Divaris Real Estate Announces $16 Million and 115,000 Square Feet in Completed Transactions for August 2017

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE), announced the completion of $16,054,834 in transactions totaling 115,884 square feet of commercial property in the Hampton Roads, Washington DC, Richmond, Roanoke and Charlotte markets in August 2017.

Sales Transactions

PNC Bank sold two buildings in Annapolis, Maryland, brokered by DRE’s Joe Farina. An 8,140-square-foot property at 18 Church Circle was purchased by Douglas Development Corp for $2.3 million; and a 1,146-square-foot property at 613 Taylor Avenue sold for $725,000 to private investors that was also brokered by DRE’s Amit Grover.

New Transactions

PetSmart leased 21,629 square feet of retail space in the Divaris-leased Laurel Glen Shopping Center at 45315 Alton Lane in California, Md. Susan McGee represented the landlord.
AtCoastal leased 7,280 square feet of office space in the Divaris-leased Lynnhaven Commons at 582 Lynnhaven Parkway in Virginia Beach, Va. DRE’s Elizabeth Paasch and Elizabeth Napolitano represented the landlord.
Bryant and Stratton College leased 6,480 square feet of office/warehouse space in Oceana East Industrial Park at 564 Central Drive in Virginia Beach. DRE’s Levi Thomson represented the tenant.
Liberty Source leased 6,000 square feet of office space at 92 Patch Road in Fort Monroe, Va. Napolitano represented the landlord.
Center for Autism and Related Disorders leased 4,070 square feet of office space in Lynnhaven V at 629 Phoenix Drive in Virginia Beach. Michael Divaris represented the tenant.
PJI Law, PLC leased 3,809 square feet of office space at 3900 Jermantown Road in Fairfax, Va. Rob Gray represented the tenant.
Primary Eyecare leased 2,968 square feet of retail space in the Divaris-leased 5^th Street Station at 335 Merchant Walk Square in Charlottesville, Va. Mary McGovern, Erica Rorrer, Zach Means and Larry Agnew represented the landlord.
Dermalogica leased 2,919 square feet of office space in Baldwin Park at 4750 New Broad Street in Orlando, Florida. Michael Divaris, Krista Costa, and Vivian Turok represented the tenant.
Virginia Sports Hall of Fame Foundation leased 2,724 square feet of office space in the Divaris-leased and -managed 249 Central Park Avenue in the Town Center of Virginia Beach. Michael Divaris, Costa and Turok represented the landlord.
Dermalogica leased 2,710 square feet of office space at 9080 Irvine Center Drive in Irvine, California. Michael Divaris, Costa, and Turok represented the tenant.
Center for Autism and Related Disorders leased 2,696 square feet of office space at 4141 North Henderson Road in Arlington, Va. Michael Divaris represented the tenant.
Wingstop leased 2,370 square feet of retail space in Stonebridge Marketplace at 109 Stonebridge Plaza Avenue in Chesterfield, Va. Peter Vick and Harrison Hall represented the landlord.
Concilio Labs leased 2,347 square feet of office space in The Mile at 8000 Westpark Drive in Mclean, Va. Farina and Charlie Webb represented the tenant.
Sugar and Hive leased 2,011 square feet of retail space in the Divaris-leased GreenGate at 12191 West Broad Street in Henrico, Va. Vick and Hall represented the landlord.
Wingstop leased 2,000 square feet of retail space in North Hampton Market at 6019 Wader Hampton Boulevard in Taylors, SC. Neil and Diana Teitsma represented the landlord.
Patriot Tours and Provisions leased 1,875 square feet of office space in Building 24 at 1 Ruckman Road in Fort Monroe. Napolitano and Chris Bendit represented the landlord.
Starbucks leased 1,850 square feet of retail space in North Park Shopping Center at 8137 Brook Road in Richmond, Va. Vick and Hall represented the landlord.
Smashburger leased 1,850 square feet of retail space in the Divaris-leased Crossways Shopping Center at 1412 Greenbrier Parkway in Chesapeake, Va. DRE’s David Redmond represented the landlord.
Lendmark Financial Services leased 1,724 square feet of retail space in Tanglewood Pavilions at 3855 Conlon Way in Elizabeth City, NC. Redmond represented the landlord.
Zero’s Subs leased 1,600 square feet of retail space in Salem Crossing at 2029 South Lynnhaven Parkway in Virginia Beach. Thomson represented the tenant.
Café y Sabor leased 1,577 square feet of retail space in the Divaris-leased 360 West Shopping Center at 7102 Hull Street Road in Richmond. Sara Goodall represented the landlord.
Boyer’s Diamonds of Town Center leased 1,517 square feet of retail space in Town Center of Virginia Beach at 4545 North Main Street. Sezin Cortinas, Erica Rorrer and Gerald Divaris represented the landlord.
StateFarm Insurance leased 1,475 square feet of retail space in Stevens Mill Crossing 7850 Stevens Mill Road in Matthews, NC. Neil represented the landlord.
Professional Personnel Service leased 1,400 square feet of retail space in the Divaris-leased Freedom Plaza Shopping Center at 148 Burnetts Way in Suffolk, Va. David Bickford represented the landlord.
IFIXT, Inc leased 1,200 square feet of retail space in 5^th Street Station. McGovern, Rorrer, Means and Agnew represented the landlord.
D&M Global Group leased 1,094 square feet of office space in Interstate Corporate Center at 6325 North Center Drive in Norfolk. Napolitano represented the tenant.

Lease Renewals

Rowan/Kannapolis Alcoholic Beverage Control Board renewed its lease for 3,000 square feet of retail space in Renaissance Square at 11183 Renaissance Drive in Davidson, NC. Charles Neil represented the landlord.
Select Resources Group renewed its lease for 2,850 square feet of office space Parkway 4 Building at 2697 International Parkway in Virginia Beach. Bendit represented the landlord.
Chipotle Mexican Grill renewed its lease for 2,725 square feet of retail space in Providence Plaza at 2921 Providence Road in Charlotte. Neil represented the landlord.
Planet Beach Tanning renewed its lease for 2,100 square feet of retail space in South Square at 4001 Durham Chapel Hill Boulevard in Durham, NC. Neil represented the landlord.
Firehouse Subs renewed its lease for 2,000 square feet of retail space in Crossways Shopping Center. Redmond represented the landlord.
Port of Hampton Roads ILA Federal Credit Union renewed its lease for 1,979 square feet of office space in HRSA-ILA Benefits Building at 1355 International Terminal Boulevard in Norfolk. Eric Hammond represented the landlord.
Independent Insurance Agency of Richmond renewed its lease for 1,308 square feet of retail space in 360 West Shopping Center. Goodall represented the landlord.
Owl Incorporated renewed its lease for 1,066 square feet of office space in Harbour Centre at 2 Eaton Street in Hampton, Va. Bendit represented the landlord.
Aiya Williams renewed her lease for 395 square feet of office space Harbour Centre. Bendit 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 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.