S.L. Nusbaum Realty Co. Announces $32 Million in Completed Transactions for September 2024

NORFOLK, VA (October 2024) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $32 million in sales and lease volume on 295,042 square feet and approximately 15 acres for the Norfolk and Richmond Offices:

NEW LEASES:

AOR Management Company of Virginia, LLC has leased 20,184 square feet of office space at 3910 Bridge Road in Suffolk, VA. John M. Profilet, SIOR represented the landlord.
Landscape Supply, LLC has leased 20,000 square feet of industrial space on 1.50 acre at 2573 Quality Court in Virginia Beach, VA. Sam Rapoport represented the tenant.
Oceans & Ale has leased 5,417 square feet of retail space on 2.46 acres at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
ARC 3 Gases has leased 4,939 square feet of industrial space at 549 Progress Lane in Virginia Beach, VA. Pierce Jacobson represented the landlord and Chris Zarpas and Martin Murden represented the tenant.
C&P Baking Co has leased 3,864 square feet of commercial space at 1717 E Franklin Street in Richmond, VA. Sarah Sadler and Austin Newman, SIOR represented the tenant.
Inspired Closets has leased 2,500 square feet of industrial space at 317 Village Road in Virginia Beach, VA. Martin Murden and Austin Glaser represented the landlord.
Jensen Flex Space, LLC has leased 2,298 square feet of industrial space at 1253 Jensen Drive, Suite 101 in Virginia Beach, VA. Martin Murden represented the landlord.
New Flow Beauty Salon & Barber Shop has leased 2,079 square feet of retail space at 360 West 7102 Hull Street Road, Unit 32 in Richmond, VA. Andrew Brodie and Nathan Shor 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.
Great Lakes Dredge & Dock Company, LLC has leased 1,650 square feet of office space at 251 Granby Street in Norfolk, VA. Pierce Jacobson and Ben Leon represented the landlord.
Melted VA has leased 1,480 square feet of retail space at Greenbrier Village Shopping Center in Chesapeake, VA. Lindsay Bangel represented the landlord.
Bliss Nails has leased 1,420 square feet of retail space at The Shops at Cedar Valley Shopping Center in Williamsburg, VA. Lindsay Bangel and Chris Hucke represented the landlord.
AT&T Authorized Retailer has leased 1,400 square feet of retail space at K&K Square Shopping Center in Norfolk, VA. Maggie Spillane represented the landlord.
Blooms by A, LLC has leased 1,113 square feet of retail space at Waterlick Plaza located at 3412 Waterlick Road, Suite 5 in Lynchburg, VA. Nathan Shor and David T. Kalman represented the landlord.
Alabaster Counseling, LLC has leased 1,000 square feet of office space at 218 London Street in Portsmouth, VA. Austin Glaser represented the landlord.

SALE TRANSACTIONS:

Woodhill Acquisitions LLC has purchased a 72,000 square foot industrial building on 5.68 acres located at 1155 Pineridge Road in Norfolk, VA from 1155 Pineridge LLC and Ruth McElroy Amundsen for $8,500,000. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the seller.
Phillip Capron has purchased a 28,444 square foot office building on 1.68 acre located at 2697 Dean Drive in Virginia Beach, VA from Lynnhaven Commerce Center, LLC for $3,600,000. Ben Leon and John M. Profilet, SIOR represented the seller.
Kirbor Development has purchased 23 acres of land located on Carrollton Boulevard in Isle of Wight, VA from Whitman development for $2,800,000. Cheyney Cole, CCIM represented the seller.
Chandler Creek Investment Group LLC has purchased an 18,453 square foot retail property on 1.01 acre located at 3440 Chandler Creek Road in Virginia Beach, VA from Tuscan Decor LLC. for $2,175,000. Martin Murden represented the buyer.
Trojan Horse LLC has purchased 1.32 acre of land space at 1402 Packer Crossing in Chesterfield, VA from Woodlands Real Estate LLC. for $795,000. Douglas O. Tice, III, CCIM represented the seller.
Rutland RE LLC (EAT Restaurant Partners LLC) has purchased 0.89 acre of land located at 9206 Rutlandshire Drive in Mechanicsville, VA from TL Hunt. for $525,000. Austin Newman, SIOR and Nathan Shor represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

