Divaris Real Estate Announces $24.7 Million and 327,701 Square Feet in Completed Transactions for November 2020

Divaris Real Estate Announces $24.7 Million and 327,701 Square Feet in Completed Transactions for November 2020

VIRGINIA BEACH, VA (December 2, 2020) — Divaris Real Estate, Inc. (DRE) announces the completion of 47 transactions totaling $24,715,568 and 327,701 square feet of sold, new or renewed leases in commercial properties throughout Virginia, Maryland and North Carolina in November, 2020.

Sales Transactions

 

• Stanley Martin Companies, LLC purchased 98,881 square feet of industrial space at 1480- 1500 West Moore St. in Richmond from 1500 West Moore Street, LC for $4,000,000.  Read Goode and Cheryle Toy represented the buyer.
• Frontier Kitchen, LLC purchased the 11,854-square-foot office-flex condominium suite at 25387 Pleasant Valley Road in Chantilly, Va. from Wyss Real Estate Holdings, LLC for $2,225,000.  Chris Saa represented the buyer.

 

Lease Transactions

 

• Grand Brands leased 40,803 square feet of industrial space at 5816 Ward Court in Virginia Beach. Jason Oliver represented the tenant.
• Up Center Bingo leased 21,500 square feet of retail space in Military Crossing at 5957 East Virginia Beach Blvd. in Norfolk. George Fox and Caroline Zarpas represented the landlord.
• Kiewit Infrastructure South Co. leased 5,075 square feet of office space in The Park Building at 4192-4194 Innslake Drive in Glen Allen.  Brett McNamee represented the tenant.
• Scratch Bakery leased 4,480 square feet of retail space at 19 E Mellen St. in Hampton.  Missy Martinovich represented the landlord.
• Croatan Investments leased 4,000 square feet of office space at 932 Laskin Road in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant.
• Spenga leased 3,883 square feet of retail space in Barracks Row at 1200 North Emmet St. in Charlottesville, Va.  Dave Redmond represented the tenant.
• Casa Ruby Inc. leased 3,620 square feet of retail space at 1635 Connecticut Ave., NW in Washington D.C.  Robert Gray and Joe Farina represented the landlord.
• Norfolk SPCA leased 3,000 square feet of retail space in Roosevelt Gardens at 2300 East Little Creek Road in Norfolk.  George Fox and Kris Fuller represented the landlord.
• Bakers Wife Bistro leased 2,786 square feet of retail space at 1 East Mellen St. in Hampton. Missy Martinovich represented the landlord.
• eKuber subleased 2,752 square feet of office space at 8150 Leesburg Pike in Vienna, Va.  Charlie Webb represented the landlord.
• Potro’s Mexican Restaurant subleased 2,713 square feet of retail space in Staples Mill Square at 9074 Staples Mill Road in Henrico.  Madeleine Alderman represented the landlord.
• Exceed Life Church leased 2,700 square feet of retail space in Larkspur Square at 4724-4726 Princess Anne Road in Virginia Beach.  Elizabeth Paasch represented the landlord.
• Commonwealth Vascular Institute leased 2,610 square feet of office space in Harbour Breeze Professional Center at 1500 – 1540 Breezeport Way in Suffolk.  Krista Costa and Nicole Campbell represented the landlord.
• Pineapple Babies Birth Services leased 2,524 square feet of medical office space at 4524 Wishart Road in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant.
• Casa Ruby Inc. leased 2,274 square feet of retail space at 2031-2033 Florida Ave., NW, in Washington, D.C.  Robert Gray and Joe Farina represented the landlord.
• Hatch Nail Bar leased 2,200 square feet of retail space at 5885 Harbour View Blvd. in Suffolk, Va.  Aeri Jai represented the tenant.
• Sundays Tanning leased 2,180 square feet of retail space in Chesapeake Commons at 4107 Portsmouth Blvd. in Chesapeake.  Levi Thomson represented the landlord.
• Tidewater Physician’s Multispecialty Group leased 1,947 square feet of office space at 4867 Baxter Road in Virginia Beach.  Krista Costa and Nicole Campbell represented the landlord.
• Firehouse Coffee leased 1,875 square feet of retail space in Fort Monroe Building 24 at 1 Ruckman Road in Fort Monroe, Va.  Elizabeth Napolitano represented the landlord.
• Cain & Valentine Wealth Management Group leased 1,866 square feet of office space at 5701 Patterson Ave. in Richmond.  Cheryle Toy and Read Goode represented the landlord.
• Taco Vamonos leased 1,800 square feet of retail space in Hayes Shopping Center at 3691 George Washington Memorial Highway in Hayes, Va.  Kris Fuller represented the tenant.
• Studio D Yoga leased 1,660 square feet of office space in Fountain Park at 9321-9327 Midlothian Turnpike in Midlothian.  Madeleine Alderman and Jimmy Cunneen represented the landlord.
• Bryant Real Estate expanded its lease for 1,650 square feet of retail space at 1777 London Bridge Road in Virginia Beach.  Krista Costa and Nicole Campbell represented the landlord.

