NORFOLK, VA – (March 2020) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $10.6 million in sales and lease volume on 171,152 square feet and approximately 12.5 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Riverside Physician Services, Inc. has leased 10,908 square foot retail building on 1.180 acres at 3401 W. Mercury Boulevard in Hampton, VA. Mike Zarpas represented the landlord.
- Dog Krazy has leased 5,000 square feet of retail space in Short Pump Crossing at 3520 Pump Road in Henrico, VA. Andrew Thacker and Bob Butcher represented the landlord.
- LWAM LLC has leased 3,969 square feet of retail space on .419 acre at 3817 Hull Street Road in Richmond, VA. Zach Hernandez represented the landlord.
- MIG Gov, LLC has leased 3,715 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
- Training House has leased 3,500 square feet of retail space at 1257 Sycamore Square in Midlothian, VA. Andrew Thacker and Bob Butcher represented the landlord.
- Chief Responsibilities LLC has leased a 3,106 square foot retail building on .237 acre located at 2917 S. Military Highway in Chesapeake, VA. Mike Zarpas represented the landlord.
- Elite Training has leased 3,085 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
- National On Demand has leased 3,000 square feet of industrial space at 5772 Arrowhead Drive in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
- Ruby Scoops has leased 2,384 square feet of retail space on .033 acre at 300 W. Brookland Park Boulevard in Richmond, VA. Zach Hernandez represented the landlord.
- Business Center 711 has leased 2,284 square feet of retail space at 5444 Virginia Beach Blvd. in Virginia Beach, VA. Martin Murden and Sam Rapoport represented the landlord.
- Wild Birds Unlimited has leased 1,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
- CADC LLC has leased 1,720 square feet of office space at 1121 N. 25th Street in Richmond, VA. Tom Langston and Andrew Thacker represented the landlord.
- Dirty Details Auto Salon has leased 1,500 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
- Cold Stone Creamery has leased 1,500 square feet of retail space at Marketplace Shoppes IV in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Marvelous Divine Hair Braiding has leased 900 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
- CPIX Aperture has leased 750 square feet at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
SALE TRANSACTIONS:
- HPR LLC has purchased a 6,586 square foot office building on 2.61 acres at 1564 Crossways Boulevard in Chesapeake, VA from HPD Associates Five, LLC for $1,050,000. Michael Myers represented the buyer.
- Michael D. Sifen, Inc. has purchased 3 acres of land located at 1116 Kempsville Road in Chesapeake, VA from E & M, LLC for $1,000,000. Pierce Jacobson and Joseph Mersel represented the seller.
- Absolute Stone Design has purchased a 35,000 square foot industrial property on 1.4 acres at 5725 Jefferson Avenue in Newport News, VA from 5725 Jefferson Ave LLC for $850,000. Zach Hernandez represented the buyer.
- McKown Holdings, LLC has purchased an 18,093 square foot industrial building from Powell-McClellan Lumber Company, Inc. for $795,000. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the seller.
- The JJello Company, LLC has purchased a 9,500 square foot industrial building on 3.06 acre at 2500 Rodman Avenue in Portsmouth, VA from Island Boy, LLC for $535,000. Michael Myers represented the buyer.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Food Lion has exercised its option on 33,800 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
- Compound Crossfit, LLC has extended its lease on 5,000 square feet of industrial space at 905 Live Oak Drive in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
- Casa Grande has renewed its lease on 5,000 square feet of retail space in Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
- Aim Higher Supportive Services Inc. has renewed its lease on 3,427 square feet of office space at 2939 West Marshall Street in Richmond, VA. Zach Brenner represented the landlord.
- Moe’s Southwest Grill has extended its lease on 2,500 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
- K&M Winslow Associates, Inc. has renewed its lease on 1,473 square feet of commercial space at 221 Mt. Pleasant Road, Unit C, in Chesapeake, VA. Michael Myers handled the transaction.
- Exquisite Designs has extended its lease on 1,230 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
- Hospitality Staffing Solutions, LLC has renewed its lease on 422 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport 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.
