The McGarey Group Will Continue to Offer Its Renowned Services Now as a Division of the Divaris Group

Virginia Beach, Va. (March 3, 2023) – Divaris Real Estate announced today the merger of two commercial real estate moguls with the acquisition of The McGarey Group, now operating as a division of the Divaris Group. The McGarey Group is led by 40-year industry veteran, Denver McGarey, and is regarded as a leading expert in the field of mixed-use retail development, leasing, and advisory services, with a national reputation for delivering award-winning projects.


Gerald Divaris, chairman of the Divaris Group, CEO of Divaris Real Estate, said “The McGarey Group has played a vital role in transforming numerous communities through landmark developments, spurring economic and social renewal. Denver and his team have ambitious work ethic, unwavering commitment to integrity and an impressive track record of delivering exceptional results, enabling them to forge powerful strategic alliances across all areas of mixed-use development.”


The team from The McGarey Group will maintain their current roles providing their renowned advisory services, game-changing ideas and tenacious negotiating, while receiving the full support and access to the infrastructure needed to deliver exceptional services to both companies’ current and potential clients. The acquisition expands Divaris Real Estate’s services, and further solidifies its footprint regionally throughout the Mid-Atlantic and nationally in Arizona, Michigan, California, and beyond.


“Merging with Divaris is both an honor and invitation to become yet another piece of their stratospheric growth, and brings the extraordinary counsel and demonstrated leadership of Gerald, Tony and Michael,” said Denver McGarey. “This amalgamation of advisory, leasing, marketing, management, development and acclaimed transactional brokerage services gives our clients a tremendous advantage. Throughout this process, we had an unobstructed view to the sophistication of their verticality and, more importantly, to the remarkable character and integrity of the Divaris Family and Company. This was, for us, the most perfect fit.”


Since its inception, The McGarey Group has had the privilege of being involved in some of America’s most iconic professional sports, transit-oriented and mixed use developments, summarized as: 65 projects, 41 million square feet, across 22 US States, China and Japan, for 33 institutional clients and 37 private development clients.


“Our company cultures and values are aligned,” added Tony Divaris, international controller, CFO and key player in this acquisition and partnership. “We are confident that this family merger creates a powerful and enduring alliance that will benefit our clients, employees, and communities.”



About The McGarey Group a division of the Divaris Group

For over 30 years, the founders of The McGarey Group have been internationally recognized leaders in the comprehensive planning, advisory and core leasing of signature mixed-use retail projects throughout the United States. The firm brings together the talents and unmatched experience of an influential network of professionals, responsible for landmark developments that have served as catalysts for economic and social revitalization across numerous and diverse communities.

The McGarey Group consistently delivers results that stand the test of time for institutional owners, developers, retailers, and consumers alike. You can count on The McGarey Group to serve as a calming influence, dedicated collaborator, and a heavy hand on the rudder that guides the mission to realization.

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 and Raleigh, N.C.; Beverly Hills, Calif.; and Washington, DC. Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international fully integrated real estate services, brokerage, and property management company that currently manages and/or leases over 37.3 million square feet of prime office, retail, and industrial space throughout the US. Gerald S. Divaris is Chairman of the Board and CEO, and Michael B. Divaris is President and Chief Operating Officer of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, 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, 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.