S.L. Nusbaum Realty Co. Announces $22 Million in Completed Transactions for January 2024


NORFOLK, VA (February 2024) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $22 million in sales and lease volume on 177,752 square feet and approximately 21 acres for the Norfolk and Richmond Offices:
NEW LEASES:
  • Coastal Alliance LLC has leased 12,765 square feet of industrial space at 900 Broad Street in Portsmouth, VA. Austin Glaser represented the tenant.
  • Solitude Lake Management, LLC has leased 3,084 square feet of office space at 1253 Jensen Drive, #103 in Virginia Beach, VA. Martin Murden represented the landlord.
  • The Bagel Baker Delicatessen has leased 3,000 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Maggie Spillane and Murray Rosenbach represented the landlord.
  • Ess-a-bagel has leased 2,400 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • RT Atkison Building Corp. has leased 1,520 square feet of industrial space at 1821 County Street in Portsmouth, VA. Chris Zarpas and Steve Weinstein represented the landlord.
  • Marco’s Pizza has leased 1,350 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • ISFA-4 Defense Supply Company has leased 1,250 square feet of retail space at 1100 Cedar Road in Chesapeake, VA. Austin Glaser, Ben Leon and Nathan Shor represented the landlord and Martin Murden represented the tenant.
  • S & B Property Solutions has leased 1,250 square feet of retail space at Town Center Station in Virginia Beach, VA. Martin Murden and Murray Rosenbach represented the landlord.
  • Balloon Boutique & Party LLC has leased 1,160 square feet of retail space at White Marsh Shopping Center located at 4846 George Washington Memorial Highway in Hayes, Virginia. David T. Kalman represented the landlord.
  • Open Mat Gym, LLC has leased 1,000 square feet of retail space at Arch Village Shopping Center in Richmond, VA. Adam Shor and Nathan Shor represented the landlord.
  • Ward Enterprises has leased 973 square feet of retail space at The Crossing at Deep Creek in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Diesel Shack, LLC has leased 920 square feet of industrial space located at 1811 County Street in Portsmouth, VA. Chris Zarpas and Steve Weinstein represented the landlord.
  • The Doctor Healing & Wellness has leased 657 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Pierce Jacobson represented the landlord.
  • Pretty & Little LLC has leased 600 square feet of retail space at Greenwood Shopping Center in Hampton, VA. Martin Murden represented the landlord.
  • Town Autoplanet, LLC has ground leased .538 acre of land located at 4100 Missy Elliott Boulevard in Portsmouth, VA. Ben Leon represented the landlord.
SALE TRANSACTIONS:
  • Carter Machinery Co Inc has purchased a 47,380 square foot industrial facility on 4.370 acres located at 721 Rio Road in Charlottesville, VA from MPB, Inc. for $3,525,000. Austin Newman, SIOR represented the buyer.
  • William Won K. Hwang and Young Moon Hwang have purchased a Starbucks comprised of 2,250 square feet on 1.010 acres located at 10823 Tidewater Trail in Fredericksburg, VA from Trail Investment, LLC for $2,812,500. Doug Aronson and Carter Wells represented the seller.
  • Soo M. Kim has purchased a 2,860 square foot retail property on 1.38 acres located at 2437 E. Little Creek Road in Norfolk, VA from WMD Real Estate Holdings Co. IV, LLC for $1,700,000. John Wessling, CCIM, Chris Devine and Anthony Grecco represented the seller.
  • VB Commercial Center, LLC has purchased am 8,300 square foot retail property on 1 acre located at 508 N. Birdneck Road in Virginia Beach, VA from Birdneck Investment Associates LLC for $1,500,000. Chris Devine represented the seller.
  • 4287 Holland, LLC has purchased a 2,852 square foot retail property on .70 acre located at 4287 Holland Road in Virginia Beach, VA from Wells Fargo CPG for $1,100,000. Bill Overman, CCIM represented the buyer.
  • 3449 Carytown LLC has purchased a 1,916 square foot retail property on .044 acre located at 3449 W. Cary Street in Richmond, VA from 3449 W. Cary Street, LLC for $750,000. Martin Murden and Austin Newman, SIOR represented the buyer.
  • Burnette Baum Development Corporation has purchased .579 acre of land located at 5453 Wesleyan Drive in Virginia Beach, VA from RVB3 LLC for $725,000. Chris Devine and Matthew Nusbaum represented the seller.
  • Atlantic Corporate Leasing, LLC has purchased a 4,374 square foot office property on .151 acre located at 5253 Providence Road in Virginia Beach, VA from Madlin Properties, LLC for $670,000. Ben Leon represented the seller and Stephanie Sanker, CCIM, SIOR represented the buyer.
