S.L. NUSBAUM REALTY CO. ANNOUNCES $9.5 MILLION IN COMPLETED TRANSACTIONS FOR JANUARY 2017

NORFOLK, VA – (February 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $9.5 million in sales and lease volume on 97,809 square feet and 7.25 acres for the Norfolk and Richmond Offices. These transactions include:

NEW LEASES:

• GLOTECH, Inc. has leased 12,175 square feet of industrial space located at 833 Principal Lane in Chesapeake, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the tenant.
• SAOG, LLC has leased 3,498 square feet of office space at the Smithfield Building in Norfolk, VA. John M. Profilet, SIOR represented the tenant.
• BPGI LLC has leased 1,900 square feet of commercial space at 6990 N. Military Highway in Norfolk, VA. C. Cheyney Cole, CCIM represented the landlord.
• Birdies has leased 1,801 square feet of retail space at Huguenot Village Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
• Gyro’s has leased 1,615 square feet of retail space at Greenbrier Village in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
• Virginia ABC Store has leased 1,500 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
• Benchmark Cleaning, Inc. has leased 1,375 square feet of industrial space at 1393 London Bridge Road in Virginia Beach, VA. Ashley Bussey represented the tenant.
• Robin Hood Container Express, Inc. has leased 1,000 square feet of industrial space at 3015 Airline Boulevard in Portsmouth, VA. Michael Myers represented the landlord.
• Navigation Behavior Consulting has leased 960 square feet of office space at the Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord.

SALE TRANSACTIONS:

• JSF Robious Road CMPI, LLC has purchased 4 acres located at 1671 Mall Drive in Richmond, VA from Robious Road Holdings, LLC for $2,000,000. Nathan Shor and Jim Gresock represented the seller.
• CFT NV Developments, LLC, d/b/a Panda Express has purchased a 27,280 square foot outparcel located at 1768 Laskin Road in Virginia Beach, VA from Stokes Properties, LLC for $1,750,000. Matthew Nusbaum and Sharon Swanberg represented the seller.
• 510 Holding, LLC has purchased a 988 square foot commercial building located on .1525 acre at 510 18^th Street in Virginia Beach, VA for $266,000. C. Cheyney Cole, CCIM represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

• JoS A. Bank Clothiers has extended its lease on 4,565 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
• Hair Cuttery has extended its lease on 1,920 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
• Virginia ABC Store has exercised its option on 1,600 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
• Kappatal Cuts has extended its lease on 1,600 square feet of retail space at University Shoppes Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
• Savor the Olive has extended its lease on 1,236 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
• Festive Creations has renewed its lease on 871 square feet of office space at Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
• Flexi-Dent has renewed its lease on 697 square feet of office space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
• TM Sewing has extended its lease on 624 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson 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.