Divaris Real Estate’s Richmond Office Leases Former Kmart Building to BJ’s Wholesale Club in Roanoke, VA

ROANOKE, VA: Divaris Real Estate, Inc. (DRE), announced the completion of the following lease for retail space in the former Kmart store in Crossroads Shopping Center in Roanoke, Virginia.

BJ’s Wholesale Club leased 102,600 square feet of retail space located at 1419 Hershberger Road in Roanoke, Virginia.  The Kmart building will be demolished and a new building will be built with plans to open by the end of 2018.

Crossroads Shopping Center consists of 154,316 square feet of retail space and is home to Aldi Food Market, Subway, National Optical and other

retailers.  There is 22,245 square feet of vacant space next to Aldi that is left to lease.

DRE’s Sam McCoy, Brett McNamee and Ali Newton represented the landlord in the lease negotiation.

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; Washington, DC; and Beverly Hills, CA.  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 approximately 32 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.