NORFOLK, VA – (November 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $12 million in sales and lease volume on 162,805 square feet and 136.14 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Grace Arts Dance Studio has leased 6,400 square feet of retail space at Arch Village Shopping Center in Midlothian, VA. Elliot Warsof and Nathan Shor handled the transaction.
- Tread Happy, LLC has leased 3,000 square feet of retail space at 2300 W. Main Street in Richmond, VA. Elliot Warsof and Nathan Shor handled the transaction.
- Better View Windows and More, LLC has leased 2,916 square feet of flex space at 2844 Crusader Circle in Virginia Beach, VA. Ashley Bussey represented the tenant.
- Mattress Fox, LLC has leased 2,000 square feet of retail space at 1220 Baker Road in Virginia Beach, VA. Pierce Jacobson represented the landlord.
- Bubba’s Shrimp Shack has leased 1,858 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
- JCW Culinary, LLC has leased 1,741 square feet of retail space at 501 Laskin Road in Virginia Beach, VA. Martin Murden, Bill Overman, CCIM and John Wessling, CCIM handled the transaction.
- Nature’s Edge Bait and Tackle has leased 1,500 square feet of retail space at Creekside Village in Suffolk, VA. Neal Sadler represented the landlord.
- Make Something Studio has leased 1,425 square feet of retail space at Creekside Village in Suffolk, VA. Neal Sadler represented the landlord.
- Stewart Deacon State Farm Insurance Agent has leased 1,200 square feet of retail space at The Crossings at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
- Phaith Home Health Care Agency has leased 184 square feet of office space at 355 Crawford Street in Portsmouth, VA. John M. Profilet, SIOR represented the landlord.
SALE TRANSACTIONS:
- Hutton Exchange Glen Allen VA, LLC has purchased 2 acres located at 9901 W. Broad Street in Henrico, VA from Harlequin RMD Properties, LLC for $1,200,000 for the purposes of developing a Northern Tool and Equipment store. Nathan Shor represented the buyer.
- BIG Bridge Rd, LLC has purchased a 4,228 square foot general commercial building on 1.02 acre located at 4796 Bridge Road in Suffolk, VA from Auto Properties II, LLC for $765,000. Cheyney Cole represented the seller.
- Cmoore Properties has purchased a 6,899 square foot office building at 2661 Hull Street in Richmond, VA from Gordon Properties for $500,000. Elliot Warsof represented the buyer.
- 807 Florida Avenue, LLC has purchased a 13,590 square foot industrial building on .56 acre located at 807 Florida Avenue in Portsmouth, VA from James E. Woodruff, Sr. and Connie W. Woodruff for $500,000. Michael Myers handled the transaction.
- PPH, LLC has purchased a 10,122 square foot industrial building on .27 acre located at 4510 Killam Avenue in Norfolk, VA from Pottery Art Studio, Inc. for $485,000. Stephanie Sanker, CCIM, SIOR and Seth Norman represented the seller.
- Nelson and Paula Benavides have purchased a 1,411 square foot office property located at 1317 and 1319 Summit Avenue and 3017 Clay Street in Richmond, VA from Arthur and Judith Davis Trustees for $425,000. Elliot Warsof and Reid Cardon handled the transaction.
- LBH Properties, LLC has purchased a 3,189 square foot office building on .29 acre located at 113 Landmark Square in Virginia Beach, VA from MME, LLC for $275,000. Seth Norman and Murray Rosenbach represented the seller.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Food Lion has exercised its option on 47,848 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
- Schewel Furniture has extended its lease on 26,651 square feet of retail space at Suffolk Plaza in Suffolk, VA. Chris Hucke represented the landlord.
- Sherwin Williams has extended its lease on 7,100 square feet of retail space at Warwick Village in Newport News, VA. Tyler Jacobson represented the landlord.
- Goodyear Tire and Rubber Company has extended its lease on 5,200 square feet of retail space at 10089 Brook Road in Glen Allen, VA. Nathan Shor represented the landlord.
- Hampton Roads Karate has extended its lease on 2,400 square feet of retail space at Glenwood Square in Chesapeake, VA. Murray Rosenbach represented the landlord.
- Pasta E Pani has exercised its option on 2,400 square feet at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
- Laundry World has exercised its option on 2,000 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
- Hair of the Dog Eatery has exercised its option on 1,920 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley 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.
- VA Vape Shop has extended its lease on 1,347 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
- Boost Mobile has exercised its option on 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
- Pak Mail has exercised its option on 1,020 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
- Vapor Paradize has extended its lease on 900 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
- LT Nails has extended its lease on 900 square feet of retail space at Short Pump Crossing Shopping Center in Henrico, VA. Bob Butcher represented the landlord.
- Allstate has exercised its option on 825 square feet of retail space at Buckner Retail Center in Virginia Beach, VA. Chris Hucke represented the landlord.
- Beach Gold Assay has extended its lease on 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach 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.
