Divaris Real Estate Announces $13 Million and 231,610 Square Feet in Completed Transactions for October 2018

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of 44 transactions totaling $13,185,841 and 231,610 square feet of sold, leased and renewed commercial property in the Hampton Roads, Lynchburg and Richmond, Virginia, Oakland, Tennessee and metropolitan Washington, DC markets in October 2018.

 

Sales Transactions

  • 1800 Wilson, LLC has purchased 4,290 square feet of restaurant space at 1800 Wilson Boulevard in Arlington, Va., from Dominion Café Group for $2.3 million.  Joe Farina and Chris Saa brokered the sale on behalf of the seller.
  • PMG Investors, LLC purchased one acre of land at 3336 Holland Road in Virginia Beach from Daniel E. Poston for $982,800.  David Redmond brokered the deal for the seller.
  • 9004 Huguenot Road, LLC purchased a 2,995-square-foot, former BB&T bank branch building on 1.09 acres of land at 9004 Huguenot Road in Richmond from Branch Banking and Trust Company for $350,000.  Read Goode and Cheryle Toy represented the buyer.
  • Lease Transactions

    • Kmart Corporation negotiated a lease termination on 88,000 square feet of retail space at 2315 Wards Road in Lynchburg, Va.  Sam McCoy represented the tenant.
    • Prosper Insurance Group leased 17,396 square feet of office space in the Sabre IV office building at 2929 Sabre Street in Virginia Beach.  Jason Oliver and Vivian Turok represented the tenant.
    • SIS, Inc. leased 11,208 square feet of office space in Oceana Place at 448 Viking Drive in Virginia Beach.  Elizabeth Paasch represented the tenant.
    • American Family Care leased 3,760 square feet of retail space in Hampton Roads Crossing at 1013 University Boulevard in Suffolk, Va.  Levi Thomson represented the landlord.
    • Jones Sign Co. leased 2,859 square feet of office space in Lynnhaven Corporate Center II at 760 Lynnhaven Parkway in Virginia Beach.  Vivian Turok and Elizabeth Paasch represented the landlord.
    • Community Counseling Resources leased 2,691 square feet in Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Vivian Turok and Elizabeth Paasch represented the landlord.
    • AH Environmental leased 2,677 square feet of office space in Southport Centre at 4525 South Boulevard in Virginia Beach.  Elizabeth Paasch and Chris Bendit represented the landlord. Krista Costa and Katherine Olson represented the tenant.
    • Dumbarton Fitness leased 2,353 square feet of retail space in Libbie Place Shopping Center at 5709 West Broad Street in Richmond.  Ali McCrickard and Laikyn Severson represented the tenant.
    • Dermalogica leased 2,323 square feet of office space in Westwood Center at 8605 Westwood Center Drive in Vienna, Va.  Joe Farina, Charlie Webb, Krista Costa and Michael Divaris represented the tenant.
    • Loyalty, LLC leased 2,160 square feet of office space in Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Vivian Turok and Elizabeth Paasch represented the landlord.
    • Tidewater Periodontics leased 1,904 square feet of office space in the Kempsville Road Office building at 1450 Kempsville Road in Virginia Beach.  Krista Costa and Katherine Olson represented the landlord.
    • EA Engineering, Science and Technology leased 2,079 square feet of office space in the Fulton Bank building at 4429 Bonney Road in Virginia Beach.  Krista Costa and Katherine Olson represented the tenant.
    • Commonwealth for the Greater Good leased 1,806 square feet of retail space in One Columbus Center in the Town Center of Virginia Beach.  Sezin Cortinas, Gerald Divaris and Erica Rorrer represented the landlord.
    • Wigs & Bundles in Largo leased 1,695 square feet of retail space in Largo Town Center at 816 Largo Center Drive in Upper Marlboro, Maryland.  Rob Gray represented the tenant.
    • ATHC-Hospice leased 1,373 square feet of office space at 629 Southpark Boulevard in Colonial Heights, Va.  Eric Hammond represented the tenant.
    • Papa John’s Pizza leased 1,338 square feet of retail space in Oakland Marketplace at 200 Chickasaw Drive in Oakland, TN.  Gerald Divaris represented the landlord.
    • Natural Restoration leased 1,226 square feet of retail space at 1413 West Main Street in Richmond.  Dean Foster represented the tenant.
    • Turkuaz Mediterranean Market leased 1,200 square feet of retail space in Parkridge Center at 10900 Bulloch Drive in Manassas, Va.  Joe Farina, Gerald Divaris and Charlie Webb represented the landlord.
    • GM Hagerstown leased 1,200 square feet of retail space in the Hagerstown Gateway Shopping Center at 18348 Spark Drive in Hagerstown, Md.  Susan McGee represented the landlord.
    • dPerfect Event leased 1,182 square feet of retail space in the Wilsondale Shopping Center at 1208 North King Street in Hampton, Va.   Aeri Jai represented the landlord.
    • Verizon Wireless leased 1,176 square feet of retail space in the Hagerstown Gateway Shopping Center at 18348 Spark Drive in Hagerstown, Md.  Susan McGee represented the landlord.
    • D&S Multiservices leased 1,085 square feet of retail space in Meadowbrook Shopping Center at 5742 Hopkins Road in Richmond.  Peter Vick, Harrison Hall and Eric Hammond represented the landlord.
    • Newport News Tobacco & Vape leased 1,050 square feet of retail space in Oyster Point Plaza at 324 Oyster Point Road in Newport News, Va.   George Fox and Kris Fuller represented the landlord.
    • P-Town Tobacco leased 680 square feet of retail space in Elmhurst Square at 5660 Portsmouth Boulevard in Portsmouth, Va.  George Fox and Kris Fuller represented the landlord.

