S.L. Nusbaum Realty Co. Announces $18.5 Million in Completed Transactions for November 2023

NORFOLK, VA (December 2023) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $18.5 million in sales and lease volume on 180,986 square feet and approximately 8.379 acres for the Norfolk and Richmond Offices:

NEW LEASES:

Nova Trampoline Park VA Beach, VA has subleased 55,046 square feet of retail space at Salem Crossing Shopping Center in Virginia Beach, VA. Fenton Childers and Tommy Drew represented the landlord.
Lion Power Systems, Inc. has leased 47,788 square feet of industrial space at 3321 E. Princess Anne Road in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
El Rey Tequila has leased 3,620 square feet of retail space at Jefferson Shoppes in Newport News, VA. Pierce Jacobson represented the landlord.
CAVA Mezze Grill, LLC has leased 2,473 square feet of retail space on .942 acre located at 2808 Sabre Street in Virginia Beach, VA. Martin Murden and Sam Rapoport represented the landlord.
Discount Tire has ground leased 2 acres of land located at 60 RHL Boulevard in S. Charleston, WV. Fenton Childers represented the landlord.
Giuseppe’s Pizza has leased 2,000 square feet of retail space in Oxbridge Square Shopping Center located at 10001 Hull Street Road, Suite 25 in Richmond, VA. Andrew Thacker and Nathan Shor represented the landlord.
Eimskip Logistics, Inc. has leased 1,903 square feet of office space at 1206 Laskin Road, Suite 251 in Virginia Beach, VA. Martin Murden represented the tenant.
Pixelated Boutique has leased 1,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
Cricket Wireless has leased 1,200 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
Liberty Tax has leased 1,200 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
Metro by T-Mobile has leased 1,140 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Pierce Jacobson represented the landlord.
Corridor Ventures West, Inc. has leased 1,100 square feet of retail space in Ridgewood Farms Shopping Center located at 1969 Electric Road in Salem, VA. Fenton Childers represented the landlord.
HGM Services, Inc. has leased 200 square feet of office space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.

SALE TRANSACTIONS:

Vu Properties has purchased Kempsville Veterinary Hospital, a 5,093 square foot office property on 1 acre located at 4690 Princess Anne Road in Virginia Beach, VA from Dr. William J. Price for $1,000,000. Chris Zarpas and Chris Devine represented the seller.
Beechdale 46, LLC has purchased a 5,024 square foot industrial property on 2.282 acres located at 46 Beechdale Road in Portsmouth, VA from 46 Beechdale LLC for $795,000. Ashley Bussey represented the seller and Sam Rapoport represented the buyer.
120 American Legion Road, LLC has purchased a 4,702 square foot office property located at 120 American Legion Road in Chesapeake, VA from Kramer Properties LLC for $750,000. Doug Aronson represented the seller.
JPM Real Estate VA. LLC has purchased .741 acre of retail land located at The Strands, 3244 Holland Road, Parcel D in Virginia Beach, VA from Holland Warwick, LLC for $700,000. Doug Aronson represented the seller.
Zion Community Church – En Espanol Uno has purchased an 18,500 square foot religious facility on 1.414 acre located at 770 Ingleside Road in Norfolk, VA from Squires Memorial Presbyterian Church for $615,000. Ben Leon represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

Kelly’s Tavern has exercised its option on 6,873 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
Dollar General has renewed its lease on 6,720 square feet of retail space at The Crossing at Deep Creek Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
Tesseract Rentals, LLC has extended its lease on 3,900 square feet of industrial space at Arrowhead Commerce Center in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
Virginia Cheer Academy, LLC has expanded its lease by an additional 2,734 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
Artistry in Motion has renewed its lease on 1,950 square feet of retail space at Chesterfield Meadows Shopping Center located at 6419 and 6427 Chesterfield Meadows Drive in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
Ocean Vending Service has extended its lease on 1,760 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
Great Clips has exercised its option on 1,400 square feet of retail space at K&K Square Shopping Center in Norfolk, VA. Maggie Spillane 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.
Allstate Insurance has extended its lease on 960 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
Exclusive Access Barbershop 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.
Navy Federal Credit Union has extended its lease on kiosk space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.

