NORFOLK, VA (May 2022) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $17 million in sales and lease volume on 102,324 square feet and approximately 68 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Volcano 888, Inc. has leased 4,919 square feet of retail space at 4830 Virginia Beach Boulevard in Virginia Beach, VA. Chris Devine and Matthew Nusbaum represented the landlord.
- Lynnhaven River NOW has leased 3,781 square feet of office space at 3712 Holland Road in Virginia Beach, VA. Ashley Bussey represented the tenant.
- Spero Health of VA LLC has leased 3,000 square feet of medical office space at 1825 Front Street in Richlands, VA. Fenton Childers represented the tenant.
- OTB Associates LLC has leased 2,500 square feet of industrial space located at Big Charlie’s Truck Shop in Virginia Beach, VA. Chris Zarpas and Martin Murden represented the landlord.
- Kopino Hilltop, LLC has leased 2,225 square feet of retail space at Hilltop Station located at 1965 Laskin Road in Virginia Beach, VA. Chris Devine represented the tenant.
- Borjo Coffeehouse has leased 2,000 square feet of retail space at Monarch Way at ODU in Norfolk, VA. Maggie Spillane represented the landlord.
- Home Service Management has leased 1,857 square feet of office space at 620 Moorefield Park Drive in Chesterfield, VA. Tom Langston and Carter Wells represented the tenant.
- DT Nails & Spa has leased 1,813 square feet of retail space at Branders Bridge Shopping Center located at 12113 Branders Creek Drive in Chester, VA. Bob Butcher represented the tenant.
- Saturn Return, LLC has leased 1,719 square feet of retail space at 2289 W. Broad Street in Richmond, VA. Andrew Thacker and Carter Wells represented the landlord.
- BOHO Suites, LLC has leased 1,371 square feet of retail space at 2513 W. Cary Street in Richmond, VA. Carter Wells represented the tenant.
- Exuberant Home Health Care, LLC has leased 1,200 square feet of office space at 728-730 High Street in Portsmouth, VA. Chris Zarpas represented the landlord.
- Polish Boutique has leased 1,200 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
- Cataldo Builders, Inc. has leased 1,100 square feet of office space at 475 McLaws Circle, Suite 3A in Williamsburg, VA. Chris Devine represented the tenant.
- Winslow & McCurry have leased an additional 841 square feet of office space in Sycamore Square Shopping Center located at 1332 Sycamore Square in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
- Ataccon LLC has leased 689 square feet of office space at 10800 Midlothian Turnpike, Suite 204, in Richmond, VA. Doug Tice represented the tenant.
- Caring Like Family, LLC has leased 89 square feet of office space at 500 Washington Street in Portsmouth, VA. Sam Rapoport represented the landlord.
SALE TRANSACTIONS:
- Mainline Holding Company, L.L.C. has purchased 22.95 acres, 5.5310 acres and 2 acres located at the English Estate, Falmouth in Stafford, VA from Jacquelyn E. DeBernard and Fleda E. Lewis, Trustees English Family Trust for $3,700,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
- Sisters II has purchased a 16,541 square foot shopping center located at 7028-7040 George Washington Memorial Highway in Gloucester, VA from McRjers, LLC for $2,850,000. Chris Zarpas represented the buyer, Neal Sadler and Chris Hucke represented the seller.
- Mainline Holding Company, L.L.C. has purchased 10.13 acres and 2.43 acres located at the Embrey Estate, Falmouth in Stafford, VA from Roger Cramer Embrey for $1,200,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
- 5935 Hopkins Rd LLC has purchased a 6,212 square foot office property on 1.3 acres located at 5935 Hopkins Road in Richmond, VA from Smith & Cottingham LLC for $870,000. Tom Langston and Andrew Thacker represented the buyer.
- Caratoke Plaza LLC has purchase 5.2 acres of land located at 369-385 Caratoke Highway in Moyock, NC from Moyock Village Center, LLC for $860,000. Ben Leon and Mike Zarpas represented the buyer.
- Epic Investment Group LLC has purchased a 4,364 square foot industrial condo property located at 2425 Bowland Parkway, Units 111 and 112 in Virginia Beach, VA from Complex II, LLC for $380,000. Mike Zarpas represented the buyer.
- 370 Garrisonville LLC has purchased a 3,180 square foot retail property on .365 acre located at 2500 N Lombardy Street in Richmond, VA from Timothy A. Gortney for $390,000. Elliot Warsof and Tom Langston represented the seller.
- Amir Razi has purchased .938 acre of land located on Holland Swamp Road in Virginia Beach, VA from Woodall, LLC for $175,000. Cheyney Cole, CCIM represented the buyer.
- Anana Investment LLC has purchased 16.60 acres of land located at SE Quadrant Route 40 and I-85 in McKenney, VA from Jenkins Properties LLC for $185,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
- Franklin Management Co. t/a Geneva Mobile Home Park has purchased a mobile home and .12 acre lot located at 1401 Deep Creek Boulevard, #123 in Chesapeake, VA from Christie Buffaloe for $27,500. Chris Zarpas and Sam Rapoport represented the buyer.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Werres Corporation has renewed its lease on 6,400 square feet of industrial space at 5721 Bayside Road in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
- Clinton Stackhouse, Jr. has renewed its lease on 6,203 square feet of office space in Bridgeway Technology Center II in Suffolk, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
- Hot Tuna Bar & Grill has extended its lease on 5,163 square feet of retail space at Cape Henry Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
- Sherwin-Williams Automotive Finishes has extended its lease on 5,000 square feet of commercial space at 900 Live Oak Drive in Chesapeake, VA. Tyler Jacobson represented the landlord.
- Winslow & McCurry has renewed its lease on 3,121 square feet of retail/office space in Sycamore Square Shopping Center located at 1324 Sycamore Square in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
- Fishers Neighborhood Kitchen has extended its lease on 3,000 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
- Sundays Tanning has extended its lease on 2,400 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- Hair of the Dog has extended its lease on 1,920 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
- Subway has exercised its option on 1,900 square feet of retail space at Raceway Market Shops in Indianapolis, IN. Andrew Nusbaum and Matthew Nusbaum represented the landlord.
- Perfectly Frank has extended its lease on 1,717 square feet of retail space at Monarch Way at ODU in Norfolk, VA. Maggie Spillane represented the landlord.
- Dragon Restaurant has extended its lease on 1,640 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
- Mystic Jamaica Caribbean Restaurant has exercised its option on 1,400 square feet of retail space at Jefferson Shoppes Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
- Minuteman Press has extended its lease on 1,250 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Top Tailor has extended its lease on 824 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
- Perry Benefit Group, LLC has renewed its lease on 733 square feet of office space at Churchland Professional Center located at 3300 Tyre Neck Road, Suite K, in Portsmouth, VA. Michael Myers represented the landlord.
- HRACRE has renewed its lease on 570 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
