Divaris Real Estate Announces $27 Million and 287,342 Square Feet in Completed Transactions for May 2019

Divaris Real Estate Announces $27 Million and 287,342 Square Feet in Completed Transactions for May 2019

 

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of 44 transactions totaling $26,627,071 and 287,342 square feet and 7.5 acres of sold, leased and renewed commercial property throughout Virginia; North and South Carolina and metropolitan Washington, DC markets in May 2019.

 

Sales Transactions

• VRE Walkersville, LLC purchased a one-acre property at 8411 Woodsboro Pike in Walkersville, Md from Mohammad Reza Emam and Atiyeh Emam for $1,250,000.   Rob Gray represented the sellers.  The buyer, Texas-based Verdad Real Estate, is a preferred 7-Eleven gas and convenience store developer.
• Panera, LLC purchased 1.1 acres of land in Hampton Roads Crossing at 1009 University Boulevard in Suffolk, Va from Terry/Peterson Investment Thrifty, LLC. for $950,000. The fast-casual bakery-café will build a 4,500-square-foot location on the outparcel land.  Levi Thomson represented the seller.
• 1249 Bladensburg, LLC purchased a 3,459-square-foot retail property at 3220 Old Lee Highway in Fairfax, Virginia from Roger Dodger II, LLC for $875,000.   Rob Gray, Joe Farina and Tony Thur represented the seller.
• Halle Properties, LLC purchased 1.12 acres of land at 12030 Jefferson Davis Highway in Richmond, from The Alexander Family Trusts, for $830,000.   The land will be used for the development of a Discount Tire store.  Read Goode and Cheryle Toy represented the seller.
• Thakor Family Enterprises, LLC purchased 4.3 acres of land at the Village at Swift Creek at 4750 Craig Rath Boulevard in Midlothian, Va.  for $670,000 from BT Rath Boulevard, LLC.  Brett McNamee and Debbie Wake represented the seller.

 

Lease Transactions

• Howard Hanna Real Estate Services leased 15,531 square feet of office space in the Pembroke Office Park at 291 Independence Boulevard in Virginia Beach.  Jason Oliver, CCIM represented the tenant.
• Aaron’s leased 7,040 square feet of retail space in Ahoskie Commons at 1474 East Memorial Drive in Ahoskie, NC.  George Fox represented the landlord.

