland House Apartments, at 200 Drummond Place in Norfolk, Va, from Holland Associates, a general partnership, for $2,347,000 in an off-market transaction.  George Fox brokered the sale on behalf of the buyer.
• Seven Development, LLC purchased an outparcel of 1.35 acres of land at Waynesboro Town Center at 740 Town Center Drive in Waynesboro, Virginia for $1.2 million for the development of two retail buildings, of 7,920 square feet and 1,700 square feet from Waynesboro Town Center, LLC.  Brett McNamee and Ali Newton brokered the sale on behalf of the seller.
• TSN Realty, LLC purchased a 34,161-square-foot, former Haverty’s furniture store at 7515 Two Notch Road in Columbia, SC from Haverty’s Furniture Company for $850,000.  Diana Teitsma brokered the sale for the seller.
• Freddy’s Frozen Custard & Steakburgers purchased 44,518 square feet of land in Hampton Roads Crossing shopping center at 1011 University Boulevard in Suffolk, Va for $823,055.  Levi Thomson brokered the sale on behalf of the seller, Terry/Peterson Investment Thirty, LLC.

• Richard G. Levin purchased 7,980 square feet of retail space at 19-21 East Mellen Street in Hampton, Va, from BRR Investments for $425,000.  Missy Martinovich brokered the sale for the buyer.

Lease Transactions

 

• Casa del Barco leased 5,800 square feet of retail space in Short Pump Town Center at 11800 West Broad Street in Richmond.  McNamee represented the landlord.
• YMCA of South Hampton Roads leased 5,799 square feet of retail space at 205 Town Center Drive in the Town Center of Virginia Beach.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord.
• Soles4Souls leased 4,237 square feet of office/warehouse space at 1733 Summit Avenue in Richmond.  Cheryle Toy and Read Goode represented the landlord.
• Signs by Tomorrow leased 3,523 square feet of retail space in Oyster Point Square at 11712 Jefferson Avenue in Newport News, Va.  Fox represented the landlord.
• The Casual Pint leased 2,960 square feet of retail space in Landstown Commons at 3880 Princess Anne Road in Virginia Beach, Va.  Thomson represented the landlord.
• Bach to Rock leased 2,815 square feet of retail space in Landstown Commons at 3300 Princess Anne Road.  Thomson represented the landlord.
• Leaderboard Branding leased 2,796 square feet of office space in Quail Plaza l at 7621 Little Avenue in Charlotte.  Charles Neill and Hutch Farris represented the tenant.
• Signature Canvas Markers leased 2,500 square feet of retail space in 9 South Mallory Street in Hampton, Va.  Martinovich represented the landlord.
• Fish Safari leased 2,500 square feet of retail space in Salem Crossing Shopping Center at 2029 South Lynnhaven Parkway in Virginia Beach.  Thomson represented the landlord
• Fit Body Boot Camp leased 2,461 square feet of retail space in Salem Crossing Shopping Center at 2029 South Lynnhaven Parkway in Virginia Beach.  Thomson represented the landlord.
• Scoop leased 2,440 square feet of retail space in the Former Video Fan building at 403 Strawberry Street in Richmond.  Goode and Toy represented the landlord.
• Dermalogica leased 2,427 square feet of office space in Parkwood Place at 5601 Democracy Drive in Plano, Texas.  Michael Divaris, Turok and Costa represented the tenant.
• Quality of Life Counseling Center leased 2,400 square feet of office space in Executive Cove at 5602 Virginia Beach Boulevard in Virginia Beach.  Chris Bendit represented the landlord.
• The Mortgage Shop leased 2,230 square feet of retail space at 19-21 East Mellen Street in Hampton, Va. Martinovich represented the landlord.
• The Honeybaked Ham Co. & Café leased 1,958 square feet of retail space in Lynnhaven North Shopping Center at 2701 North Mall Drive in Virginia Beach. David Redmond represented the landlord.
• Ali Medical Transport leased 1,946 square feet of office space in Fountain Park at 9321-9327 Midlothian Turnpike in Richmond.  Eric Hammond and John Madures represented the landlord.
• Ferguson Enterprises leased 1,844 square feet of office space in the Handcraft Building at 1501 Roseneath Road in Richmond.  Goode and Toy represented the landlord.
• Thor Solutions leased 1,623 square feet of office space in One Columbus Center at 283 Constitution Drive in Virginia Beach.  Michael Divaris, Turok and Costa represented the landlord while Jason Oliver represented tenant.
• Sunrise Counseling and Psychological Services leased 1,568 square feet of office space in Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Turok and Elizabeth Paasch represented the landlord and the tenant.
• Marsh & McLennan Agency leased 1,414 square feet of new expansion space and renewed its existing 8,452 square feet of office space in the Armada Hoffler Tower at 222 Central Park Avenue in the Town Center of Virginia Beach.  Michael Divaris, Turok and Costa represented the landlord.
• Zontini Link leased 1,250 square feet of retail space in Larkspur Square at 4730 Princess Anne Road in Virginia Beach.  Kayla Olson represented the landlord.
• Smither & Company leased 1,205 square feet of retail space in the Handcraft Building at 1501 Roseneath Road in Richmond.  Goode and Toy represented the landlord.
• Commonwealth Clinical Services leased 1,123 square feet of office space at 201 North Washington Street in Ashland, Va.  Hammond and Dean Foster represented the landlord.
• Virginia Sports Nutrition leased 1,100 square feet of retail space in Glenwood Shoppes at 8401 Hampton Boulevard in Norfolk, Va.  David Bickford represented the landlord.
• Hair Fairies leased 620 square feet of retail space in Providence Plaza at 2935 Providence Road in Charlotte.  Neil represented the landlord.
• Emmanuel E. Gayot leased 595 square feet of retail space for a barber shop in 360 West Shopping Center at 7214 Hull Street Road in Richmond.  Sara Goodall represented the landlord.
• Simply Panache Products leased 581 square feet of retail space at 23 South Mallory Street in Hampton, Va.  Martinovich represented the landlord.
• Cherry Hill Sales Co. leased 505 square feet of office space in Haygood Buildings at 4656 Haygood Road in Virginia Beach. Elizabeth Napolitano and Paasch represented the landlord.

