Divaris Real Estate Announces $20.8 Million and 222,467 Square Feet in Completed Transactions for August 2020

Divaris Real Estate Announces $20.8 Million and 222,467 Square Feet in Completed Transactions for August 2020

 

VIRGINIA BEACH, VA (September 11, 2020) — Divaris Real Estate, Inc. (DRE) announces the completion of 37 transactions totaling $20,784,272 and 222,467 square feet of sold, new or renewed leases in commercial properties throughout Hampton Roads, Central Virginia, North and South Carolina in August, 2020.

 

Sale Transactions

• JPM Real Estate Va, LLC purchased the Dunkin and Subway leased strip center at 208 Birdneck Road North in Virginia Beach from Kaveri Enterprises, LC for $1,377,500. George Fox represented the buyer.
• Brickhouse Court, LLC sold an 11,570-square-foot office building at 3083 Brickhouse Court in Virginia Beach to MPN Group LLC for $1,300,000.  Michael Divaris and Jason Oliver represented the seller.

• Net Lease Development, LLC purchased 4.5 acres of land at 9291 Community Lane in Petersburg, Va from Wagner Properties, Inc for $1,025,000.  George Fox represented the buyer.
•  Talley Properties, LLC purchased 19.4 acres of land at 11600 Old Stage Road in Chester, Va, from Old Stage Road, LLC for $919,100.  The Richmond office of Divaris Real Estate represented the buyer.
• Hardee’s Restaurants, LLC sold a 3,250-square-foot retail building at 1207 Cherokee Ave. in Gaffney, South Carolina, to Town Grill and Pizza, Inc. for $160,000.  Diana Teitsma represented the seller.

 

Lease Transactions

 

• Coast Guard Exchange leased 22,000 square feet of retail space in Las Catalinas North Shopping Center at 1506 Las Americas Expressway in Caguas, Puerto Rico.  Gerald Divaris represented the tenant.
• Second Chance Thrift leased 11,084 square feet of retail space in Lake Shores Plaza at 5193 Shore Drive in Virginia Beach.  David Bickford represented the landlord.
• Container Products Corporation leased 10,460 square feet of industrial space in Atando Business Park at 3545 Asbury Ave. in Charlotte.  Charles Neil represented the tenant.
• Burn Boot Camp leased 5,306 square feet of retail space in Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach.  Kris Fuller and George Fox represented the landlord.
• The Fishin’ Hole leased 4,800 square feet of retail space in Suffolk West Plaza at 837 West Constance Road in Suffolk, Va.  George Fox and Caroline Zarpas represented the landlord.
• The Egg Bistro leased 3,726 square feet of office space in Haygood Shopping Center at 1021 Independence Blvd. in Virginia Beach.  George Fox and Kris Fuller represented the landlord.
• Promodel Corporation leased 2,526 square feet of office space in Pinehurst Centre at 477 Viking Drive in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant.
• Innovative Behavioral Health Solutions leased 2,100 square feet of office space at 307 West Brookland Park Blvd. in Richmond.  Brett McNamee represented the tenant.
• Beach Chiropractic Center leased 2,068 square feet of office space in Corporate Landing Medical Center at 1232 Perimeter Parkway in Virginia Beach. Krista Costa and Nicole Campbell represented the landlord.
• Her She Shed leased 2,000 square feet of retail space in Victorian Square Shopping Center at 10839 Hull Street Road in Midlothian.  John Madures represented the landlord.
• Taco Vamonos leased 1,800 square feet of retail space in Hayes Shopping Center at 7254 George Washington Memorial Highway in Hayes, Va.  Kris Fuller and George Fox represented the tenant.
• Solvere Living leased 1,500 square feet of retail space in East Beach Marketplace at 4027 East Little Creek Road in Norfolk, Va.  Kris Fuller and George Fox represented the landlord.
• WingStop leased 1,500 square feet of retail space in Holland Plaza Shopping Center at 4356 Holland Road in Virginia Beach.  Levi Thomson represented the tenant.
• April Ryerson leased 1,250 square feet of retail space in Larkspur Square at 4700-4736 Princess Anne Road in Virginia Beach.  Elizabeth Paasch represented the landlord.
• The Powder Room leased 1,098 square feet of retail space in Elmhurst Square at 5600 Portsmouth Blvd. in Portsmouth, Va.  George Fox and Caroline Zarpas represented the landlord.
• The Hemp Post leased 1,080 square feet of retail space in Roosevelt Gardens at 2300 East Little Creek Road in Norfolk.   Kris Fuller and George Fox represented the landlord.
• InnerVision Realty leased 967 square feet of office space in Fountain Park at 9327 Midlothian Turnpike in Midlothian, Va.  Madeleine Alderman and Jimmy Cunneen represented the landlord.                         
• Brandon & Woo Hutchinson leased 880 square feet of retail space in Princess Anne Executive Park at 2397 Liberty Way in Virginia Beach.  Elizabeth Paasch represented the landlord.
• Pfeiffer leased 697 square feet of office space in Convergence Center at 200 Bendix Road in Virginia Beach.  Krista Costa and Nicole Campbell represented the tenant.

 

Lease Renewals

 

• Ultralife renewed its lease for 35,522 square feet of office space in Airport Business Center at 1457 Miller Store Road in Virginia Beach.  Brian Devlin represented the landlord.
• Schenker renewed 26,283 square feet of office space in Liberty I at 1305 Executive Blvd. in Chesapeake, Va.  Brian Devlin represented the landlord.
• Invictus International Consulting renewed 6,503 square feet of office space in Mast One at 1040 University Blvd. in Portsmouth, Va.  Krista Costa and Nicole Campbell represented the tenant.
• Dollar General renewed its lease for 6,000 square feet of retail space in Diamond Springs North at 1948 Diamond Springs Road in Virginia Beach.  Kris Fuller and George Fox represented the landlord.

• Fresenius Kidney Care renewed its lease for 4,800 square feet of retail space in Armory Plaza at 1311 Armory Drive in Franklin, Va.  George Fox represented the landlord.
• Five Guys renewed its lease for 4,200 square feet of retail space in Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach.  George Fox and Kris Fuller represented the landlord.
• Mattress Firm renewed its lease for 4,000 square feet of retail space in North Hampton Market at 6003 West Wade Hampton Boulevard in Taylors, South Carolina. Diana Teitsma and Charles Neil represented the landlord.
• Eyemart Express, LLC renewed its lease for 3,586 square feet of retail space in Wendover Village at 4203 West Wendover Ave. in Greensboro, NC.  Charles Neil represented the landlord.

• Mattress Firm renewed its lease for 3,243 square feet of retail space in Wendover Village at 4203 West Wendover Avenue in Greensboro, North Carolina.  Charles Neil represented the landlord.
• McLean Mortgage renewed 2,657 square feet of office space in Reflections I at 2809 South Lynnhaven Road in Virginia Beach.  Brian Devlin represented the landlord.

• Grandbridge Real Estate Capital renewed its lease for 2,227 square feet of office space in the Dominion Tower Building at 999 Waterside Drive in Norfolk.  Krista Costa and Nicole Campbell represented the tenant.
• Bangkok Garden renewed 2,209 square feet of retail space in Salem Crossing Shopping Center at 2029 South Lynnhaven Parkway in Virginia Beach.  Kris Fuller and Levi Thomson represented the landlord.
• Hometown Custom Cleaners renewed its lease for 1,400 square feet of retail space in the Marketplace at Oakland Shopping Center at 7237 U.S. Highway 64 in Oakland, Tennessee.  Gerald Divaris and The Gary Myers Company 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.