NORFOLK, VA (June 2022) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $38 million in sales and lease volume on 387,960 square feet and approximately 12 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Richmond Liquidators has leased 13,900 square feet of retail space at 10050 Midlothian Turnpike in Richmond, VA. Reid Cardon represented the tenant.
- Price’s Floral Wholesale has leased 6,600 square feet of office space at 911 Live Oak Drive, Unit 105 in Chesapeake, VA. Michael Myers represented the tenant.
- Hidden Treasures Galleria, LLC has leased 4,827 square feet of retail space at 7455 Tidewater Drive in Norfolk, VA. Sam Rapoport and Martin Murden represented the landlord.
- JPMorgan Chase Bank, N.A. has leased 3,518 square feet of commercial space on 1.0306 acre located at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Cups and Claws Café has leased 3,200 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
- Spero Health of VA LLC has leased 3,000 square feet of medical office space at 1825 Front Street in Richlands, VA. Fenton Childers represented the tenant.
- Sadeq M. Murshed has leased 1,800 square feet of retail space at 12014 Southshore Pointe Drive in Midlothian, VA. Reid Cardon represented the tenant.
- Zoup! Eatery has leased 2,324 square feet of retail space at Monarch Way at ODU in Norfolk, VA. Maggie Spillane represented the landlord and Martin Murden represented the tenant.
- Teriyaki Madness has leased 1,606 square feet of retail space at Winterfield Crossing located at 14273 Winterfield Parkway, Unit 2 in Midlothian, VA. Zach Hernandez represented the tenant.
- Sweet Bites RVA has leased 1,500 square feet of retail space in Sycamore Square Shopping Center located at 1229 Sycamore Square in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
- Stylez Unique Barber has leased 1,400 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
- Your CBD Store has leased 1,200 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- PBG Salon and Spa has leased 1,065 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
- Just Flash Me Studios has leased 1,000 square feet of retail space in Sycamore Square Shopping Center located at 1253 Sycamore Square in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
- Bridgeport Services LLS has leased 925 square feet of office space at 5935 Hopkins Road, Suite 201 in Richmond, VA. Tom Langston represented the landlord.
- Rob Beatty has leased 883 square feet of retail space at 1401 W. Main Street in Richmond, VA. Carter Wells represented the tenant.
SALE TRANSACTIONS:
- Bart Eisner has purchased a 152,516 square foot industrial building on 6.8779 acres located at 3700 Village Avenue in Norfolk, VA from OSS Village Ave, LLC for $11,000,000. Stephanie Sanker, CCIM, SIOR represented the buyer.
- Riverside Realty Capital LLC has purchased Keep It Simple Suites, a 50,400 square foot flex property located at 6000 Incubator Road, 2503 58th Street in Hampton, VA from ACO Development, LLC for $6,370,000. Bill Overman, CCIM and John Wessling, CCIM handled the transaction.
- DL 1510 Lofts, LLC and JR 1510 Lofts, LLC has purchased a 35,000 square foot mixed-use property located at 1510 W. Broad Street in Richmond, VA from TRP Firestone, LLC for $5,800,000. Nathan Shor, Andrew Nusbaum and Carter Wells represented the buyer.
- 7700 Orange LLC has purchased a 48,989 square foot retail property (O’Reilly) located at 7700 S. Orange Blossom Trail in Orlando, FL from G H & G OBT, LLC for $3,207,775. Doug Aronson represented the seller.
- Michael J. Raedeke, as Trustee of the JWR Living Trust dated February 12, 2005, has purchased a 3,454 square foot retail property (7-Eleven) on 3.18 acres located at Laurel Road and Knights Trail Road in Venice, FL from Laurel Road Development, LLC for $2,875,000. Doug Aronson represented the seller.
- 5901 West Broad LLC has purchased a 16,250 square foot office building on .730 acre located at 5901 W. Broad Street in Richmond, VA from 5901 West Broad Street Properties LLC for $1,300,000. Nathan Shor handled the transaction.
- Fiano Properties, LLC has purchased a 1,000 square foot office condominium located at 1917 Laskin Road, Suite 109 in Virginia Beach, VA from Santorini Wines & Food, LLC for $225,000. Ashley Bussey represented the seller.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- DXL Men’s Apparel has exercised its option on 9,000 square feet of retail space at Town Center Station Shopping Center in Virginia Beach, VA. Martin Murden and Murray Rosenbach represented the landlord.
- Buddy’s Furniture has renewed its lease on 6,030 square feet of retail space at The Shoppes of College Park located at 1415 S. Main Street, #22, Farmville, VA. Nathan Shor handled the transaction.
- Spectrum Paint has exercised its option on 4,000 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
- Tobacco Inn has exercised its option on 1,795 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
- Red Wing Shoes has exercised its option on 1,692 square feet of retail space at Town Center Station Shopping Center in Virginia Beach, VA. Martin Murden and Murray Rosenbach represented the landlord.
- Hunan Express has extended its lease on 1,344 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
- Subway has extended its lease on 1,200 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
- Subway has renewed its lease on 1,200 square feet in Short Pump Crossing Shopping Center located at 3326 Pump Road in Henrico, VA. Bob Butcher and Andrew Thacker represented the landlord.
- Paden Cold Storage LLC has renewed its lease on 1,100 square feet of industrial space at 5400 Virginia Beach Boulevard in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
- A Cut Above has extended its lease on 774 square feet of office space in Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