Lease Renewals

 

• The Lincoln National Life Insurance Company renewed its lease for 11,699 square feet of office space in One Columbus Center. Michael Divaris, Turok and Costa represented the landlord.
• Medical and Surgical Eye Specialists renewed its lease for 4,711 square feet of office space in Interstate Corporate Center at 6315 North Center Drive in Norfolk, Va.  Paasch represented the tenant.
• Peter D. Schenck renewed a lease for 4,218 square feet of office in One Columbus Center. Michael Divaris, Turok and Costa represented the landlord.
• Padilla’s Four renewed its lease for 3,308 square feet of retail space in 360 West Shopping Center. Goodall represented the landlord.
• Ruby Nails and Spa renewed its lease for 3,200 square feet of retail space in Stonewall Square at 6300 Mechanicsville Turnpike in Mechanicsville, Va.  Peter Vick and Harrison Hall represented the landlord.
• Mario’s Pizza of Wendover renewed its lease for 2,698 square feet of retail space in Wendover Village at 4217-A West Wendover Avenue in Greensboro, NC.  Neil represented the landlord.
• GameStop renewed its lease for 2,100 square feet of retail space in South Square at 4001 Durham-Chapel Hill Boulevard in Durham, NC.  Neil and Teitsma represented the landlord.
• Manpower Group US renewed its lease for 1,253 square feet in Harper Hill Commons at 131 Vinegar Hill Road in Winston-Salem, NC.  Neil and Farris represented the landlord.
• Eclectic Design Florist and Gifts renewed its lease for 777 square feet of retail space in Armada Hoffler Tower 4 at 222 Central Park Avenue in Virginia Beach.  Gerald Divaris, Sezin Cortinas, and Erica Rorrer represented the landlord.

About Divaris Real Estate

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 over 33 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.