Divaris Real Estate Announces $40 Million and 403,792 Square Feet in Completed Transactions for December 2019

 

VIRGINIA BEACH, VIRGINIA (January 10, 2020) – Divaris Real Estate, Inc. (DRE) announces the company’s strongest month in recent history with 22 transactions totaling $40,324,481 and 403,792 square feet of sold, leased and renewed commercial properties throughout Virginia; the Carolinas and Washington, DC in December 2019.

 

Sales Transactions

  • Colterra Capital Corporation purchased the 136,082-square-foot Colonnades West on 14.73 acres at West Broad St. and Cox Road in Richmond, from PF Colonnades Corporation for $21,760,000.  Read Goode and Cheryle Toy represented the seller.
  • Golden 221, LLC purchased a 138,800-square-foot industrial property on 15 acres at 221 Progress Parkway in Franklin, Va from LB-UBS 2007-C6 Progress Parkway, LLC.  Jason Oliver represented the seller and David Bickford represented the international buyer, GMAX Industries, Inc.
  • Capital Square Development, LLC purchased 21,700 square feet or .5 acres at 3001-3009 West Leigh St. in Richmond, Va, from Cash Properties for $1,800,000.  Read Goode and Cheryle Toy represented the buyer.
  • Barter Town, LLC purchased a 4,970-square-foot office building at 12205 Gayton Road in Henrico, Va, from Blair and Blair Properties, LLC for $805,000.  Sara Goodall represented the buyer.
  • The Catholic Diocese of Richmond, Virginia purchased 1.36 acres at 19-29 Water St. in Hampton, Va from Ocean Properties, LLC for $750,000.  Missy Martinovich represented the buyer.
  • Phoebus United Methodist Church purchased .67 acres at 104 South Willard Ave. in Hampton, Va from Ocean Products Research, Inc. for $240,000.  Missy Martinovich represented both the buyer and the seller.
  • William L. Hardin, Jr. purchased a 3,430-square-foot Hardee’s at 6727 Jordan Road in Ramseur, NC, from Hardee’s Restaurant, LLC for $180,000.  Diana Teitsma represented the seller.

 

Lease Transactions

  • Haverty’s Furniture Company leased 30,972 square feet of retail space in Seaboard Commons at 1100 Seaboard St. in Myrtle Beach, SC.   Diana Teitsma represented the tenant.
  • Old Navy leased 12,850 square feet of retail space in Waynesboro Town Center at 831 Town Center Drive in Waynesboro, VA.  Brett McNamee, Ali McCrickard and Laikyn Severson represented the landlord.
  • Mezeh Mediterranean Grill leased 2,588 square feet of retail space in Twin Lakes Center at 1125 Hatches Pond Lane in Morrisville, NC.  Diana Teitsma represented the landlord.
  • The Bowls leased 2,435 square feet of retail space in Twin Lakes Center at 1125 Hatches Pond Lane in Morrisville, NC.  Diana Teitsma represented the landlord.
  • Domoishi leased 2,204 square feet of retail space in The Standard student apartments at 853 West Main St. in Charlottesville, Virginia.   Aeri Jai represented the tenant.
  • Domoishi leased 1,600 square feet of retail space in Red Mill Walk at 2217 Upton Drive in Virginia Beach.   Aeri Jai represented the tenant.
  • Premier Martial Arts leased 1,463 square feet of retail space in Twin Lakes Center at 1125 Hatches Pond Lane in Morrisville, NC.  Diana Teitsma represented the landlord.

 

Lease Renewals

  • Decks and Docks Lumber Company renewed its lease for 18,000 square feet of retail space at 4387 Portsmouth Blvd. in Portsmouth, Va.  David Bickford represented the landlord.
  • Dollar Tree renewed its lease for 10,752 square feet of retail space in Jackson Downs Shopping Center at 3135 Lebanon Pike in Nashville, TN.  Gerald Divaris represented the landlord.
  • Funny Bone Comedy Club and restaurant renewed its lease for 6,735 square feet of retail space at 217 Central Park Ave. in Town Center of Virginia Beach.   Gerald Divaris, Erica Rorrer and Sezin Cortinas represented the landlord.
  • First Command renewed its lease for 4,218 square feet of office space in One Columbus Center at 283 Constitution Drive in the Town Center of Virginia Beach.   Michael Divaris, Vivian Turok and Krista Costa represented the landlord.
  • Here2Hear renewed its lease for 1,447 square feet of office space in Fountain Park at 9327 Midlothian Turnpike in Richmond.   Laikyn Severson and Madeleine Alderman represented the landlord.
  • ODL Services renewed its lease for 1,199 square feet and expanded for a total of 2,363 square feet of office space in One Columbus Center at 283 Constitution Drive in the Town Center of Virginia Beach.   Michael Divaris, Vivian Turok and Krista Costa represented the landlord.
  • Nails N Spa renewed its lease for 1,181 square feet of retail space in Wendover Village at 4203 West Wendover Ave. in Greensboro, NC.  Charles Neil 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 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.