NORFOLK, VA – (May 2018) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $18 million in sales and lease volume on 358,841 square feet and approximately 6.5 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Insight Global, LLC has leased 8,470 square feet of office space at the Wells Fargo Center in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
- Valvoline has leased .85 acre of land located at 2888-2890 Virginia Beach Boulevard in Virginia Beach, VA. Chris Hucke and Michael Gurley represented the landlord.
- Mattress Direct has leased 5,600 square feet of retail space at 1799 South Creek One in Powhatan, VA. Janet Moore and Reid Cardon represented the landlord.
- Edgewood Custom Contractors has leased 4,610 square feet of industrial space at 1001-1003 Jefferson Davis Hwy. and 2313 Fairfax Avenue in Richmond, VA. Zach Brenner and Nathan Shor represented the landlord.
- The ICEE Company has leased 3,575 square feet of industrial space at 200 Industrial Boulevard in Toano, VA. Janet Moore represented the tenant.
- 360 Plumbing Service, LLC has leased 3,489 square feet of industrial space at 13513 East Boundary Drive, Suite D in Chesterfield, VA. Elliot Warsof represented the tenant.
- VB Laskin Road II, LLC has leased 3,200 square feet of retail space at 325 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.
- Pivot Dance Center has leased 3,000 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- Oh So Polished, Inc. has leased 2,663 square feet of retail space at Arch Village Shopping Center in Midlothian, VA. Elliot Warsof and Nathan Shor represented the landlord.
- Starbucks has leased 2,500 square feet at Arch Village Shopping Center in Richmond, VA. Elliot Warsof and Nathan Shor represented the tenant.
- Sri Medha Corp has leased 1,750 square feet of office space at 5219-B Hickory Park Drive in Glen Allen, VA. Nathan Shor, Zach Brenner and Colin Williams represented the landlord.
- Sharp International has leased 1,530 square feet of office space at 620 Prosperity Way in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the landlord.
- Woods, Water & More has leased 1,500 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
- Zachary D. Miller has leased 1,275 square feet of office space at 100 Volvo Parkway in Chesapeake, VA. Pierce Jacobson represented the tenant.
- Epic Vapor, LLC has leased 1,134 square feet of retail space at 5007 W. Mercury Boulevard in Hampton, VA. Mike Zarpas represented the tenant.
- Boost Mobile has leased 1,000 square feet of retail space at 12638 Jefferson Avenue in Newport News, VA. Nathan Shor and Janet Moore represented the tenant.
- Vivint Smart Home has leased 1,000 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- Passionate Stylz, LLC has leased 600 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas handled the transaction.
SALE TRANSACTIONS:
- East Pearl W Mercury Holding, LLC has purchased the Greenwood Shopping Center, a 17,008 square foot retail building on .99 acre located at 2501-2525 W. Mercury Boulevard in Hampton, VA from Gerry Wilkins, LLC for $1,625,000. Mike Zarpas and Joseph Mersel represented the seller.
- Parham & Broad, LLC has purchased a business on 1.4454 acres located at 7834 West Parham Road in Henrico, VA for $1,500,000. Reid Cardon represented the seller.
- The Regent of Virginia Beach, LLC has purchased a 15,478 square foot office building located at 1851 Old Donation Parkway in Virginia Beach, VA from Voogt Rehabilitation Center L.L.C. for $1,232,832. Ashley Bussey, Bill Overman, CCIM and John Wessling, CCIM represented the seller and Stephanie Sanker, CCIM, SIOR represented the buyer.
- DHW Joint Venture, LLC has purchased 2.77 acre of land located on Sandpit Road in Virginia Beach, VA from The Carlesta E. Spearman Revocable Trust for $937,500. Chris Zarpas handled the transaction.
- Mike Duman Real Estate, LLC has purchased a 4,550 square foot commercial building on .47 acre located at 139-147 E. Washington Street in Suffolk, VA from GHH Loudoun High, LLC for $275,000. Michael Myers represented the seller.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- World Distribution Services has renewed its lease on 167,077 square feet of industrial space located at 6969 Tidewater Drive in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
- Food Lion has modified its lease on 35,994 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- TJ Maxx has exercised its option on 29,750 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Taco Bell has exercised its option on a 25,018 square foot outparcel located at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
- Pleasant’s Hardware exercised its option on 13,505 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
- 1701 LLC has extended its lease on 4,500 square feet of retail space at 1701 Baltic Avenue in Virginia Beach, VA. Cheyney Cole, CCIM represented the landlord.
- Second Sale Consignments has modified and expanded its lease on 3,900 square feet of retail space located at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
- Taco Bell has renewed its lease on a .61 acre outparcel at Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
- The Wash House Laundromat has exercised its option on 2,160 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
- Olive Oil Taproom has renewed its lease on 1,500 square feet of retail space at the Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
- Advance America has extended its lease on 1,410 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
- Subway has exercised its option on 1,200 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley 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.