• Tropical Smoothie leased 1,647 square feet of retail space in Tanglewood Pavilions at 3855 Conlon Way in Elizabeth City, NC.  David Bickford represented the landlord.
• uBreakiFix leased 1,513 square feet of retail space in Rhode Island Row at 2301 Washington Place, NE in Washington, D.C.  Brandon Howard and Charlie Webb represented the tenant.
• The Joint Chiropractic leased 1,440 square feet of retail space in Landstown Place at 1909-1933 Landstown Centre Way in Virginia Beach.  Elizabeth Napolitano represented the tenant.
• Rebecca’s Hair Braiding leased 1,312 square feet of retail space in Gaitherstowne Plaza at 206-300 North Frederick Ave. in Gaithersburg, Md.  Joe Farina and Cassandra Sullivan represented the landlord.
• Costa Designs leased 1,300 square feet of office space at 817 Virginia Beach Blvd. in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant.
• The Joint Chiropractic leased 1,260 square feet of retail space in Town Center Marketplace at 4725 Virginia Beach Blvd, in Virginia Beach.  Elizabeth Napolitano represented the tenant.
• Healthi Spot leased 1,245 square feet of retail space in Kempsville Crossing at 1832 Kempsville Road in Virginia Beach.  George Fox and Caroline Zarpas represented the landlord.
• 1st Class Real Estate leased 1,200 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.
• Southeastern Virginia Chapter of Community Associations Institute (SEVA-CAI) leased 1,195 square feet of office space at 4867 Baxter Rd in Virginia Beach.  Krista Costa and Nicole Campbell represented the landlord.
• Evolution Physical Therapy leased 1,058 square feet of retail space in Highlands at Clarksburg at 23207 Stringtown Road in Clarksburg, Md.  Robert Gray and Tony Thur represented the landlord.
• My Chiropractic Doctor Clinic leased 1,043 square feet of office space at 8133 Leesburg Pike in Tysons Corner Va. Charlie Webb represented the tenant.
• Align Chiropractic and Wellness leased 1,000 square feet of retail space in Birdneck Community Shoppes at 1091 Norfolk Ave. in Virginia Beach.  Elizabeth Napolitano represented the landlord in the lease negotiations.
• Coastal Mortgage Group leased 825 square feet of office space at 1206 Laskin Road in Virginia Beach.  Vivian Turok and Elizabeth Paasch represented the landlord.

 

Lease Renewals

 

• Kroger renewed its lease for 59,828 square feet of retail space in Broadmoor Plaza at 1143 East Ireland Road South Bend, Indiana.  Gerald Divaris represented the landlord.
• Peninsula Institute for Community Health renewed its lease for 6,400 square feet of retail space in Armory Plaza at 1311 Armory Drive in Franklin, Va.  Kris Fuller and George Fox represented the landlord.
• Clinical Associates of Tidewater renewed its lease for 4,331 square feet of office space in Liberty Commons at 12695 McManus Blvd. in Newport News.  Karen Beale, SIOR represented the landlord.
• Kaufman and Canoles P.C. renewed its lease for 2,240 square feet of office space in Lake Center at I 501 Independence Parkway in Chesapeake.  Brian Devlin represented the landlord.
• Sierra Pacific Mortgage Company renewed its lease for 2,213 square feet of office space in Thalia One at 4164 Virginia Beach Blvd. in Virginia Beach.  Elizabeth Paasch represented the landlord.
• Great Wall Chinese restaurant renewed its lease for 1,355 square feet of retail space in Armory Plaza at 1311 Armory Drive in Franklin.  Kris Fuller and George Fox represented the landlord.
• Tops China renewed its lease for 1,263 square feet of retail space in Victory Crossing at 4000 Victory Blvd. in Portsmouth.  George Fox represented the landlord.
• OS4 Labor renewed 1,260 square feet of retail space in Victory Crossing at 4000 Victory Blvd., in Portsmouth. George Fox represented the landlord.
• HUTCO renewed its lease for 880 square feet of office space in Technology Center at 813 Diligence Drive in Newport News.   Karen Beale, SIOR 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 31 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.