S.L. Nusbaum Realty Co. Announces $18.5 Million in Completed Transactions for November 2023

NORFOLK, VA (December 2023) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $18.5 million in sales and lease volume on 180,986 square feet and approximately 8.379 acres for the Norfolk and Richmond Offices:

NEW LEASES:

Nova Trampoline Park VA Beach, VA has subleased 55,046 square feet of retail space at Salem Crossing Shopping Center in Virginia Beach, VA. Fenton Childers and Tommy Drew represented the landlord.

Lion Power Systems, Inc. has leased 47,788 square feet of industrial space at 3321 E. Princess Anne Road in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.

El Rey Tequila has leased 3,620 square feet of retail space at Jefferson Shoppes in Newport News, VA. Pierce Jacobson represented the landlord.

CAVA Mezze Grill, LLC has leased 2,473 square feet of retail space on .942 acre located at 2808 Sabre Street in Virginia Beach, VA. Martin Murden and Sam Rapoport represented the landlord.

Discount Tire has ground leased 2 acres of land located at 60 RHL Boulevard in S. Charleston, WV. Fenton Childers represented the landlord.

Giuseppe’s Pizza has leased 2,000 square feet of retail space in Oxbridge Square Shopping Center located at 10001 Hull Street Road, Suite 25 in Richmond, VA. Andrew Thacker and Nathan Shor represented the landlord.

Eimskip Logistics, Inc. has leased 1,903 square feet of office space at 1206 Laskin Road, Suite 251 in Virginia Beach, VA. Martin Murden represented the tenant.

Pixelated Boutique has leased 1,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.

Cricket Wireless has leased 1,200 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.

Liberty Tax has leased 1,200 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.

Metro by T-Mobile has leased 1,140 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Pierce Jacobson represented the landlord.

Corridor Ventures West, Inc. has leased 1,100 square feet of retail space in Ridgewood Farms Shopping Center located at 1969 Electric Road in Salem, VA. Fenton Childers represented the landlord.

HGM Services, Inc. has leased 200 square feet of office space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.

SALE TRANSACTIONS:

Vu Properties has purchased Kempsville Veterinary Hospital, a 5,093 square foot office property on 1 acre located at 4690 Princess Anne Road in Virginia Beach, VA from Dr. William J. Price for $1,000,000. Chris Zarpas and Chris Devine represented the seller.

Beechdale 46, LLC has purchased a 5,024 square foot industrial property on 2.282 acres located at 46 Beechdale Road in Portsmouth, VA from 46 Beechdale LLC for $795,000. Ashley Bussey represented the seller and Sam Rapoport represented the buyer.

120 American Legion Road, LLC has purchased a 4,702 square foot office property located at 120 American Legion Road in Chesapeake, VA from Kramer Properties LLC for $750,000. Doug Aronson represented the seller.

JPM Real Estate VA. LLC has purchased .741 acre of retail land located at The Strands, 3244 Holland Road, Parcel D in Virginia Beach, VA from Holland Warwick, LLC for $700,000. Doug Aronson represented the seller.

Zion Community Church – En Espanol Uno has purchased an 18,500 square foot religious facility on 1.414 acre located at 770 Ingleside Road in Norfolk, VA from Squires Memorial Presbyterian Church for $615,000. Ben Leon represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

Kelly’s Tavern has exercised its option on 6,873 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.

Dollar General has renewed its lease on 6,720 square feet of retail space at The Crossing at Deep Creek Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.

Tesseract Rentals, LLC has extended its lease on 3,900 square feet of industrial space at Arrowhead Commerce Center in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.

Virginia Cheer Academy, LLC has expanded its lease by an additional 2,734 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.

Artistry in Motion has renewed its lease on 1,950 square feet of retail space at Chesterfield Meadows Shopping Center located at 6419 and 6427 Chesterfield Meadows Drive in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.

Ocean Vending Service has extended its lease on 1,760 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.

Great Clips has exercised its option on 1,400 square feet of retail space at K&K Square Shopping Center in Norfolk, VA. Maggie Spillane 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.

Allstate Insurance has extended its lease on 960 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.

Exclusive Access Barbershop 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.

Navy Federal Credit Union has extended its lease on kiosk space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.

Join the Team

Headquarters

Richmond

QuickLinks