Divaris Real Estate Announces $35.4 Million and 383,599 Square Feet in Completed Transactions for June 2020

Divaris Real Estate Announces $35.4 Million and 383,599 Square Feet in Completed Transactions for June 2020

 

VIRGINIA BEACH, VA (July 7, 2020) — Divaris Real Estate, Inc. (DRE) announces the completion of 27 transactions totaling $35,402,026 and 383,599 square feet of sold, new or renewed leases in commercial properties throughout Hampton Roads, Virginia in June 2020.

Sale Transaction

TowneBank and CHKD have purchased the Arnold B. McKinnon tower at 3 Commercial Place in Norfolk from Norfolk Southern Railroad.  The 22-story, 310,745-square-foot building was bought along with a 744-space parking garage connected to the tower by a sky bridge.  Gerald Divaris, Michael Divaris and Jason Oliver represented TowneBank.

Lease Transactions

• Spirit Halloween leased 7,400 square feet of retail space in East Beach Marketplace at 4027 East Little Creek Road in Norfolk.  Kris Fuller and George Fox represented the landlord.
• Adaptive Aerospace Group leased 3,629 square feet of office space in Oxford Plaza at 1 Enterprise Parkway in Hampton, Va.   Nicole Campbell and Brian Devlin represented the landlord.
• 1865 Brewery Company leased 2,521 square feet of retail space at 9 South Mallory St. in Hampton.  Missy Martinovich represented the landlord.
• Wishing Well Counseling Center leased 2,040 square feet of retail space in Popular Hill Professional Center at 4037-4057 Taylor Road in Chesapeake, Va.  Elizabeth Napolitano and Nicole Campbell represented the landlord.
• Ion Solar leased 1,997 square feet of office space at 5700 Thurston Ave. in Virginia Beach.   Krista Costa and Nicole Campbell represented the landlord.
• Independent Plan Coordinators leased 1,573 square feet of office space at 616 Village Drive in Virginia Beach.  Nicole Campbell and Krista Costa represented the landlord.
• Great Lakes Dredge & Dock Company leased 1,200 square feet of retail space in East Beach Marketplace at 4027 East Little Creek Road in Norfolk.  Kris Fuller and George Fox represented the landlord.
• C1 Vision Hair Studio leased 976 square feet of office space at 1789 London Bridge Road in Virginia Beach.   Nicole Campbell and Krista Costa represented the landlord.

 

Lease Renewals

• Woolpert renewed its lease for 11,259 square feet of office space in Independence Place at 676 Independence Parkway in Chesapeake, Va.  Brian Devlin represented the landlord.
• Marathon Consulting renewed its lease for 9,007 square feet of retail space in Five Columbus Center at 4525 Columbus St. in the Town Center of Virginia Beach.  Michael Divaris and Jason Oliver represented the landlord while Sezin Cortinas represented the tenant.
• P.F. Chang’s China Bistro renewed its lease for 7,005 square feet of retail space in the Town Center of Virginia Beach at 4551 Virginia Beach Blvd. Gerald Divaris, Erica Rorrer and Sezin Cortinas represented the landlord.
• Hair Zone Beauty Supply renewed its lease for 3,200 square feet of retail space in Oyster Point Square at 11710 Jefferson Ave. in Newport News, Va. Caroline Zarpas and George Fox represented the landlord.
• Sentara Medical Group renewed its lease for 2,750 square feet of office space at 114 North Main St. in Suffolk.  George Fox represented the landlord.
• A-Tech Systems renewed its lease for 2,647 square feet of office space in Southport Trade Center at 349 Southport Circle in Virginia Beach.  Vivian Turok and Elizabeth Napolitano represented the landlord.
• AMG National Trust Bank renewed its lease for 1,970 square feet of office space in Windwood Centre at 780 Lynnhaven Parkway in Virginia Beach.  Elizabeth Paasch represented the landlord.
• Rock Bottom Golf renewed its lease for 1,801 square feet of office space in Harbour Breeze Professional Center at 1500 Breezeport Way in Suffolk.  Krista Costa and Nicole Campbell represented the landlord.
• Applied Research Associates renewed its lease for 1,649 square feet of office space in Harbour Breeze Professional Center at 1500 Breezeport Way in Suffolk, Va.  Krista Costa and Nicole Campbell represented the landlord.
• Pizza Hut renewed its lease for 1,500 square feet of retail space in Glenwood Shoppes at 8401 Hampton Blvd. in Norfolk.  David Bickford represented the landlord.
• California Nails renewed its lease for 1,500 square feet of retail space in East Beach Marketplace at 4027 East Little Creek Road in Norfolk.  Kris Fuller and George Fox represented the landlord.
• Discount Dry Cleaners renewed its lease for 1,400 square feet of retail space in Oyster Point Plaza at 300-350 Oyster Point Road in Newport News.  George Fox represented the landlord.
• Pale Horse Coffee expanded its space in Berkshire Shops by 1,400 square feet of retail space at 1296 South Battlefield Blvd. in Chesapeake, Va.   Elizabeth Paasch represented the landlord.
• Casual Fun renewed its lease for 1,200 square feet of retail space in Suffolk West Plaza at 837 West Constance Road in Suffolk.  Caroline Zarpas and George Fox represented the landlord.
• Dragon City renewed its lease for 1,200 square feet of retail space in Academy Crossing at 3208 Academy Ave. in Portsmouth, Va.   David Bickford represented the landlord.
• Kappatal Cuts renewed its lease for 1,000 square feet of retail space in Victory Crossing at 4000 Victory Blvd. in Portsmouth.   George Fox represented the landlord.
• Serenity Nails renewed its lease for 900 square feet of retail space in Academy Crossing at 3216 Academy Ave. in Portsmouth, Va.   David Bickford represented the landlord.
• Hand & Stone Massage & Facial expanded its space in Columbus Village at 4485 Virginia Beach Blvd. in the Town Center of Virginia Beach. Gerald Divaris, Erica Rorrer and Sezin Cortinas represented the landlord and George Fox represented the tenant.

 

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 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.