NORFOLK, VA – (October 2019) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $24 million in sales and lease volume on 198,900 square feet and approximately 4 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Port Rover has leased 7,219 square feet of retail space at Victory West Shopping Center located at 2880-B Airline Boulevard in Portsmouth, VA. Mike Zarpas handled the transaction.
- Albemarle Physicians Services has leased 5,649 square feet of office space at 112 Medical Drive in Elizabeth City, NC. Chris Zarpas and Chris Devine represented the landlord.
- Frank’s Pizza has leased 4,200 square feet of retail space at 2444 Bainbridge Boulevard, Unit D in Chesapeake, VA. Chris Zarpas and Martin Murden represented the landlord.
- L&L Hawaiian BBQ has leased 2,238 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
- Einhorn’s Creamery has leased 2,160 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
- Curate Salon has leased 1,900 square feet of retail space at Cape Henry Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
- S. Navy has leased 1,800 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord
- United Floor Care, LLC and McKown Heating and Cooling, LLC has leased 1,800 square feet of industrial space at 5768 Arrowhead Drive, Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
- Tires has leased 1,500 square feet of retail space at Victory West Shopping Center located at 2850-C Airline Boulevard, Portsmouth, VA. Mike Zarpas handled the transaction.
- Rockmaster DJ Entertainment has leased 1,200 square feet of retail space at Franklin Square in Virginia Beach, VA. Neal Sadler represented the landlord.
- T-Mobile has leased 1,200 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
- Revolution BJJ Ashland has leased 1,160 square feet of retail space at 10393-D Sliding Hill Road in Ashland, VA. Andrew Thacker represented the landlord.
- Be Lashed has leased 696 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Andrew Thacker represented the landlord.
SALE TRANSACTIONS:
- Hampton Roads Connector Partners JV has purchased Riverside Corporate Center, a 90,000 square foot office building located at 240 Corporate Boulevard in Norfolk, VA from FHC Property Holdings, LLC for $12,970,000. John M. Profilet, SIOR represented the seller and Stephanie Sanker, CCIM, SIOR and Chris Devine represented the buyer.
- First American Exchange Company LLC has purchased a 27,303 SF former assisted living facility on .53 acre located at 1516 Harmon Street in Norfolk, VA from MCAP Legion LLC for $2,050,000. Martin Murden, Bill Overman, CCIM and John Wessling, CCIM represented the seller.
- Canterbury Townhouses LLC has purchased a 7,542 square foot retail building on 1.209 acre located at 10089 Brook Road in Henrico, VA from JWN Properties LLC for $1,375,000. Nathan Shor, Mike Zarpas and Chris Zarpas represented the seller.
- O’Reilly Automotive Stores, Inc. has purchased 9,064 square feet of retail space on 1.030 acre from 104 Currituck Commercial, LLC for $845,000. Mike Zarpas and Nathan Shor represented the buyer.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Sheetz has renewed its ground lease on 1.39 acre located at Huguenot Village Shopping Center in N. Chesterfield, VA. Bob Butcher represented the landlord.
- Dollar General has extended its lease on 8,470 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- DMV has renewed its lease on 7,704 square feet of office space at 874 Garrisonville Road in Stafford, VA. Nathan Shor represented the landlord.
- Fairfield Psychological Associates, P.C. has extended its lease and expanded to 3,884 square feet of office space in The Courtyard a Providence in Virginia Beach, VA. Seth Norman represented the landlord.
- West End Veterinary Clinic has assumed and extended a lease on 2,400 square feet of retail space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
- Cedarwood Chiropractic Clinic has extended its lease on 1,860 square feet of office space at 740 Duke Street in Norfolk, VA. Michael Myers represented the landlord.
- Enterprise has extended its lease on 1,654 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
- Sports Clips has exercised its option on 1,625 square feet of retail space at Raceway Market Shops in Indianapolis, IN. Matthew Nusbaum and Andrew Nusbaum represented the landlord.
- Primo PZA, LLC has renewed its lease on 1,400 square feet of retail space at 6102 Bashier Boulevard, Suite 1 in Mechanicsville, VA. Andrew Thacker and Bob Butcher represented the landlord.
- Hong Kong Restaurant has extended its lease on 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
- Dominos has extended its lease on 1,152 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
- Hair Cuttery has extended its lease on 920 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler 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.
