NORFOLK, VA – (December 2016) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $19.8 million in sales and lease volume on 147,141 square feet and 13.6 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Allegra’s Gallery has leased 8,000 square feet of retail space at Holland Windsor Crossing in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- Wood and Iron has leased 6,654 square feet of retail space at The Shoppes at Bellgrade in Chesterfield, VA. Bob Butcher represented the landlord.
- Intermission Beer Company has leased 2,342 square feet of retail space at Virginia Center Commons Mall in Henrico, VA. Nathan Shor represented the landlord.
- Freedom Street Partners has leased 2,186 square feet of office space at Oakbrooke Professional Center in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR and Wade Wawner represented the landlord.
- Aurora Title, LLC has leased 2,113 square feet of office space at 2203 Pump Road in Richmond, VA. Elliot Warsof and Nathan Shor represented the tenant.
- 1st Choice Medical Billing Svc. Inc. has leased 1,515 square feet of office space at 3300 Tyre Neck Road, Suite D in Portsmouth, VA. Michael Myers represented the landlord.
- Cocoanut Jewelry has leased 990 square feet of retail space at Tuckahoe Shopping Center in Henrico, VA. Dane Wisnosky and Nathan Shor represented the tenant.
- Graves Mill Jewelry & Loan has leased 840 square feet of retail space at Waterlick Plaza in Lynchburg, VA. Nathan Shor represented the landlord.
- TAO Feet Spa has leased 700 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
- Phelps, LLC has leased 417 square feet of office space at Forrest Office Park in Henrico, VA. Elliot Warsof and Nathan Shor represented the tenant.
SALE TRANSACTIONS:
- The Shoppes at Bellgrade, LLC has sold The Shoppes at Bellgrade, a 57,000 square foot shopping center located on 10.237 acres at 11400 West Huguenot Road in Midlothian, VA for $10,867,500. Bob Butcher represented the seller.
- Wishart Associates, LLC has purchased two outparcels totaling 2.36 acres located at 1066 and 1068 Independence Boulevard in Virginia Beach, VA from Stanly E. Oliver Family, LC for $1,940,000. Matthew Nusbaum represented the buyer.
- GAR1, LLC has purchased a 20,973 square foot office/warehouse building on 1.05 acre located at 1349 Ingleside Road in Norfolk, VA from DPJ Partners, LLC for $1,000,000. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the seller.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Joy Joy Beauty has extended its lease on 7,748 square feet of retail space at Thomas Corner Shopping Center in Norfolk, VA. Murray Rosenbach represented the landlord.
- Bridgestone/Firestone has extended its lease and expanded to 5,200 square feet/1.08 acre of retail space at Huguenot Village in Richmond, VA. Bob Butcher represented the landlord.
- The Original Mattress Factory has renewed its lease on 5,000 square feet of retail space located at 4240 Portsmouth Boulevard in Portsmouth, VA. Michael Myers represented the landlord.
- Rent-A-Center has exercised its option on 4,651 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
- Tu Left Feet has extended its lease on 3,340 square feet of retail space at Maxey Center in Powhatan, VA. Nathan Shor represented the landlord.
- Route 58 Deli Diner has extended its lease on 3,000 square feet at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
- Einstein Bagels has extended its lease on 2,400 square feet of retail space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
- Blinds Galore has extended its lease on 1,870 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Sushi Gold Taste has extended its lease on 1,600 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Eileen K. Shannon, P.C. has renewed its lease on 1,385 square feet of office space at 426 E. Freemason Street in Norfolk, VA. Seth Norman represented the landlord.
- Bank @Lantec has extended its lease on 1,250 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
- GameStop has extended its lease on 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Paul Saunders, DDS has renewed its lease on 1,200 square feet of office space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
- Subway has extended its lease on 1,197 square feet of retail space at Washington Square in Norfolk, VA. Neal Sadler represented the landlord.
- Jody G has extended its lease on 1,020 square feet at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
- Ellad Nutrition Consulting has renewed its lease on 750 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Andrew Thacker represented the landlord.
- Super Cuts II Barber Shop has extended its lease on 600 square feet of retail space at Roanoke Rapids Plaza in Roanoke Rapids, NC. 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.
