Divaris Real Estate Announces $4 Million and 77,529 Square Feet in Completed Transactions for July 2020

VIRGINIA BEACH, VA (August 10, 2020) — Divaris Real Estate, Inc. (DRE) announces the completion of 23 transactions totaling $4,024,421 and 105,317 square feet of sold, new or renewed leases in commercial properties throughout Hampton Roads, Richmond, and Washington, DC in July 2020.

Sale Transactions

  • PNC Bank sold 5,598 square feet of mixed-use space at 260 East Jefferson St. in Rockville, Maryland to Jefferson Realty, LLC. for $800,000. Joe Farina and Amit Grover represented the seller.
  • Shaffer Enterprises, LLC sold a 5,150-square-foot office building at 500 Baylor Court in Chesapeake, Va. to GEO II, LLC for $789,000.  Krista Costa and Nicole Campbell represented the seller.

Lease Transactions

  • Foot Locker leased 4,505 square feet of retail space in the mixed-use conversion of Regency Square Mall at 1420 Parham Road in Richmond. Erica Rorrer and Ali McCrickard represented the tenant.
  • VirginiaCarolina Civil, Inc. leased 3,213 square feet of office space in Harbour Breeze Professional Center at 1520 Breezeport Way in Suffolk, Va.  Krista Costa and Nicole Campbell represented the landlord.
  • Acton Academy of Hampton Roads leased 3,120 square feet of office space in Village Commons at 620 Village Drive in Virginia Beach.  Nicole Campbell and Krista Costa represented the landlord.
  • Tidewater Physicians Multispecialty Group subleased 2,984 square feet of medical office space in the Corporate Landing Medical Center at 1232 Perimeter Parkway in Virginia Beach. Krista Costa and Nicole Campbell represented the landlord.
  • Provide, LLC leased 2,864 square feet of retail space at 3007 Columbia Pike in Arlington Va. Chris Saa and Joe Farina represented the landlord.
  • Cole Academy leased 2,125 square feet of retail space in Foxfire Center at 2401 Seaboard Road in Virginia Beach.  Elizabeth Paasch represented the landlord.
  • Full Circle Financial Group leased 1,450 square feet of office space at 582 Lynnhaven Parkway in Virginia Beach.  Elizabeth Napolitano and Elizabeth Paasch represented the landlord.
  • HBA Architecture and Interior Design leased 1,371 square feet of office space in Libbie Mill -Midtown at 5001 Libbie Mill East Blvd. in Richmond.  Brett McNamee represented the tenant.
  • State Farm leased 1,200 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.
  • YNot Italian leased 1,200 square feet of retail space in Independent Plaza at 1115 Independence Blvd. in Virginia Beach. Elizabeth Paasch and Elizabeth Napolitano represented the landlord.
  • Domoishi leased 1,180 square feet of retail space in Pembroke Place at 300 Constitution Drive in Virginia Beach.  Aeri Jai represented the tenant.
  • A+ Kids leased 1,050 square feet of retail space in Garfield Park at 925 North Garfield St. in Arlington, Va. Robert Gray, Brandon Howard and Tony Thur represented the tenant.
  • Celli’s Chocolate Chips leased 1,011 square feet of retail space in Courthouse Commons at 5231 Monticello Ave. in Williamsburg, Va.  Kris Fuller and George Fox represented the landlord.
  • Advanced Technicians leased 400 square feet of first floor retail space in the American Heritage Apartments at 9 South 10th St. in Richmond.  Laikyn Severson represented the landlord.

Lease Renewals 

  • Keagan’s Irish Pub renewed its lease for 7,151 square feet of retail space in the Town Center of Virginia Beach at 244 Market St.  Gerald Divaris, Sezin Cortinas and Erica Rorrer represented the landlord.
  • Saffron Indian Bistro renewed its lease for 4,789 square feet of retail space in the Town Center of Virginia Beach at 4532 Columbus St.  Gerald Divaris, Sezin Cortinas and Erica Rorrer represented the landlord.
  • Lillian Jean Cox-Richard renewed its lease for 2,000 square feet of office space at 709 Dawn St. in Richmond.  John Madures represented the landlord.
  • Another Look Another Level Hair Salon renewed its leases for two spaces of 900 square feet each, for 1,800 square feet in Academy Crossing at 3218 Academy Ave. in Portsmouth, Va.   David Bickford represented the landlord.
  • Subway renewed its lease for 1,300 square feet of retail space in Glenwood Shoppes at 8401 Hampton Blvd. in Norfolk.  David Bickford represented the landlord.
  • Ledger Capital renewed its lease for 1,182 square feet of office space in Lake Center II at 505 Independence Pkwy in Chesapeake, Va.  Brian Devlin represented the landlord.
  • The Key Shack renewed its lease for 300 square feet of retail space in East Beach Marketplace at 4027 E Little Creek Road in Norfolk.  Kris Fuller and 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 30 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.