    Lease Renewals

    • Becky’s Hallmark Cards and Gifts renewed its lease for 4,200 square feet of retail space in the Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach.  Kris Fuller and George Fox represented the landlord.
    • PrimeLending renewed its lease for 3,212 square feet of office space in the Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Vivian Turok and Elizabeth Paasch represented the landlord.
    • Community Oncology Associates renewed its lease for 3,018 square feet of office space in Lynnhaven Corporate Center II at 760 Lynnhaven Parkway in Virginia Beach.  Elizabeth Paasch represented the landlord.
    • Anne Arundel Dermatology Management renewed its lease for 3,000 square feet of office space in Liberty Commons at 12695 McManus Boulevard in Newport News, Va.  Karen Beale, SIOR represented the landlord.
    • Emersons Fine Gifts and Tobacco renewed its lease for 2,437 square feet of retail space in Crossways Shopping Center at 1412 Greenbrier Parkway in Chesapeake, Va.  Dave Redmond represented the landlord.
    • Sunshine Nails renewed its lease for 1,973 square fe­et of retail space in North Park Center at 8131 Brook Road in Richmond.  Peter Vick and Harrison Hall represented the landlord.
    • Browning Insurance and Financial Services renewed its lease for 1,968 square feet of office space in the Union Bank Building at 603 Pilot House Drive in Newport News.  Karen Beale, SIOR represented the landlord.
    • Ntrust Wealth Management renewed its lease for 1,840 square feet of office space in the Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Vivian Turok and Elizabeth Paasch represented the landlord.
    • Price, Perkins & Larkin renewed its lease for 1,809 square feet of office space in the Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Vivian Turok and Elizabeth Paasch represented the landlord.
    • Gillmann Services renewed its lease for 1,752 square feet of office space in Fountain Park at 9321 Midlothian Turnpike in Richmond.  Eric Hammond, John Madures and Dean Foster represented the landlord.
    • A to Z Family Foot Care renewed its lease for 1,185 square feet of office space in Liberty Commons at 12695 McManus Boulevard in Newport News.  Karen Beale, SIOR represented the landlord.
    • Willcox & Savage, PC renewed its lease for 1,138 square feet of office space in the Armada Hoffler Tower at 222 Central Park Avenue in the Town Center of Virginia Beach.  Krista Costa, Vivian Turok and Michael Divaris 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 36.8 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.