NORFOLK, VA – (January 2019) 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 252,467 square feet and approximately 25 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Huguenot Animal Hospital has leased 3,200 square feet of retail space at Huguenot Village Shopping Center located on Huguenot Road in Chesterfield, VA. Bob Butcher represented the landlord.
- Tap It Western Branch, Inc. has leased 2,400 square feet of retail space at Stonebridge Plaza in Chesapeake, VA. Mike Zarpas represented the tenant and Martin Murden represented the landlord.
- Atlantic Embroidery Works has leased 2,400 square feet at Ridge Shopping Center located at 1507 and 1509 N. Parham Road in Henrico, VA. Elliot Warsof represented the landlord.
- Mirage Family Dentistry has leased 2,250 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
- Seventh Point, Inc. has leased a 2,000 square foot office condo located at 5269 Greenwich Road, Unit 101 in Virginia Beach, VA. Michael Myers represented the landlord.
- Hawk’s BBQ South, LLC has leased 1,550 square feet of retail space at 2000 Venable Street in Richmond, VA. Zach Brenner and Elliot Warsof represented the landlord.
- Knowledge-Power-Lead, LLC has leased 1,500 square feet at Red Mill Shops located at 2173 Upton Drive, Suite 201 in Virginia Beach, VA. Chris Zarpas and Martin Murden represented the landlord.
- Boost Mobile has leased 1,400 square feet of retail space at Jefferson Shoppes Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
- Domino’s Pizza has leased 1,376 square feet of retail space at 550 E. Laburnum Avenue in Henrico, VA. Nathan Shor, Elliot Warsof and Graham Sheridan represented the landlord.
- New Kent Pediatrics, LLC has leased 1,250 square feet of medical office space at The Shoppes at Patriots Landing located at 7410 Cooper Tavern in Quinton, VA. Andrew Thacker and Nathan Shor represented the landlord.
- Boost Mobile has leased 950 square feet of retail space at Greenwood Shopping Center in Hampton, VA. Mike Zarpas represented the landlord.
- Husain’s Success on Spectrum has leased 725 square feet of office space at Glen Ridge located at 8401 Patterson Avenue, Suite 205 in Richmond, VA. Zach Brenner represented the tenant.
- Think Big Enterprises, LLC has leased 550 square feet of office space at 9460 Amberdale Drive, Suite G-2, North Chesterfield, VA. Andrew Thacker represented the landlord.
SALE TRANSACTIONS:
- Yagen Rental Properties LLC has purchased 117,322 square foot commercial building on 10.393 acres located at 2329-2331 E. Little Creek Road in Norfolk, VA from Calvary Revival Church, Inc. for $4,850,000. Cheyney Cole, CCIM represented the buyer.
- Club Forest Guardian, LLC has purchased a 20,733 square foot office building on 2 acres located at 641 Lynnhaven Parkway in Virginia Beach, VA from Ocean West Industrial Park for $2,450,000. Chris Zarpas represented the buyer.
- Tidewater Bible Way Temple. Kingdom Church has purchased a 26,000 square foot synagogue property located on 3.025 acres at 3820 Stoneshore Road in Virginia Beach, VA from Trustees of Beth Chaverim Temple for $1,925,000. Murray Rosenbach represented the seller.
- Pinewell Station, LLC has purchased 6.38 acres of land located at 601 and 719 E. Ocean View Avenue in Norfolk, VA from the City of Norfolk for $1,285,000. Cheyney Cole, CCIM represented the buyer.
- 5772 Arrowhead, LLC has purchased a 31,740 square feet of industrial property on 1.94 acre located at 5768 & 5772 Arrowhead Drive in Virginia Beach, VA from Beach Holdings, LLC for $1,256,160. Pierce Jacobson and Tyler Jacobson represented the seller.
- Challedon Dr., LLC has purchased the former Thomas Crown Studio, a 6,756 square foot general commercial building on .590 acre located at 5239 Challedon Drive in Virginia Beach, VA from Timothy Z. Mosely for $575,000. Chris Zarpas and Chris Devine represented the seller.
- G & A Properties, LLC has purchased a 2,040 square foot retail building on .48 acre located at 3322 Holland Road in Virginia Beach, VA from Baker Road Centre, LLC for $507,500. Pierce Jacobson and John M. Profilet, SIOR represented the seller.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Catch Surf has extended its lease on 6,960 square feet of retail space at 5827 Adderly Street in Norfolk, VA. Neal Sadler and Chris Hucke represented the tenant.
- ABC Store has renewed its lease on 3,500 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
- Dragon Garden Restaurant has extended its lease on 2,500 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
- Stain Studio has extended its lease on 2,240 square feet of retail space at Hilltop South Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
- Bahama Mama Tanning has extended its lease on 1,875 square feet of retail space at Washington Square shopping Center in Grafton, VA. Neal Sadler represented the landlord.
- Gold Taste Sushi has extended its lease on 1,600 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Bottlecraft has extended its lease on 1,575 square feet of retail space at 1604 Hilltop West Executive Center in Virginia Beach, VA. Neal Sadler and Chris Hucke represented the tenant.
- Little Caesars has exercised its option on 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
- GNC has extended its lease on 1,020 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
- Parcel Pros has extended its lease on 1,000 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Discount Cleaners has extended its lease on 1,000 square feet of retail space located at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
- RP Nails has extended its lease on 935 square feet of retail space at Buckner Retail Center in Virginia Beach, VA. Chris Hucke represented the landlord.
- Commonwealth Employee Benefit Solutions, Inc. has renewed its lease on 920 square feet of office space at 3300 Tyre Neck Road, Suite One in Portsmouth, VA. Michael Myers 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.
