NORFOLK, VA – (September 2016) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $22 million in sales and lease volume on 304,747 square feet and 5.7 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Popeye’s Louisiana Kitchen has ground leased 25,154 square feet of outparcel space at Towne Square Shopping Center in Roanoke, VA. Nathan Shor represented the tenant.
- Salvation Army Family Store has leased 12,550 square feet of retail space at 2340 E. Little Creek Road in Norfolk, VA. Michael Myers represented the tenant.
- Pleasant’s Hardware has leased 6,187 square feet of warehouse space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
- HEA Living has leased 5,600 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Applebee’s Neighborhood Grill & Bar has leased 5,130 square feet of retail space at the Wells Fargo Center in Norfolk, VA. Richard M. Jacobson and Sharon Swanberg represented the landlord.
- Applebee’s Neighborhood Grill & Bar has leased 4,693 square feet of retail space at Little Creek Marketplace ion Norfolk, VA. Chris Hucke represented the landlord.
- Garrett’s Automotive has leased 4,700 square feet of retail space at 707 Research Road in Richmond, VA. Elliot Warsof represented the landlord.
- Cookies and Cakes of VA has leased 1,300 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
- Alkalicious – Cold Pressed Juice Bar has leased 1,274 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
- Ocean View Massage Therapy has leased 1,080 square feet of retail space at Lynn Shores Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- A Peach in a Pear Tree has leased 918 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
SALE TRANSACTIONS:
- Roseleigh Partners, LLC has purchased multiple warehouse buildings totaling 70,000 square feet on 2.6 acres located at 1408 Roseneath Road and 1508 Belleville Street in Richmond, VA from Belleville St. Associates for $3,460,000. Nathan Shor and Reid Cardon represented the seller.
- Summit Suites, LLC has purchased 4 office buildings totaling +50,000 square feet located at 3117 W. Clay Street and 3105-3122 W. Marshall Street in Richmond, VA for $2,775,000. Nathan Shor ad Reid Cardon represented the seller.
- 244 Granby LLC has purchased a 26,925 square foot retail building on .21 acre located at 244-250 Granby Street in Norfolk, VA from Leans Partnership for $1,725,000. Mike Zarpas represented the seller.
- EBJ Properties, LLC has purchased a 10,254 square foot industrial building on 1.58 acre located at 420 E. 20th Street in Norfolk, VA from Todani International Holdings, LLC for $700,000. Stephanie Sanker, CCIM, SIOR and Martin Murden represented the buyer.
- HPR, LLC has purchased a 6,400 square foot commercial building on .16 acre located at 329 Virginia Beach Boulevard in Virginia Beach, VA from Griggs Revocable Living Trust for $495,000. Michael Myers represented the buyer.
- Bowen Family Holdings, LLC has purchased a 5,677 square foot laundromat/car wash building on .67 acre located at 1203 and 1207 W. Little Creek Road in Norfolk, VA from Jose M. Dayoan and Joana I. Dayoan for $380,000. Seth Norman and Chris Devine represented the seller.
- Bountiful Blessings Day Care, LLC has purchased a 3,331 square foot office building on .318 acre located at 2115 High Street in Portsmouth, VA from GHH Loudon High, LLC for $279,000. Michael Myers handled the transaction.
- GI Industrial Marine, LLC has purchased a 2,550 SF industrial building on .17 acre located at 2100 Columbia Street in Portsmouth, VA from Wayne and Cindy Smiley for $150,000. Chris Zarpas represented the seller.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Dollar Tree has extended its lease on 24,490 square feet of retail space at Warwick Village in Newport News, VA. Tyler Jacobson represented the landlord.
- Dollar Tree has exercised its option on 10,500 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
- Michael C. Shuck, D.D.S., P.C. has expanded and extended its lease on 5,000 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Encompass Home Health of the Mid Atlantic has expanded and extended its lease on 4,032 square feet of office space at the Culpepper Building in Richmond, VA. Nathan Shor represented the tenant.
- Puritan Cleaners has renewed its lease on 3,200 square feet of retail space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
- Dragon Garden has extended its lease on 2,500 square feet of retail space at Warwick Village in Newport News, VA. Tyler Jacobson represented the landlord.
- Artisan Body Piercing, LLC has expanded and extended its lease on 2,448 square feet of retail space located at Military Square Shopping Center in Norfolk, VA. Mike Zarpas represented the landlord.
- VA ABC Store has extended its lease on 2,464 square feet of retail space at Smithfield Square in Smithfield, VA. Chris Hucke represented the landlord.
- Fulton Bank has exercised its option on 2,400 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard M. Jacobson represented the landlord.
- Nail Image II has extended its lease on 1,200 square feet of retail space at College Park Square I in Virginia Beach, VA. Tyler Jacobson represented the landlord.
- Sassy Nails has exercised its option on 1,200 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
- Great Wall Kitchen has extended its lease on 1,000 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
- Yi’s Alterations has extended its lease on 600 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
With over 115 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.
