Credit Remains King in Multi-Unit Franchise Lease Negotiations
Thanks to the strengthening U.S. economy, both rents and occupancies are on the rise at better shopping centers around the country. Does this mean multi-unit franchisees are losing leverage in lease negotiations? Not necessarily. To be sure, landlords today can be a bit more aggressive provided their centers are well located and enjoy strong foot…
DRE’s Washington DC Office Completes Six Leases for 69,700 Sq. Ft.
VIRGINI BEACH, VIRGINIA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of six leases totaling 69,700 square feet of retail space in the metropolitan Washington DC market. Negotiations were handled through the Washington DC office of DRE. Hobby Lobby leased 57,497 square feet of retail space in the…
DRE Completes Three Leases for Commercial Space in Hampton Roads
VIRGINIA BEACH, VA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the completion of three lease transactions totaling 9,122 square feet of commercial space. Langley Federal Credit Union renewed its lease for 4,200 square feet of retail space in the Divaris-leased and -managed Willow Oaks Village Square located…