Divaris Real Estate’s Hampton Roads Office Completes 15 Transactions for 89,747 SF

1/12/18

Divaris Real Estate, Inc. (DRE) announces the completion of 15 transactions for 89,747 square feet of new and renewed commercial space handled by the brokers in the Hampton Roads, Virginia offices.

Holland House Apartments, LLC purchased Holland House Apartments, located at 200 Drummond Place in Norfolk, Va, from Holland Associates, a general partnership, for $2,347,000 as an off-market transaction. The 35,524-square-foot, four-story property is comprised of 24 one- and two-bedroom apartments. The historic building on The Hague River in the Ghent section of the city was built in 1904. DRE’s George Fox brokered the sale on behalf of the buyer.

Lease Transactions

YMCA of South Hampton Roads leased 5,799 square feet of retail space located at 205 Town Center Drive in the Town Center of Virginia Beach. Michael Divaris, Vivian Turok and Krista Costa represented the landlord in the lease negotiations. Town Center of Virginia Beach is leased by Divaris Real Estate and managed by Divaris Property Management Corp.

Signs by Tomorrow leased 3,523 square feet of retail space in the Divaris-leased and -managed Oyster Point Square located at 11712 Jefferson Avenue in Newport News, Va. DRE’s George Fox handled the lease negotiations on behalf of the landlord. Other tenants in Oyster Point Square include Food Lion and Family Dollar.

Signature Canvas Markers leased 2,500 square feet of retail space in the Divaris-leased 9 South Mallory Street in Hampton, Va. DRE’s Missy Martinovich represented the landlord in the lease negotiations.

Fish Safari leased 2,500 square feet of retail space in the Divaris-leased and -managed Salem Crossing Shopping Center located at2029 South Lynnhaven Parkway in Virginia Beach. Levi Thomson represented the landlord in the lease negotiations. Salem Crossing is anchored by Wal-Mart and Kroger Training Center with tenants that include SkyZone, Cato, Sally's Beauty, and Bangkok Garden, along with McDonalds, Chick-Fil-A, Taco Bell, and Starbucks on outparcels.

Dermalogica leased 2,427 square feet of office space in Parkwood Place located at 5601 Democracy Drive in Plano, Texas. Michael Divaris, Vivian Turok and Krista Costa represented the tenant in the lease negotiations. Divaris has been the exclusive real estate representative of Dermalogica for over 16 years for its real estate requirements in the U.S. and Canada. DRE has completed over 30 transactions including securing business unit offices in major cities across the country, placement of a distribution center on the East Coast, and relocation of Dermalogica’s global operations headquarters and distribution facility in Los Angeles.

The Honeybaked Ham Co. & Café leased 1,958 square feet of retil space in the Divaris-leased Lynnhaven North Shopping Center located at 2701 North Mall Drive in Virginia Beach. DRE’s David Redmond represented the landlord in the lease negotiations.

Thor Solutions leased 1,623 square feet of office space in the Divaris-leased and -managed One Columbus Center located at 283 Constitution Drive in Virginia Beach. Michael Divaris, Turok and Costa represented the landlord while DRE’s Jason Oliver handled the lease negotiations on behalf of the tenant.

Sunrise Counseling and Psychological Services leased 1,568 square feet of office space in the Divaris-leased Windwood Centre located at 780 Lynnhaven Parkway in Virginia Beach. Turok and Elizabeth Paasch represented both the landlord and the tenant in the lease negotiations.

Marsh & McLennan Agency leased 1,414 square feet of new expansion space and renewed its existing 8,452 square feet of office space in the Armada Hoffler Tower located at 222 Central Park Avenue in the Town Center of Virginia Beach. Michael Divaris, Turok and Costa represented the landlord in the lease negotiations.

Zontini Link leased 1,250 square feet of retail space in the Divaris-leased Larkspur Square shopping center located at 4730 Princess Anne Road in Virginia Beach. DRE’s Kayla Olson represented the landlord in the lease negotiations. Other tenants in Larkspur Square include: 21 Burgers, The Fitness Lab, Great Praise Church, Yama Sushi and Sneaky Pete’s Bar and Grill.

Simply Panache Products leased 581 square feet of retail space at 23 South Mallory Street in Hampton, Va. Martinovich represented the landlord in the lease negotiations.

Lease Renewals

The Lincoln National Life Insurance Company renewed its lease for 11,699 square feet of office space; and Peter D. Schenck renewed a lease for 4,218 square feet of office in One Columbus Center located at 283 Constitution Drive in Virginia Beach. Michael Divaris, Turok and Costa represented the landlord.

Medical and Surgical Eye Specialists renewed its lease for 4,711 square feet of office space in Interstate Corporate Center located at6315 North Center Drive in Norfolk, Va. Paasch represented the tenant 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.

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