Divaris Real Estate’s Hampton Roads Office Negotiates Five Transactions Totaling 30,979 Square Feet

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of the following five transactions totaling 30,979 square feet of new and renewed commercial space throughout the Hampton Roads market.


Sale Transaction


Wendy’s Properties purchased 0.75 acres of land located at 433 Chestnut Street in Portsmouth, Virginia from the Portsmouth Redevelopment and Housing Authority for $495,000.   DRE’s Levi Thomson brokered the sale on behalf of the seller.


New Transactions


Serco leased 17,457 square feet of Divaris-leased office space located at 5700 Thurston Avenue in Virginia Beach.  Krista Costa and Katherine Olson represented the landlord in the lease negotiations.


Thai Best leased 1,875 square feet of retail space in the Divaris-leased and -managed Glenwood Shoppes located at 8401 Hampton Boulevard in Norfolk, Va.  David Bickford represented the landlord in the lease negotiations.  Other tenants in Glenwood Shoppes include:  Food Lion, Dollar General, Pizza Hut, Subway and Hair Cuttery.


Lease Renewals

Keller Williams Realty renewed its lease for 10,372 square feet of office space in the Divaris-leased and -managed One Columbus Center located at 283 Constitution Drive in the Town Center of Virginia Beach.   Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations.


Edward D. Jones & CO., L.P. renewed its lease for 1,275 square feet of office space in the Divaris-leased Harbour Breeze Professional Center located at 1500 Breezeport Way in Suffolk, Va.  Costa and Olson represented the landlord in the lease negotiations.


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.