NORFOLK, VA (March 2022) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $21 million in sales and lease volume on 290,753 square feet and approximately 22 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Amvets Thrift Store has leased 29,250 square feet of retail space at State Line Centre located at 160 Stateline Center, Suite 33 in Bristol, VA. Fenton Childers represented the landlord.
- Foundation Building Materials, LLC has leased 12,800 square feet of industrial space at 5721 Bayside Road in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
- Sushi King has leased 8,142 square feet of retail space in Parkway Plaza located at 879 Lynnhaven Parkway, Suite 107 in Virginia Beach, VA. Doug Aronson represented the tenant.
- McDonald Garden Market Pop-Up has leased 7,719 square feet of parking lot space at Glenwood Square Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
- Ortho Virginia Inc. has leased 7,616 square feet of retail space at The Shoppes at College Park located at 1409 S. Main Street in Farmville, VA. Nathan Shor represented the landlord.
- Anytime Fitness has leased 5,556 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
- NCWorks Career Center has leased 5,020 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Murray Rosenbach represented the landlord.
- Willcox & Savage, PC has leased 4,350 square feet of industrial space at 2640 Nevada Avenue, Suite 1 in Norfolk, VA. Ben Leon represented the tenant.
- Spero Health of Virginia LLC has leased 4,200 square feet of office space at 619 W. Main Street in Lebanon, VA. Fenton Childers represented the tenant.
- Drip LLC has leased 3,682 square feet of retail space at 325 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.
- Starbucks has leased 2,500 square feet of retail space at Haynes Chippenham Plaza located at Hull Street Road and Chippenham Parkway in Richmond, VA. Nathan Shor represented the landlord.
- Dinero Kodi & Associates has leased 2,400 square feet of retail space in Wythe Shopping Center located at 2219 Kecoughtan Road in Hampton, VA. Mike Zarpas represented the landlord.
- AT&T Authorized Dealer has leased 1,680 square feet of retail space at Glenwood II in Chesapeake, VA. Murray Rosenbach represented the landlord.
- Redman Studio Workshop has leased 1,275 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
- Imaginow Consulting Group has leased 1,200 square feet of office space at 728-730 B High Street in Portsmouth, VA. Chris Zarpas represented the landlord.
- Lewis Pest Control has leased 1,065 square feet of commercial space at 9736 Ladino Lane in Richmond, VA. Tom Langston handled the transaction.
- A Mother’s Touch, LLC has leased 1,023 square feet of office space at Courtyard at Providence in Virginia Beach, VA. Pierce Jacobson represented the landlord.
- Millennial Connect LLC has leased 425 square feet of retail space at The Shoppes at College Park located at 1417 S. Main Street in Farmville, VA. Andrew Thacker and Nathan Shor represented the landlord.
SALE TRANSACTIONS:
- JFS Real Estate, LLC has purchased Indian River Shopping Center, a 128,017 square foot center on 12.73 acres located at 880 S. Military Highway in Virginia Beach, VA from Indian River Shopping Center, LLC and Indian River Shopping Center Land Co., LLC for $6,000,000. Mike Zarpas represented the seller.
- 9464 Chamberlayne LLC has purchased the HNG Building, a, 11,020 square foot office building on .945 acre, located at 9464 Chamberlayne Road, Mechanicsville, VA from Harris, Norman & Giles for $1,695,000.00. David T. Kalman represented the seller.
- Marshall Herd LLC has purchased a 3,427 square foot office building on .091 acre located at 2939 W. Marshall Street in Richmond, VA from Chris & Ruthann Trivelpiece for $710,000. Elliot Warsof represented the seller.
- McGregor Manor H LLC/Crate Escape Pet Resort H LLC has purchased a 5,000 square foot retail building on .339 acre located at 3010 Hilliard Road in Richmond, VA from Pet Properties LLC/Petite Pet Inn LLC for $625,000. Elliot Warsof represented the buyer.
- OP 1620 Centreville LLC has purchased a 5,600 square foot office/warehouse condominium located at 1620 Centerville Turnpike, Units 116-117 in Virginia Beach, VA from JABurton LLC for $509,000. Ben Leon represented the seller.
- Matelda Inc. has purchased a 5,043 square foot retail property on .44 acre located at 3603 and 3605 High Street in Portsmouth, VA from High Street Partners LLC for $500,000. Martin Murden represented the buyer.
- Capek Properties LLC has purchased 7.450 acres of land located at 25700 Simpson Road in Petersburg, VA from Henry D Moore for $298,000. Andrew Thacker represented the seller.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Beach Fitness and Performance has been assigned a lease for 6,000 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Pierce Jacobson represented the Assignor and Martin Murden represented the Assignee.
- Running Etc. has exercised its option on 5,000 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Maggie Spillane represented the landlord.
- School Crossing has extended its lease on 3,000 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Pugh and Karpov Law, PC has renewed its lease on 2,488 square feet of office space at 2400 and 2404 Princess Anne Road in Virginia Beach, VA. Chris Zarpas represented the landlord.
- Skrimp Shack has exercised its option on 2,420 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
- Fulton Bank has extended its lease on 2,400 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
- Race Flow Development, LLC has renewed its lease on 1,800 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
- Marco’s Pizza has extended its lease on 1,500 square feet of retail space at Wythe Creek Shoppes in Hampton, VA. Neal Sadler represented the landlord.
- Brew has extended its lease on 1,375 square feet of retail space in Chesterfield Meadows Shopping Center located at 6625 Centralia Road in Chesterfield, VA. Bob Butcher and Andrew Thacker represented the landlord.
- Linda’s Fashion has renewed its lease on 1,250 square feet of retail space at 728-730 A High Street in Portsmouth, VA. Chris Zarpas represented the landlord.
- Mirrors Salon & Boutique has extended its lease on 1,000 square feet of retail space at Millwood Plaza Shopping Center in Chesapeake, VA. Murray Rosenbach and Maggie Spillane represented the landlord.
- Eyebrow Design has extended its lease on 1,000 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
- SEE Boutique has renewed its lease on 773 square feet of retail space in Sycamore Square Shopping Center at 1244 Sycamore Square in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
With over 116 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides brokerage services for shopping centers, apartment communities, office, industrial, land and investment properties throughout the Southeast and Mid-Atlantic.