• Soles4Souls leased 7,000 square feet of industrial space at 1700 Jefferson Davis Highway in Richmond.  Cheryle Toy represented the tenant.
• Werner Enterprises leased 6,327 square feet of office space in the Bank of America building at 2601West Broad Street in Richmond. Eric Hammond represented the tenant.
• Wood & Iron Gameday Restaurant and Bar leased 5,217 square feet of retail space at 1403 Roseneath Road in Richmond.  Read Goode and Cheryle Toy represented the landlord.
• Hibbett Sporting Goods extended its lease for 5,000 square feet in Waynesboro Town Center at 740 Town Center Drive in Waynesboro, Va.  Ali McCrickard, Brett McNamee and Laikyn Severson represented the landlord.
• The Federal Savings Bank leased 4,587 square feet of office space in the Union Bank Building at 603 Pilot House Drive in Newport News, Va.  Karen Beale, SIOR represented the landlord.
• Shoe Trends leased 4,500 square feet of retail space in Marlow Heights Shopping Center at 4005 Branch Avenue in Temple Hills, Md.  Joe Farina and Chris Saa represented the landlord.
• Vino Italian Bistro leased 4,000 square feet of retail space in Fairfield Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach.  George Fox represented the landlord.
• Choate Construction Company leased 3,497 square feet of office space in Providence Plaza at 2907 Providence Road in Charlotte, NC.  Charles Neil represented the landlord.
• Orangetheory Fitness leased 3,000 square feet of retail space in Greenbrier South at 801 Volvo Parkway in Chesapeake, Va.  George Fox represented the tenant.
• American Addiction Treatment Center leased 3,000 square feet of office space in Liberty Commons at 12695 McManus Boulevard in Newport News, Va.  Karen Beale, SIOR represented the landlord.
• Crazy Sushi Asian Bistro leased 2,602 square feet of retail space in the Pender Village Shopping Center at 3903 Fair Ridge Drive in Fairfax, Va.  Joe Farina and Chris Saa represented the landlord.
• Business Cashflow Solutions leased 2,583 square feet of office space in Fountain Park at 9327 Midlothian Turnpike in Richmond.  Eric Hammond, Laikyn Severson and John Madures represented the landlord.
• ProModel Corporation subleased 2,526 square feet of office space at 477 Viking Drive in Virginia Beach.  Krista Costa and Nicole Campbell represented the sub-tenant.   
• Far Soltanian Family Dentistry leased 2,100 square feet of retail space at 4121 North Meadowdale Boulevard in North Chesterfield, Va.  John Madures represented both the tenant and the landlord.
• Innate Networks leased 1,837 square feet of office space in Greenbrier Towers II at 870 Greenbrier Circle in Chesapeake, Va.  Elizabeth Napolitano represented the tenant.
• Virginia Nurses Association leased 1,751 square feet of office space at 2819 North Parham Road in Henrico, Va. Eric Hammond and Dean Foster represented the landlord.
• New Virginia Majority leased 1,620 square feet of office space in Northampton Executive Center at 1300 Diamond Springs Road in Virginia Beach.  Krista Costa and Nicole Campbell represented the landlord.
• The Spa at East Beach with Regina leased 1,600 square feet of office space at 4486 Pleasant Avenue in Norfolk.  Krista Costa and Nicole Campbell represented the landlord.
• Stem Tree Learning leased 1,600 square feet of retail space in The Heights at Goose Creek at Sycolin Road Building 3 in Ashburn, Va.  Rob Gray and Tony Thur represented the tenant.
• Edward Jones leased 1,440 square feet of retail space in the Shoppes at the Landing at 221 Latitude Lane in Lake Wylie, SC.  Diana Teitsma and Charles Neil represented the landlord.
• Nail Palace leased 1,440 square feet of retail space in the Shoppes at the Landing at 221 Latitude Lane in Lake Wylie, SC.  Diana Teitsma and Charles Neil represented the landlord.
• Domino’s leased 1,432 square feet of retail space in East Beach Marketplace at 4017 East Little Creek Road in Norfolk, Va.  George Fox represented the landlord.
• Bishops Cut and Color leased 1,350 square feet of retail space in Hickman Place at 2212 General Booth Boulevard in Virginia Beach.  Elizabeth Napolitano represented the tenant.
• Seafood Shack leased 1,200 square feet of retail space in Oyster Point Square at 11710 Jefferson Avenue in Newport News, Va.  George Fox represented the landlord.
• Kavacha Hair Salon leased 1,200 square feet of freestanding retail space at 5600 Ager Road in Hyattsville, Md.  Joe Farina and Amit Grover represented the landlord.

 

Lease Renewals

• Kohl’s renewed its lease for 86,584 square feet in Parkridge Center at 11096 Bulloch Drive in Manassas, Va.  Gerald Divaris and Joe Farina represented the landlord.
• Hobby Lobby renewed its lease for 58,000 square feet of retail space in North Hampton Market Shopping Center at 6007 Wade Hampton Boulevard in Taylors, SC.  Diana Teitsma and Charles Neil represented the landlord.
• Liberty Source PBC renewed four leases that total 25,698 square feet of office space on the historic former army base Fort Monroe.  The spaces include 6,727 square feet at 84 Patch Road, 6,492 square feet at 351 Fenwick Road, 6,479 square feet at 355 Fenwick Road, and 6,000 square feet at 92 Patch Road.  Elizabeth Napolitano and Chris Bendit represented the landlord.
• Morton G. Thalhimer renewed its lease for 7,632 square feet of office space in the Armada Hoffler Tower at 222 Central Park Avenue in the Town Center of Virginia Beach.  Michael Divaris, Vivian Turok and Krista Costa represented the landlord.
• 7 Cities Vapes renewed its lease for 2,380 square feet of retail space in York River Crossing at 2353 York Crossing Drive in Hayes, Va.  Aeri Jai and Mary McGovern represented the landlord.
• Fairfield Flowers renewed its lease for 1,440 square feet of retail space in Fairfield Shopping Center at 5194 Fairfield Shopping Center in Virginia Beach.  George Fox and Kris Fuller represented the landlord.
• Edward Jones renewed its lease for 1,255 square feet of retail space in Providence Plaza at 2907 Providence Road in Charlotte, NC.  Charles Neil represented the landlord.
• Best Family Hairstyling renewed its lease for 1,008 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.
• Gold Rush Jewelers renewed its lease for 600 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.

 

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, 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 30 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.