  • Ogor-Hill Properties, LLC has purchased 10.230 acres of land located at Tract 4, Windchaser Way in Moyock, NC from Windchaser LLC for $500,000. Martin Murden and Austin Glaser represented the buyer.
  • 1554 Juniper, LLC has purchased an 11,558 square foot industrial property on .41 acre located at 1554 Juniper Street in Norfolk, VA from Scott & Co. Rug Cleaners, Inc. for $250,000. John Wessling, CCIM represented the buyer.
  • Michael Thompson and Deborah Thompson have purchased a 1,125 square foot office condo located at 5269 Greenwich Road, Unit 200 in Virginia Beach, VA from Marcia Goldsticker for $150,000. Michael Myers handled the transaction.
  • BLT Land LLC has purchase .332 acre of land located at 16007 Route 1 in S. Chesterfield, Virginia from Watson & Watson for $25,000. Andrew Thacker and Douglas O. Tice, III represented the buyer.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
  • Banner’s Hallmark Shop has extended its lease on 6,000 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • EPIC MFG, LLC has extended its lease on 4,750 square feet of flex space at 625 Innovation Drive in Chesapeake, VA. Pierce Jacobson represented the landlord.
  • Sealmaster has extended its lease on 4,750 square feet of general commercial space located at 5552 E. Virginia Beach Boulevard in Norfolk, VA. Ben Leon represented the landlord.
  • Baker’s Fine Jewelry has extended its lease on 3,548 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Pierce Jacobson represented the landlord.
  • Sunkissed Tanning Salon & Beauty Bar LLC has renewed its lease on 3,200 square feet of retail space at White Marsh Shopping Center located at 4906 George Washington Highway in Hayes, VA. David T. Kalman represented the landlord.
  • The Bagel Baker has exercised its option on 2,000 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.
  • idealfurniturerichmond, LLC has renewed its lease on 2,000 square feet of industrial space located at 2091 Dabney Road in Richmond, VA. David T. Kalman represented the landlord.
  • Sweet Frog has exercised its option on 1,800 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Sharp International has renewed its lease on 1,530 square feet of office space at 620 Prosperity Way in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Albano Cleaners has extended its lease on 1,500 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Hair We Are has extended its lease on 1,500 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Kings Hookah Lounge has renewed its lease on 1,480 square feet of retail space at Greenbrier Village Shopping Center in Chesapeake, VA., Bill Overman, CCIM represented the landlord.
  • Make Something Studio has extended its lease on 1,425 square feet of retail space at Creekside Village Shopping Center in Suffolk, VA. Pierce Jacobson represented the landlord.
  • Jersey Mike’s Subs has renewed its lease on 1,400 square feet of retail space at 103 Tanglewood Parkway, Suite F in Elizabeth City, NC. Chris Devine represented the landlord.
  • Q Cleaners has extended its lease on 1,400 square feet of retail space at The Crossing at Deep Creek in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Supernova has exercised its option on 1,395 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Pierce Jacobson represented the landlord.
  • MEB General Contractors has renewed its lease on 1,300 square feet of office space at 2406 Princess Anne Road in Virginia Beach, VA. Chris Zarpas represented the landlord.
  • McGrath’s Burger Shack has exercised its option on 1,280 square feet of retail space at Millwood Plaza in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Fantasy Vapes 804 has renewed its lease on 1,265 square feet of retail space in Short Pump Corner Shopping Center located at 11573 W. Broad Street in Henrico, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • MEB General Contractors has renewed its lease on 1,200 square feet of office space at 2408 Princess Anne Road in Virginia Beach, VA. Chris Zarpas represented the landlord.
  • Chin’s Cleaners has extended its lease on 1,200 square feet of retail space at Wythe Creek Shoppes in Hampton, VA. Pierce Jacobson represented the landlord.
  • Pak Mail 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.
  • Cardiff Custom Construction has renewed its lease on 955 square feet of retail space in Sycamore Square Shopping Center located at 1334 Sycamore Square, Suite 202 in Midlothian, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Unified Women’s Healthcare, LP has renewed its lease on 900 square feet of office space at 109 Currituck Commercial, Suite B in Moyock, NC. Chris Devine represented the landlord
  • Festive Creations has renewed its lease on 871 square feet of retail space at Sycamore Square Shopping Center located 1318 Sycamore Square, Suite 202 in Midlothian, Virginia. Andrew Thacker and Bob Butcher represented the landlord.
  • Exclusive Clientele Barbershop has extended its lease on 630 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Pierce Jacobson represented the landlord.

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