Belk has exercised its option on 73,860 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
Hampton Inn has exercised its option on 8401 Hampton Blvd. in Norfolk, VA. Richard Jacobson represented the landlord.
Functional Family Fitness, Inc. has renewed its lease on 7,200 square feet of industrial space at Birdneck Business Center in Virginia Beach, VA. Ben Leon and Pierce Jacobson represented the landlord.
Wells Fargo Bank has renewed its lease on 3,349 square feet of retail space at Cape Henry Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
Pollard’s Chicken has extended its lease on 3,060 square feet of retail space at College Park Square I Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.
Gerald’s Ice Cream Bar has exercised its option on 2,160 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
L’Amour Nails & Spa has renewed its lease on 2,000 square feet of retail space at The Shoppes at Bellgrade located at 11400 W. Huguenot Road in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
Starbucks has extended its lease on 1,830 square feet of retail space at 1099 Independence Boulevard in Virginia Beach, VA. Maggie Spillane and Chris Hucke represented the landlord.
Perfectly Frank has extended its lease on 1,717 square feet of retail space at Monarch Way at ODU in Norfolk, VA. Lindsay Bangel represented the landlord.
Enterprise Leasing Co. has extended its lease on 1,654 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Maggie Spillane represented the landlord.
Taste of El Salvadore Inc has expanded its original lease by 1,600 square feet of retail space at Waterlick Plaza located at 3412 Waterlick Road, Suite 9 & 10 in Lynchburg, VA. Nathan Shor and David T. Kalman represented the landlord.
TJ Nails has extended its lease on 1,500 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Pierce Jacobson represented the landlord.
Khames Jewelers has extended its lease on 1,486 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.
Mystic Jamaica Caribbean Restaurant has extended its lease on 1,400 square feet of retail space at Jefferson Shoppes Shopping Center in Newport News, VA. Pierce Jacobson represented the landlord.
Festive Creations has renewed its lease on 871 square feet of office space at Sycamore Square Shopping Center located at 1318 Sycamore Square, Suite 202, in Midlothian, VA. Andrew Thacker and Bob Butcher represented the landlord.

NORFOLK, VA (October 2024) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $32 million in sales and lease volume on 295,042 square feet and approximately 15 acres for the Norfolk and Richmond Offices:

NEW LEASES:

AOR Management Company of Virginia, LLC has leased 20,184 square feet of office space at 3910 Bridge Road in Suffolk, VA. John M. Profilet, SIOR represented the landlord.

Landscape Supply, LLC has leased 20,000 square feet of industrial space on 1.50 acre at 2573 Quality Court in Virginia Beach, VA. Sam Rapoport represented the tenant.

Oceans & Ale has leased 5,417 square feet of retail space on 2.46 acres at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.

ARC 3 Gases has leased 4,939 square feet of industrial space at 549 Progress Lane in Virginia Beach, VA. Pierce Jacobson represented the landlord and Chris Zarpas and Martin Murden represented the tenant.

C&P Baking Co has leased 3,864 square feet of commercial space at 1717 E Franklin Street in Richmond, VA. Sarah Sadler and Austin Newman, SIOR represented the tenant.

Inspired Closets has leased 2,500 square feet of industrial space at 317 Village Road in Virginia Beach, VA. Martin Murden and Austin Glaser represented the landlord.

Jensen Flex Space, LLC has leased 2,298 square feet of industrial space at 1253 Jensen Drive, Suite 101 in Virginia Beach, VA. Martin Murden represented the landlord.

New Flow Beauty Salon & Barber Shop has leased 2,079 square feet of retail space at 360 West 7102 Hull Street Road, Unit 32 in Richmond, VA. Andrew Brodie and Nathan Shor 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.

Great Lakes Dredge & Dock Company, LLC has leased 1,650 square feet of office space at 251 Granby Street in Norfolk, VA. Pierce Jacobson and Ben Leon represented the landlord.

Melted VA has leased 1,480 square feet of retail space at Greenbrier Village Shopping Center in Chesapeake, VA. Lindsay Bangel represented the landlord.

Bliss Nails has leased 1,420 square feet of retail space at The Shops at Cedar Valley Shopping Center in Williamsburg, VA. Lindsay Bangel and Chris Hucke represented the landlord.

