S.L. NUSBAUM REALTY CO. ANNOUNCES $19 MILLION IN COMPLETED TRANSACTIONS FOR JUNE 2019

NORFOLK, VA – (July 2019) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $19 million in sales and lease volume on 388,583 square feet and approximately 14 acres for the Norfolk and Richmond Offices: 

NEW LEASES:

• York County has leased 16,844 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
• Stanley Steemer International, Inc. has leased 10,200 square feet of industrial space at 1754 Oak Lake Boulevard in Chesterfield, VA. Zach Brenner, Colin Williams and Nathan Shor represented the landlord.
• Ladybug Concrete Specialists, Inc. has leased 9,000 square feet of industrial space on 1.2596 acre at 2728 Nevada Avenue in Norfolk, VA. Seth Norman and Sam Rapoport represented the landlord.
• Nice Guy Auto & Transmission has leased 4,215 square feet of retail space at 892 E. Little Creek Road in Norfolk, VA. Martin Murden, Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
• Keith Thompson and Son Heating and Cooling LLC has leased 3,600 square feet of industrial space at 2511 South Military Highway in Chesapeake, VA. Pierce Jacobson represented the tenant.
• Mid Atlantic Dairy Queen, LLC has leased 3,599 square feet of retail space on .97 acre located at 1676 General Booth Boulevard in Virginia Beach, VA. John Wessling, CCIM, Bill Overman, CCIM and Chris Devine represented the landlord.
• Pollard’s has leased 3,060 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
• Market de Mi Pueblo has leased 2,750 square feet of retail space at 360 West Shopping Center located at 7110 Hull Street Road in N. Chesterfield, VA. Graham Sheridan represented the tenant.
• The Sand Dollar Beach Kitchen has leased 2,654 square feet of retail space in Cosby Village located at 7324-7330 Cosby Road in Chesterfield, VA. Elliot Warsof and Nathan Shor represented the tenant.
• Just One More, LLC has leased 2,375 square feet of industrial space at 625 Innovation Drive, Suite F, in Chesapeake, VA. Michael Myers represented the tenant.
• Abounding Grace Church has leased 2,274 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
• The Juice Laundry has leased 1,944 square feet of retail space at River Road Shopping Center located at 6231 River Road in Richmond, VA. Elliot Warsof represented the tenant.
• Good Doggie Hot Dogs has leased 1,665 square feet of retail space at 3425 W. Cary Street in Richmond, VA. Graham Sheridan and Mike Zarpas represented the landlord.
• Sandwiches vs. Subs has leased 1,379 square feet of retail space at 3163 Midlothian Turnpike in Richmond, VA. Zach Brenner, Graham Sheridan and Colin Williams represented the landlord.
• Sister Massage and Quiyan Zhang has leased 1,250 square feet of retail space at 1811 Huguenot Road, Building C, Suite 302, in Midlothian, VA. Graham Sheridan represented the tenant.
• Cricket Wireless has leased 1,200 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
• Phone Guy Repair has leased 1,200 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.

SALE TRANSACTIONS:

• Security Storage and Van Company of Norfolk, Virginia, Inc. has purchased a 124,677 square foot industrial building on 4.640 acres at 3809 Progress Road in Norfolk, VA from Fairway Plaza Center, LLC for $3,700,000. Stephanie Sanker, CCIM, SIOR and Bill Overman, CCIM represented the seller and Sam Rapoport and Stephanie Sanker CCIM, SIOR represented the buyer.
• Chesapeake Capital Investments, LLC has purchased a 14,250 square foot industrial property located on 1 acre at 625 Innovation Drive in Chesapeake, VA from Starling Brothers, LLC for $1,425,000. Michael Myers represented the seller.
• Lake View Apartments, L.P. has purchased 6 acres of land located at 100 Aero Drive, Parcel 1-F, in Hampton, VA from Langley Federal Credit Union for $1,200,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
• Christian Congregation in the United States has purchased a 2,413 square foot office property on .73 acre located at 2806 Fox Chase Lane in Midlothian, VA from B&D Arbor LLC for $385,000. Zach Hernandez and Nathan Shor represented the seller.
• KHH Properties, LLC has purchased a 3,000 square foot general commercial property located at 109 S. First Colonial Road, Suite 122, in Virginia Beach, VA from Larry J. Abrams and Karla D. Abrams for $135,000. Chris Devine represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

• Communications Test Design, Inc. has renewed its lease and expanded to 115,926 square feet of industrial space at 2601 Indian River Road in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
• The Fresh Market has extended its lease on 20,914 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
• Burgess & Niple, Inc. has extended its lease on 7,095 square feet of office space in the Wells Fargo Center in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
• Green Bean has extended its lease on 3,935 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
• El Caporal Mexican Restaurant has renewed its lease on 3,125 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
• Vinyl Daze has extended its lease on 2,844 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
• Burger King has exercised its option on 2,655 square feet on .72 acre located at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
• Friedman’s Custom Jewelers has extended its lease on 2,450 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
• Luxury Pools and Spa has renewed its lease on 2,400 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
• Asian Massage Studio has extended its lease on 1,796 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
• Tony’s Unisex Barber College has extended its lease on 1,730 square feet of commercial space at 731 Monticello Avenue in Norfolk, VA. Michael Myers handled the transaction.
• Edward Jones has renewed its lease on 1,695 square feet of retail space at Maxey Center located at 3452 Anderson Highway in Powhatan, VA. Nathan Shor represented the landlord.
• OneMain Financial has extended its lease on 1,500 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach 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.
• Fytgurlz Personal Training and Wellness, LLC has renewed its lease on 1,439 square feet of commercial space at 221 Mount Pleasant Road, Unit B, in Chesapeake, VA. Michael Myers handled the transaction.
• LaRue Hair Salon has extended its lease on 1,230 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
• Chinese Take Out has exercised its option on 1,200 square feet of retail space at Wythe Creek Shoppes in Hampton, VA. Neal Sadler represented the landlord.
• In8 Chiropractic has extended its lease on 1,000 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
• Yi’s Alterations has extended its lease on 600 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.