AT&T Authorized Retailer has leased 1,400 square feet of retail space at K&K Square Shopping Center in Norfolk, VA. Maggie Spillane represented the landlord.

Blooms by A, LLC has leased 1,113 square feet of retail space at Waterlick Plaza located at 3412 Waterlick Road, Suite 5 in Lynchburg, VA. Nathan Shor and David T. Kalman represented the landlord.

Alabaster Counseling, LLC has leased 1,000 square feet of office space at 218 London Street in Portsmouth, VA. Austin Glaser represented the landlord.

SALE TRANSACTIONS:

Woodhill Acquisitions LLC has purchased a 72,000 square foot industrial building on 5.68 acres located at 1155 Pineridge Road in Norfolk, VA from 1155 Pineridge LLC and Ruth McElroy Amundsen for $8,500,000. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the seller.

Phillip Capron has purchased a 28,444 square foot office building on 1.68 acre located at 2697 Dean Drive in Virginia Beach, VA from Lynnhaven Commerce Center, LLC for $3,600,000. Ben Leon and John M. Profilet, SIOR represented the seller.

Kirbor Development has purchased 23 acres of land located on Carrollton Boulevard in Isle of Wight, VA from Whitman development for $2,800,000. Cheyney Cole, CCIM represented the seller.

Chandler Creek Investment Group LLC has purchased an 18,453 square foot retail property on 1.01 acre located at 3440 Chandler Creek Road in Virginia Beach, VA from Tuscan Decor LLC. for $2,175,000. Martin Murden represented the buyer.

Trojan Horse LLC has purchased 1.32 acre of land space at 1402 Packer Crossing in Chesterfield, VA from Woodlands Real Estate LLC. for $795,000. Douglas O. Tice, III, CCIM represented the seller.

Rutland RE LLC (EAT Restaurant Partners LLC) has purchased 0.89 acre of land located at 9206 Rutlandshire Drive in Mechanicsville, VA from TL Hunt. for $525,000. Austin Newman, SIOR and Nathan Shor represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

Belk has exercised its option on 73,860 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.

Hampton Inn has exercised its option on 8401 Hampton Blvd. in Norfolk, VA. Richard Jacobson represented the landlord.

Functional Family Fitness, Inc. has renewed its lease on 7,200 square feet of industrial space at Birdneck Business Center in Virginia Beach, VA. Ben Leon and Pierce Jacobson represented the landlord.

Wells Fargo Bank has renewed its lease on 3,349 square feet of retail space at Cape Henry Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.

Pollard’s Chicken has extended its lease on 3,060 square feet of retail space at College Park Square I Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.

Gerald’s Ice Cream Bar has exercised its option on 2,160 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.

L’Amour Nails & Spa has renewed its lease on 2,000 square feet of retail space at The Shoppes at Bellgrade located at 11400 W. Huguenot Road in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.

Starbucks has extended its lease on 1,830 square feet of retail space at 1099 Independence Boulevard in Virginia Beach, VA. Maggie Spillane and Chris Hucke represented the landlord.

Perfectly Frank has extended its lease on 1,717 square feet of retail space at Monarch Way at ODU in Norfolk, VA. Lindsay Bangel represented the landlord.

Enterprise Leasing Co. has extended its lease on 1,654 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Maggie Spillane represented the landlord.

Taste of El Salvadore Inc has expanded its original lease by 1,600 square feet of retail space at Waterlick Plaza located at 3412 Waterlick Road, Suite 9 & 10 in Lynchburg, VA. Nathan Shor and David T. Kalman represented the landlord.

TJ Nails has extended its lease on 1,500 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Pierce Jacobson represented the landlord.

Khames Jewelers has extended its lease on 1,486 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.

Mystic Jamaica Caribbean Restaurant has extended its lease on 1,400 square feet of retail space at Jefferson Shoppes Shopping Center in Newport News, VA. Pierce Jacobson represented the landlord.

Festive Creations has renewed its lease on 871 square feet of office space at Sycamore Square Shopping Center located at 1318 Sycamore Square, Suite 202, in Midlothian, VA. Andrew Thacker and Bob Butcher represented the landlord.

Join the Team

Headquarters

Richmond

QuickLinks